Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-04-29
SOME INTERESTING
|NI[RURBAN FACTS
T.-R. Looks Up Some Assess
ments and Ascertains Cost
of Road to Owners
TAX ON AVERAGE PROPERTIES
TAX ON AVERAGE PROPERTIES
Men Who Own Property Feel That the
Increase in Taxes, From lnterurban,
Will be More Than Repaid in the
Benefits Received From Building of
the Road Woodbury. Favors Inter.
urban and Talks interestingly

urban and Take intersstinslN
The voting OF taxes, that shall raise
$780, 900 to be invested in an interurbar
railway from Marshalltown 10 Grundy
Center, seems like tremendous bur-
den for the citizens Of this community
to assume until one begins to examine
into details. Just to satisfy curisoity
the T.-R. sent IA man to the court house
records. to see what it would cost diff
ferent citizens should the tax be voted
and the road be built, making the tax
collectible.
Ex-Treasurer c. H. Smith was found
in the court house with time weighing
on his hands,, so his assistance was 500
iicited. Since he is a red-hot "interur-
ban" man we looked up his assessment.
Smith owns a comfortable home out or,
North Third street. which is worth all
OF $1,000. The assessor has valued the
place at 81. 400. which is about an avs
erage valuation as the assessors rec>
ords run. The property Is taxed on one>
fourth it's valuation. or $3.50, and 3
per cent assessment for an interurban,
payable one fourth on March l. 1905:
sone-fourth Sept. l, 1905; olle-fourth
March 1. 1907, and one-f fourth Sept. 1,
1907, win cost Mr.. Smith $2t2h each
payment. or s5.26 year for two years.
He says that the general stimulus Civ
en- to business by an interurtan could
easily add 5000 to the price his home
would bring in the market, and even II
it only livehed up local conditions SO
that property would move e;lsily. his
sl0.50. spent for an interurban, might
some real estate agent would ask 800
as a commission.
County Auditor McLeland cs.me in to
see what was going On and We looked
up his assessment. He owns one or
the prettiest residences IN town. II
couldn't be bought for $4,000 The as
SCISSOR has valued 1t at se.4oo. so az to
be conservative, and the interurban tax
would cost him 50 per year for two
years. He is ''for' the interurban.
Mr.. Norris Of the T.-R.. who rents
q very good house at the corner Of Lin
coin and First streets. asked that the
assessment on that house be looked up.
1t costs Norris $3.50 per year and oughs
to be worth $4,000. The assessor values
It at $1,000, and the interurban tax Oh
it would amount to $s.75 per year for
two years.
NJ w. Hovey's residence, on West
Main street Is valued at $4,000 and the
interurban tax would cost Hovey $11.25
each year for two years. Hoysy is In
terested in the present street railway,
yet he Is for the interurban.
Charles GHstafson, Of the Lee, q Benz
edict store. has grown rich on the mu-'
nificent salary OF dry goods clerk. On
West State street he owns his home
and two other houses which ne rents
for good income on $1,000 each. The
assessor has valued them at I'm aver
age OF 5000. and the interurban tax will
cost him $3.37 per year for two years
on each house. II subscription paper
were sent around town to raise a bonus
Mr.. Gustafson would put down twice
that amount gladly.
Mr.. w. p. Hughes. telegraph editor
of the T.-R.. has so husbanded and in>
vested his salary that he owns three
dwellings on North Third avenue. two
OF which rent for So pc. month. His
assessed valuation is an average one.
ats &, 400. which would cost him 50 per
year, for two years, if the interurban
tax carries. and he is going to help
carry 1t.
81. J. Rodgers. associate city editor.
is anoul1er OF tile T.-R. capitalists. He
owns house at 408 Swayzee street,
WdlACu ne flStS, utluS d StHSie lbdu. IL
Is assessed at $500. and hence the inter-
urban tax would cost him $1.s7 per year
for two years. When not roofing for
the Marshalltown 'Grays. Rodgers is
boosting for the interurban.
Among the larger tax payers, almost
every man OF them favors the inter-
urban tax. It would cost Mr.. Il. Bin
ford all Of 1901. II not more, on TWEEN
ty or more properties, yet he could
easily make that on the sale of any
one OF them should there be live
realty market here, and he will vote
for the tax.
Mr.. ID. T. Denmead, on some twenty
buildings and vacant lots. viii have
to pay 1854 interurban tax If the cleo
ton Monday carries. and 1t Is very
likely hurried investigation
did not discover all of his holdings.
He will help carry the tax.
MIR. q. II. Kirby would have to pay
over $40, yet will vote for the tax. Mr.
II. A, Church is assessed on thirty five
Or moress small properties. some of
which he may have sold, but as they