The sun., 1916-10-03

Comparison OF A~ssessments.
Comparisons Of the fnal assessments
Tor 1915 with the tentative assessments
for 1917 follow:
In Manhattan the Anal assessment; on
real estate for 1916 was s4,s49,5S2,0l1 :
The tentative assessment for 1917 Is
$500. 32S.2 86. a net decrease OF s47,-
253.726. Depreciation IN land and build
ings for 1917 totals $122.07S.S2 while
the value OF new buildings erected and
assessed for 1917 taxation Ii S43,926.sOO.
In The Bronx the total tentative as
sessment for 1917 is $3.50 .390,53i the
ANAL Assessment for 1916 was SGG6.S15.-
476. an increase Of $16.575.065. The
value Of new buildings Is sl5.9l5.400,
and the depreciation OF lands and build
inss is 3s.91O.285.
B%rookiyn's tentative assessment for
1917 is 1.7O9. 7Os,l9 as compared with
fnal assessment for 1915 OF $l,66l.253,-
462. an Increase Of 3is.45i,729. In this
borough depreciation Of land and build
ings Is Ss.s50.ssi. and the value Of
new buildings is 334,205.SS5.
In Queens the tentative assessment
for 1917 is 3b4s.422.ssS Anal assess
ment for 1916 was 520.60S.+ 50, al in
crease Of 32s.sl4,i3s. New buildings
valued at 3l5,6ss.SS0 were erected. and
the depreciation Of land and buildings
was S~4.3i9.345.
In Richmond the tentative assess
ment is 3s9.025.640: final assessment
for 1916 was 3s%.210 Q. 800. an increase OF
34,sib.340. The value Of new buildings
Is S3.a07.1eo, and depreciation amounts
to 3s40.7l5.
The Grand Total.
The grand total of tentative assess
ments for all boroughs for 1917 is ST.
s33,s75.536 as compared with S7,7S2.-
469.69s for the Anal assessments for
! 1916. the increase amounting to $751;
4o5,S37. The value Of new BUILDINGS in
all boroughs Is Sli3.052,2 25. and the de-
probation on land n buildings
amounts to Sl43.600.0 56.
Heights and zone restrictions and the
Save New York" movement attained
success too late for their effect to be
felt in the assessments. Thu Tax De-
partment believes that next year a de-
cided brace will be taken in values In
the neighborhoods affected by the re-
trictions and that many districts will
nearly make up under the new condi-
tons what losses they sustained thu
year through continued trade removals
and the invasion Of desirable districts
by undesirable industries.
Individual real estate assessments
show few notable changes either upward
or downward. TIE cuts ARE borough
wide In Manhattan and the Increases In
other boroughs are made OF small ad-
vances over many properties. The
Equitable Building 10 still the most val
liable single property In the city. being
assessed his year for $50, 500, 900. an adj
vance Of $500 900 over last year. The
Grand Central Terminal Is the most val.
liable semi.public work. carrying an as
sessment this year OF $2I, $50, 900. an Id
vance Of 50. zoe. 1000. The Pennsylvania
station Is valued At Sl5,9S0.0o0. as
against 1895. 900.
Altman's remains the most valuable
store property In the city. retaining its
last wears valuation Of sl<.l00,o 900
Largest Of all increases on privately
owned buildings was that on the West.
ern Union Building on lower Broadway
to whose assessment Sl.s25. 900 has beer
added. making q total Of $4,000. goo. The
Produce Exchange has been cut by s225.-
900 to 81 $50. 900. n the Biltmore Hotel
has been advanced from $4,000 70
$500. 900.
A cut OF $50. 900 has been made In the
case Of the Hotel Vanderbilt. and $25 .0OO
has been taken from the Metropolitan
Opera House. To- valued a. S3.316.ooo
The Stock Exchange Is ash d TO pay or
SloO, 900 less on its building than last
year. The assessment now Is So ."OO,0 600
the loss being on the land alone. TaS
books will be open for correction unit
December !.