New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-02-12
MIR. PURDY AGREES
STANDS By MAYOR.
Srns Personal Tar rs Menace
to Cify's Prosperity.

-swson Pi,rdy. president Of the Tax
Board replied yesterday TO the letter OF
Aavo-. Gaynor regarding the effect on the
tax rate OF the adjustment OF the per
sonsl tax President PUrdy evidently
agrees with the Mayor that the law is
rraveSfy Not only are the COLLECTIONS IN
this city tri1ing under the law. he declares,
tut the law is actually a menace TO pros
ueritv To raise the same amount now col
Iected II the personal tax by adding the
burden 10 real estate would increase the
iax rate only six or seven points, Mr- Purdy
estimates
The Mayor is much pleased wiki t32 dis
c1ssion already aroused by his opening OF
the subject he said last night that ne
vas strong believer in never drawing
e bill units there was strong public de
nlsno for H. and that he would not advo-
cate bill amending the TAX law for this
session Of the Legislature unless public
sentiment should crystalline more rapidly
than NE anticipated.
President Furcy-s letter 10 the Mayor
.ollops
have received your letter OF the 9Th,
ASKING TWO questions
J. Il Tie general property tax on personal
property were done away with altogether.
hal decimal thereby would DE auueu 10
1ne Tax rate on real estate
pa the substantial part OF the personal
axes collected
X Is Impossible 70 answer the second
question aCCIra tely. because real estate
ss>e ssne1E rolls are made uF Eeosraph-
.ceUy. ana not alpha betlcslly- 4 believe
s-sI r. Is probably true. however, that me
tSAes also pay taxes On real estate
To answer your first question most N
-elIf=eHtIv have obtained the amount OF
s.rsonsl taxes collected for three years
- averages 3. -lsEts-s EeaT- To To ;" tlllS
~u-- hE : lax on real estate would increase 50
me reN rate m or cents on te-A 90
of assessed valuation. Tn making TINS .
g-uat- ] have not Eaheu INTO account 80
rs~r thai there would be q considerable
saving % expense Il the assessment anu
tue collection or taxes upon Il were auah-
ogned- - ,.-,-
-ne question presented Is not that Of the
e@frct Of abandoning the taxation or FeI
E0Hai property. nut only that o. 90. L.o 49,
- Inc small relic OF the p+ISee.LoII - - =
.-T- tax nov left The tax ON hanks ana
r---Sf Cnr1lpa mics alone exceeds the TAX col
--rra5 from persona property LHdeI m
personal property lax. The tax on hanks
md trust companies = enforced Win
mathematical afol.Tseh - ttner CASES -. %
PERSONAL -r-aportE have from time 70 tnle
iron -t-Tr196-av-- from the opera ion OF the
general property tax and additional taxes
-=-e heeu imposed upon various classes 81
personal property, ana these axes lti'1 1
much greater amount than the genera
property TAX. .-
-~far.a ara very few places ~ tho stat
~ ~ev York where any ATTEMPT l. mace
20 enforce tie law for the tsNafion o. 1,eL
sa~a1 rs-orerrv- In many places Il * an
scI.--e1-- ruHFe5. The entire aSSeSSTnen
-r r,e--0-zf property outside Of the CITY
~ - York was only SIfS6f0.fH-1 in i%1>
In one civ. with 4 real estate asSeSsrnell'
IF So 80 or. the entire 2S~e~STneii' o1 (+I
.4-s1 -,-o1,e-r- j. $1,000 Not a single cor
-7r-z+-an = assessed. There are 2 IafE
--1r7ra~ Of towns where there i no per
.orsT r7-oDe--- assessment al all an
- rC---o5 md believe that there is not
single nonresident person or coTpHratloi
assessed 1- tho whole State o. New ore
outside % this CITY
z-i7.la The srrgsl collections in this CITY
z-e --fHiuc he Law IS menace 10 olI
-7-oSrre-5--- IFS enforcement drives iIpll.
- -7---ra~--- and business, The presence q,
-7'-rrr would enhance the value ~ re-
estate f-- much more shan T6A sum rom
which personal taxes are co.ie' CT L.[ -. -
-..z- b. ---a assessed value OF real estate
s-1 several times been twice as great II. ,'i
--as~ a the personal assessments on 0..i.A
-svrc have harr "a r.