The Detroit times., 1916-04-03
Assessed Valuation of
All Downtown Real
ty Greatly Increased
TOTAL WILL RUN
OVER $40, 900, 900
Tax Rate Below $40 Is
Now Regarded As
Possibility

oOaFu OF dbsebsOTb. Inc hebeeseu Val
uation OF Woodward-ave. frontage,
from Michigan-ave. 10 Grand Circus
park. has been increased $4,000, 900.
From Michi gan-ave to Grand River
ave, on Woodward-ave.. the assess
90 valuation of property has been
advanced from $4,000 10 $4,000 a
foot 10 within 20 feet OF the cor
ners, which have been put on the
books at from sl3,500 to $4,000 a
foot.
The assessors claim that the in
creases In business property valua-
lions are reasonable and in keeping
with the wonderful advance in
downtown realty prices during the
last few years. Figures are jumped
high In some instances because the
previous property valuations. for one
reason or another were excessively
low. the assessors say The fact
that the state tax commission has
been AZ work in Detroit for more
than year, assessing city property
on a 100 per cent basis for state tax
alton purposes. may have caused the
assessors 10 change many figures In
the assessment books.
Although the board OF assessors
would give out no statement when
the work on property assessments
was completed last week. IL is esti.
mated that the increase in the az
sessed valuation OF real property
this year will be from $4,000. 900 to
s60.000.000 The state automobile
TAX law. n II is upheld in the su-
preme court will mean loss OF
from sl5,000,oO0 TO $40 700 600 from
the personal property books.
With the board OF estimates eager
10 supplement the work Of the alder
men by giving the budget another
careful trimming. and generous
increase In the assessed valuation
CT Detroit property. 500 tax rate
IL assured If the estimators cut
around si.5OO000 from the budget
items. the rate will be lower than
$50.
Gustave Albrecht. president of
The board OF assessors. is RESPONSE.
bic for the big increases in the cen
trail district The David Whitney
building. Woodward-ave and Grand
Circus park. assessed az 1855, 900
ir 1915 has been boosted 10 s2.445.-
600. an increase OF 1863, 400 in the
property valuation. The property on
the northwest corner OF Safest and
Woodward-aye., occupied by a
Kresge & Co. store. IL assessed at
s7sO.oo0. as compared with 100000.
last year The Majestic building. at
Michigan and woodwardavos
comes In for big Increase. the val.
uation on the property being jump
ed from 5000, 900 to $4,000, 900, and
the assessed valuation OF the build
ing being Increased from 100000 to
s750.000.
From Grand River 10 Clifford.
woodward-ave. frontage has been
assessed at $4,000 a foot on the
west side. the 2o-foot corners at
$4,000. From Clifford 10 Grand
Circus park valuations have been
advanced to $4,000 a foot, the corner
property being assessed at $4,000
q foot. The property on the east
side OF the street, with the excep-
ton Of the corners. is $500 foot
cheaper.
The property occupied by Siegers
store. Woodward and State, has
been raised from $4,000 to 1885,
$40. The northwest corner OF Ad-
ans and Woodward, where Der
trans drug store In located. was on
the assessment books last year for
only $4,000 This year the board
figures the assessed valuation OF the
property ut 1921 900.
Business property out Woodward
ave. shows general increase. The
same Ia true OF property on most all
other business streets in the city,
and in some sections residence prop
criy has been given good increase.
Hastings-st., which has become a
thriving mart i'm the center OF the
Jewish colony. IL down this year for
heavy increase. The new terri
tory taken in by annexation last
year will add about $40, 200, 900 10 the
assessment rolls.
Some OF the valuation increases
on buildings In the central district
ere as follows Hammond building
property. sSSs. 900 to $3.50. 900, Dime
Rank building. property. s6S7000 20
81 022 900 building. si.00o.000 "a
81 200 200: McGraw building. prop
tfty. ssT5,000 20 sbs5.o00: Mofra'
building property, s534 600 TOY 1886.
600. EnrdA hnlldihG prnpertx- -S22n-
900 10 s550,0O0A building, s650,0Qf
70 s750.000; Detroit Free Press
building IafnyetteIblvd.. property
s2iO 900 to 100000: Garrick the
alter. property, s271 900 10 s525.OoO
buildings. $4,000 10 10000; north
west corner Congress-st and Wood
ward-ave.. s12s.000 10 sI6s 900
The assessed valuation Of tn,