The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-11-05
STATE RAILROAD
| AND CANAL TAXES
SHOW BIG GAIN
Property Valuation for 1909 Is
S2Sl,2l4,i58, an Increase
! of S8,934,I68.
REVIEW BY COURTS MAY
CHANGE ASSESSMENTS
sOf S5,088,345 Due State, ST.
1860 Will Be Devoted to
!. School Purposes.
Especial to the Newark start

lSpecidl u the newark start
TRENTON, Nov. 5.-According to a
schedule filed with the State Comp
troller by the State Board of Assessors
the aggregate assessed valuation Of
railroad and canal property in New
Jersey for the year 1909 is 1921, 214, 15S,
an increase over the valuation of last
year of $751; ,168.
The schedule shows that the total
tax levied by the assessors for the
year was S5,0Ss, 345.4 {, which is an in
crease over the preceding year of $780,
S13.51. OF this amount $3,751 ,004. 10 will
be applicable to State uses and $780,
$40. 20 to local uses. OF the amount re-
served for State uses there win be
: retained for the general State fund
: $1,037 ,335.S1, and there will be applied
to the. school fund, when collected n
! distributed, So. 713, 669. SO. The money
for State uses is levied upon the main
system, including the franchises and
tangible personal property and the tax
for local uses is levied upon the Sec
ond-class property, which, under the
Z present law, is assessed by the State
board instead of locally.
As the assessments which the State
board has levied are, subject to review
by the courts, the figures given may
. not represent accurately the tax which
will ultimately be collected from the
railroad and canal companies for the
year.
The following figures show the aggre-
, gate assessed valuation of each Of the
/. larger railroad systems; the total tax
: upon the main system for State uses,
including the amount to be retained by
the State itself and that to be APP
piled to the school fund, the tax as
sessed for local uses and the total tax:
Pennsylvania railroad system-Aggre-
gate assessed valuation, $S6, 349. 1876; tax
for State uses. 81, 100, 269. AS; tax for local
uses, s405. 1882. SO; total tax, 81, 800, 602. "a.
Central railroad system-Aggregate
assessed valuation, $56, 4S5. 327; tax for
State uses. 1903, t2s.11; tax for local
uses, 1920, 67.os; total tax. 1923. 69S. 10.
Philadelphia and Reading railway
systen-Aggregate assessed valuation,
81, 40S, 240: tax for State uses, $1s3, 354. 10;
tax for local uses, $25, 274.67: total tax,
SOS. 629.37.
Erie railroad systeim-Aggregate as
sessed valuation. 1923, $50, 246; tax for
State uses. $257 .552.9s; tax for local uses,
1859, s47.s 2; total tax, $427, 5Oo.so.
Delaware, ,Lackawanna and Western
!. railroad acknowledgement assessed
valuation, $4s.s66. ia; tax for State uses,
s627, 516.41 tax for local uses, $257, 1892
total tax, $685., 1867.
New York, Susquehanna and Western
railroad system-Aggregate assessed
valuation, 1856. 664; tax for State uses.
Sill, 355.4S; tax for local uses, s21, $685. "a:
total tax, $13S, 921.02.
Lehigh Valley railroad system-Ag-
gregate assessed valuation, $23, 95S. 942;
tax for State uses, 1922, 221.11; tax for
local uses, Sill, 765.15; total tax, $780,
9S6. 26.
Railroads not acknowledgements
assessed valuation, $22. 1904, 1876: tax for
State uses ,$279, sos. 46; tax for local uses,
sips. 207.32; total tax, s404, SIS. rs.
Total aggregate assessed valuation,
1921, 214, 15S; total tax for State uses,
49, ISL ,004. 70; total tax for local uses.
81, 1881, $40. 20; total total tax, $5,0SS, 345.43.
OF the $5,08s, 345.43 tax there will be
retained for State use, 1907. 1851; to
be applied 70 school fund, 50, 713, $50. 36;
to be paid to taxing districts, $780,
\ 340. 70.