Arizona republican., 1913-10-04
This is Approximately the Figure That Will Be Fixed by Common Coun- cil Based on Budget, Val uatiOn and Revenues
LAST YEAR THE
 RATE WAS $1.4O
Assessable Valuation This Year is Placed at S23,- 626,749.67 as Compared About Half That Figure for the Previous Year

Exemptions ...... Ill.,. 551,51O.oo
 Assessable ...........$23626.7
 Budget .... .........$3 .$3S3,3l3.S5
 Approx. Rev .$1SS.49193
 To be raised .............$194,82l92
 Probable tax rate, S3.59 cents on
 each $1OO.
 According to figures the complla
 tion of which has just been completed
 in the office of City Assessor and
 Tax Collector Charles w Barnett
 the property valuation of this city
 this year is $241S4. .259.67. of this
 amount it is estimated that $551,5l0
 is represented by property exempt
 from taxation Unless these figures
 through the discovery of some error
 he changed by the common council
 when it acts officially upon the assessment for 1913 and fixes the tax rate for the current year, this means that the approximate valuation of
 assessabIe property amounts to the handsome figure of $23,626,749.G7. Incidental to the preparation of these figures for presentation to the common council the heads of the var ious departments have compiled bud get estimates, showing the probable cost of conducting the city affairs
 fer the ensuing fiscal year. These figures total $383.31385. The approx imated revenues from all sources out.
 side Of the proposed direct taxation
 are given at $1S8,49193. leaving
 Sf94S2192 to be raised by direct tax ation.
 This means that the tax rate for the city of Phoenix for the next year, always taking into consideration the possibility of changes being ordered either in the budget, the estimated revenues or the valuation apprOXimat- ed by the city assessor, will be S3.59 cents on the hundred dollars Should the figures as given here be approved by the common council there is a likelihood that instead of going into mills the rate may be fixed at even cents, either 84 cents or S5 cents. The valuation this year was taken from that fixed by the county and approved by the state tax commission after five per cent had been added to the original county figures at the di- rcction of the tax commission The | increase is due largely to the in creased valuation placed on real es- tate and not so much to new inn ! proVements for the year. although this latter item is one not to be | ignored
 Taking corner property on Wash l ington street at Central avenue as the starting point. a valuation was fixed there of $500 per foot front with five per cent added, making the i total valuation for purposes of assess
 ment S1.575 for property at that point. The valuation gradually falls i away from that point. This does not mean that the property at that point is held at any such figure as that at which it is assessed, it being probable that it could not be pur- ! chased at even double that figure Last year the same property now l assessed at $1575 per foot front was | assessed in the county at $50 per foot front and at $500 per foot front in the city.
 With the increasing of the property valuation, which the common coun- cil sitting as a board of equalization is practically certain to allow to stand because of the fact of it's hay ing been approved by the state tax commission. and there not being proportional, increase in the estim- ated operating expenses of the city government the tax rate this year will be much lower in the city than it was last year when an assessment of $14O per $1OO was made
 The common council hds gigantic task in hand in going over all the figures pertaining to the budget. the estimates of revenues from other sources than direct taxation and other incidentals connected with the entire situat tiOn.