Evening journal., 1914-02-21
MANY BOOSTS
UNDER The new
ASSESSMENT
Million Dollar Raise in Value
Of the du POnt Building
Among Changes
MANUFACTURING PLANTS
AMONG THOSE AFFECTED

While the new assessment system for
Wilmington was practically finished yes
terday afternoon. no official figures Of
the new property valuations would be
given out today by President Of Council
White, Councilman Stover and Building
Inspector Johnson. who are members OF
the assessment board. or by Assessors
James II. Morris or Eugene NJ. Sayers,
who are Go accept the boards figures "a
the official assessment for the city.
Under the new assessment n reduction
Of Is to 20 cents in tax rate is expected.
The assessment is as near as possible
a full valuation Of the land and OF the
improvements thereon. tabulated in sep
arate columns after being computed by
experts Land values were fixed hy
Charles G. Kurtz, +. T. Moody and VIII
liam II. Gibbons, real estate brokers Of
many wears experience and knowledge
of local property values.
Several Wilmington contractors
and real estate men Of both political
parties assisted in making the as
sessment The assessment revision In
which every property in Wilmington
was inspected and measured, was In
charge Of Frederick Lloyd. of Chic
ago. an expert In the Somers assess
ment system The new assessment
is what IS known as the Whining
ton system" Heretofore the assess
ments have been a general estimate
based on size and condition Of build
ings and neighborhood yalnes. With
out expert examination Of properties
and generally have been far below
full value except IN the instance OF
many smalier properties. Properties
hu
been on half value in the past and
are nov on full valuation basis.
Councilman Stover on Thursday
night al City Councils meeting as
serted that the assessment had beeu
made as fairly as possible. without
any favoritism and without partisan.
ship. President of Council White TO
day said no Official figures would be
given out by the Board until after
appeals are disposed Of. However
reports Of some changes made in pro.
perty valuations have gotten on.
The assessment on so-called baWdy
houses has been cut in half with the ex
ception OF one The psrsonsges OF The
several churches have been increased
heavily. The assessment on ST. Peterl
Cathedral parsonage. st. stephens lu
theran. Wesley. SiNerbrook, and in fac
al the parsonages % the city has beel
raised.
TIE soloons came in for general con
sideration and valuations OF many .wer
cut in two. The William g.. Cole prop
erty. No. ill Shpiey street was cut Q
s. 800. Wholesale and retail hquo
dealers on fIatnnll street benefited b,
the reduction but the property Of 81
Peters Cathedral Megsry and So
Conuamys stable aud other propertie
on that street were raised.
Siherbrook property has been boostc'
IN assessment. The morocco plant a
SiIverlrook Of tho Wilmington Leothe
Company has been increased il IL up
derstood. hy an additional ssooco.
Z the Blnmrnthal & Co.'s leather plant th
cobble stones in tho yards were asscsse'
rnd slS5 900 was added e. tho assess
meht. II T. said s2so.ooo vas added =
tho assessment OF the Harlan and ilol
liupsworth Corporation. The Josep
Bancroft and Sons Company's plant sis
was raised more than 100000. it
iaid
DelaN are avenue properuea an
fContinued on Page Two).