Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1907-09-19
TAX ASSESSMENT
BERNAL|LlO COUNTY
ValuationStill
Largest in Ter
ritory
COMPARED WITH LAST YEAR
Corporations Escape With
Very Low Taxes Especially
American Lumber Co.

Bernalllo County still has the dis
tnction Of being the richest county
in New Mexico from the standpoint or
assessed valuation OF taxable proper
ty. However, the net increase for
1907 over the previous year is not as
large as in some of the other counties
of the territory. Exemptions have
been allowed aggregating $32G,765.
The tax returns of Bernalillo COun-
ty for the present year show total
valuation of $4o10,639. including a
net gain of $130234 as compared with
the assessment in 1906 The largest
single item of increase is in city and
town lots which represent over hall
of the total valuation and in which
the advance is 1892, ,53S.
Were the corporations of Bernalillo
County assessed as they should be the
amount of taxes collectable would be
much greater than at the present time
A glance at the comparative abstract
of the tax rolls of 1906 and 1907 re.
veals the fact that under the classifl-
cation of saw mills there is but an in
crease of $4OO. Saw mills last year
represented a total assessed value OF
S11.100 and this year the assessment
is $11,500. A somewhat larger gain Is
shown in the valuation of lumber
which in 1906 was assessed at S37,-
400 while in 1907 it is SAL 400 or an
increase of $4,000.
Granting that the American Lum-,
Der Company which is located in Al
buquerque pays the entire amount IN
both of the classified times referred
to, it will be noticed the assessment
is little over $4,000. This plant is
considered to be one of the most ex-
tensive of it's kind in the country and
has several hundred employees on it's
pay rolls. Reference to the New Mex
leo blue book of 1906 will show that
this company was incorporated on De
cember 20, 1902, with total authoriz-
ed capitalization of $S,0OO,OOO.
AS matter of fact the total as
sessment of the American Lumber
Company as extended on the tax rolls
this year is $4,000 This is made up
of the following items; Value of land
$4,000 value of improvements, $4,000;
Value of horses, $500, value of all 9th
er property, $4,000. The amount OF
taxes actually collectable on this as
sessment is $2,250. The comparison is
obvious
An increase of $4,000 is indicated
in the assessment Of water plants.
The Albuquerque Water Supply Com
pany which was raised this amount by
the board of county commissioners
appealed from this action to the Terri
torial Board of Equalization which
was in session last week in Santa Fe.
The appeal was rejected and the coun.
ty board sustained. The increase will
therefore be allowed to stand undis-
turbed.
The assessment on electric light
plants and gas plants is respectively
$4,000 and $4,000 There is an in
crease in the former of $4,000 and in
the latter of $1,000. The Albuquerque
Electric Light Company was incorpor-
ated on March 10, 1881, with capital
stock of 100000 and the Albuquerque
Gas Company was Incorporated on
December 81, 1880, with a capital
stock of 100000, while the Albuquer-
que Gas, Electric Light and Power
Company was organized on November
II, 1902, with a capital stock OF $780,
900.
There is a gain of $2,67S in the as
sessment of the street railway system
of Albuquerque, which is down on the
tax rolls this year for $22,800, which,
with other property, brings the total
assessment to $26,S00. The Albuquer-
que Electric Railroad Company was
incorporated on March TO- 1881, with
capital stock of 100000, while the
Albuquerque Traction Company which
supercedes it, was incorporated on
August Is, 1908, with capital stock
of $250,O00.
While the increases are shown in a
large number of the various classified
tions there are also many decreases
discernable. The biggest loss in any
individual item is on bank stock In
which decline is observable of $118,-
405. Decreases are noticeable in agri-
cultural lands and grazing lands TAX
en- together, amounting to $4,000.
Gold and silver plate were assess
ed last year at $1,1O4 while this year
this classification is blank. There has
been decided falling off also in jew
elry which last year was listed at ST.
47O while this year it is $2,O45.
The regular county levy this year
in Bernalillo county Is "a mills and
the regular city levy, Is mills There