Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-07-03
BUSINESS SECTION
HARDEST HIT BY
Jump IN TAXES
Realty Values All Over City In
crease, According to Ten
tative Notices.
TAX BOARD ASKS LAND
OWNERS TO CONFERENCE
One Hundred Per Cent. Raise in
Assessments Adjacent to
Four Corners.

Increases in assessments on real
estate values all over the city are
being made, according to tentative
notices now being sent out by the
Board of Assessment and Revision of
Taxes. The largest increases are in
the downtown business section,
where. in some instances. the prop
erty value will be increased in the
neighborhood of 100 per cent
In one instance 1t is known that
property in Washington street. be-
tween Camfield and Bank streets, has
been increased from $4,000 in 1912 to
over $S1, 900 in 1918. and it Is said that
this is fair sample of increases in
the property all over the downtown
section
President John L. Carroll, of the
tax board, today admitted that there
was to be a big increase in taxes on
real and personal property in all parts
of the city and also admitted that the
downtown section was to be hit the
hardest.
I'VE are now sending out tentative
notices of increases" said Mr. Carroll
today, but do not feel that it would
be right to the property-owners to
give out any figures at this time. The
notices are the same that we send out
each year where increases are to be
ftAx. IN n
owner that his assessment is to be
raised.
"In the notice he is asked TO call
at the office of the board and discuss
the proposed increase with the board
members If he feels that the increase
Is an unwarranted one. We started
sending out the notices on July l,
and as yet have but one or two re-
sponses, In fact the notices havesnot
all beer sent out yet"
Valuations Are Readjusted.
Mr. Carroll refused to give any
estimate as to how high a percent
age the increases would reach, but
said that the new values fixed on
property in the business section were
figured so they would rank proper
tionately with the increases made on
property on the east and west sides
of Broad street, between Commerce
and Mechanic streets. and in the
side streets In that neighborhood fol-
lowing the hearing on the Prudential
Insurance Company tax appeal last
November.
At that time the County Board of
Taxation increased values on the east
side of Broad street and in side
streets approximately 80 per cent,
using the real value of the Pruden-
tfafs big holdings as basis to work
on. Tt Is understood that the values
as fixed In this section by the county
board will not be touched this year
by the city board, but that the values
as fixed by the county board are be-
ing used in establishing comparative
values all through the downtown Sec
tion.
Streets Affected by Jump.
And 1t is by the use of these figures
that the 100 per cent increases are
being made on many pieces of prop
erty lying in streets adjacent to
Broad and Market streets. Mr.. Car
roll admitted today that there was
general increase in all property on
Broad street from Washington place
to Court street and in Market street
from High street to Mulberry and
even below that street.
Big jumps are also being made in
property In New, Bleecker, Halsey and
all streets running east and west
from Broad street and In the side
streets north and south OF Market
street In addition to these whole
sale jumps in the business section Ii
is understood that the residential Sec
tions of the city are also going to be
hard hit. Central avenue, for In
stance, it is understood, has been re-
assessed for its entire length from
Broad street to the city line. SPRING
field avenue, with its long line of
business houses Is another street
that 1t is said will have a general up
lift in valuations made.
In fact. from information cleaned
at the office of the board, 1t is under
stood that the only parcels Of real
estate in the city that will escape en-
increase of some size this year are
those in the centre of the city that
were increased by the County Board
of Taxation after the tax hearing on
the Prudential appeal last November.