New-York tribune., 1908-02-08
TO HELP ASSESSORS.
PLlNS BEING FORMED.
PL-lNS
President Purdy of Tar Board Says
Fcsr Transfers ReUeal Palaes.

go. s,.,, hae,, taken by the board of directors
or the Real Estate Exchange Of Long isiaho 10 ar
-.,ve for the promotion Of measures looking for
~ ,-o,ection of real estate brokers. Many pro
-es-s have recently been made It Is sald ny p'oN-
- ,bat The valuations land placed on lie IN
-l,e bureau of assessments were made pE assessors
,to cot their ideas about the value or properly
.-o, ,ersors who did not know what 1t was worth,
According 10 a director, the assessed Naiuau'' >.
. ..r-ain suburban plot in Brooklyn was placed al
s-o ,,uch higher than the price asked Tor IL
nv i,s owners and ,he adjoining plot was as
sessed at a much lower figure 1t was 'housH'
that the quotation these properties hao peei'
obtained from a laymsn who based his kno"ieoes
o- values on hearsay-
Lawson Purdy. president of the board OF 'aAes
.,s assessments said yesterday that he oouo'eo
.he accuracy OF the statement that pio' III
TS-ooklyr1 had te-n assessed beyond the Naiua' 'V u
rs5t ,rson IL by the owners ana the adloniiis pi0
..ssses hcloyy it's owners estimate 1T is in ou'
,b. eyccnrfonsI case that such dispariues oOco' ia
assessing properties in the same dislric'' anu -
.ha-a Sc generally some good cause 10 explain d
radical difference in estimates aiS' =
whether the deputy who made the assessment o'u
50 ,,r.on reference TO somebody VINO hao oHiS ~
Of the values Of the properties -,
-As q matter of fact the brokers can &c ,,
,,.,,sel,,es for The difficulties which confront '
d.nartment in getting at figures which "ou'd "
-easlv useful in arriving at the PIoPSi
-n.n.s Especially during the last t"eh's
-7,-ey
son IF having only g nominal consideration apP
a. .h. Seeds of transfer. Were the actual hanS-
fer p-.o. named the tax department "oulo "a
.o,,e real data TO rely upon. For eNanspie -
- 5nn transfers of property recoroeo III H'
zao,,,,rh Of Manhattan last yesr not NOR 'ha
1-nn s,.+a5 The true consideration Involved \
a -u1e not more than per cent OF the oeeUe -
transfer state the true consideration
.-U.re the brokers TO encourage the piaclhs =, =
-, .x+ ,ecords Of the actual consideration
Al ,o+ think In the long run IT would oe oe'ii
-,e,fsI II their interests or 3njure the pFosp"''
=, n,,-ins or disposins of piece of properly,
>s,Tr,, a nractice, If adopted. would mateIlsllS
.ss the tax department In making aCCui a. - f
n,,ri-7atefy accurate assessments bnoer PIeS
-si+;o-e the tax department has to rely on
tts own records snd the deputies nave - en- =, =
-, .be Information thus furnished as pest iieS
- sc II IS the business Of deputy TO Keep
,,-,se1f sccueinted with real estate nl"Ne".-'
a.. ~. cu-, district from the point or we" OIL .i7
sc-,,zI value of property, he has eut ii'tie 80
s,ce from perusal of the transfer reOoios-
hectic, with experts, who have their own nv :
- --.,sart;ons cannot always be DEPENDED
- I, the most important olstElous ci ~
t. ,rr Purdv pointed out, authorizes on isa'
...e x-al,,es though taking exception 10 Gel td'n
snsc.<c assessments have IN seherdi Go
.be 6enuties of the department were oeS' -
- ,he4r er,erience and point Of view 10 oetel
mine the assessments o-or=.r
several large deals were perfected
,,s,-i-. zi++el sold for Bing & Bing plot az
,oa7 feet on the south side Of n5lh s''' eaS "
r,,.-sida Drive TO the V. Cerabone Construcuo'
Con7nauv which will Improve the plot oy me ei'e
so, of an eight story dreproof bulldlns- ihis l.
7art of the plot recently sold by the As'or es'N'
10 Bing & Bing-
uou 7 How a c.. sold for the Realty Operating
,-ornnapv a plot stxl0o feet, the south sde OF
sa1E St ss feet west Of Amsterdam ave