Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1904-11-30
State Board Of Taxation Makes
its Annual Report to Gov
ernOr Murphy.
MIODLESEx BIC GAIN.
In 1903 the Assessed Valuations Of This
County Was ss2, sOs, 1872 While in 1904
This HAS Jumped TO $34' 647.65O, Show
Ing an Increase of $i,738,858 in This
County Alone-Sussex County Decrease

E,-Om the Meas CorresbOndent.
Trenton, Nov. 30:-The State Board
of Taxation has submitted its annual
report TO Governor Murphy. The
document was submitted to the exe-
cutive in person by the members of
the commission. The board is COM
posed of Harry J. West, of Gloucester
Oity; Charles O. Black, of Jersey
City; Carl Lentz, of Newark Joseph
Thompson, of Atlantic City, and
Thomas B. Usher, of this city, who
is the secretary.
The report first sets forth the orga
nization and powers of the board and
then goes into full explanation of
the taxable and EXEMPT property Of
New Jersey. According to the report
tine total amount of assessed valua.
tions, exclusive of railroad and canal
properties, is 81. .055, 379, ,023, which is
an increase over last year of $47, 1885,
SSl and of this amount $912, 1872, ,594
represents real estate and $l53, ,244. .987
personal property.
The amount of personality returned
shows an increase of nearly .$4, 500, 600
and this is explained l,y reason of the
new tax law. which exempts mort
cages as no longer taxable to the
holder as personal property, the whole
tax on mortgaged land being paid by
/ the mortgagor. By this mortgages
are Withdrawn from the list of per.
sonal property and credited to real
estate.
There is notable decrease shown
in the amount of deductions allowed
for Indebtedness, the total amount
allowed by the assessors throughout
the State for 1904 being only SO, 800, S97
as against SIG, 327, 1858 returned for the
previous year. This is a decrease of
more than O.O00, 600 in deductions
for debt and is principally due to the
change in the law which allows the
deductions to be made only from per-
sonality.
Fer 1904 the amount of exempt
property in the State is: Public
schools. $l7,541. 800; other school
property, $3.50. $780, public property,
$43, S3l, ,613. church and charitable
property, 1913, 791 .644; cemeteries and
graveyards, $4.6l7, 900. Total, $lt2,-
446, 307.
Sussex county is the only one which
shows a decrease in Jhe valuation of
property during the past year, show
ing decrease of $2,5l7,90l. This
total represents the entire decrease in
valuation in the State for the year
1904. The valuation of taxable prop
erty in Middlesex county for the years
1908 and 1904, and the gross and net
increase in ratables is as follows:
1908 1904 Increase
81, 1908. 792 "a, ,647,6 1,738. 1858
After quoting the law of 1908 the
report discusses the deductions for
debts, and says there is one point
which the taxpayer should have in
view, IL he desires to have the debts
he owes deducted from the value
of his personal estate. He must have
his claim made out and delivered to
the assessor before the time limited
by law for closing the assessment.
Commissioners of appeal have no
authority, it is stated, under the new
law, to allow deductions for debt.
The report, in commenting on the
law relative to mortgages, character
izes the change made by the act of
Continued on page 81