New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-04
Cor Real Estate
Man on Mayors
Advisory Board
r.. Council Requests That
~ Mitchell Make Such an
Appointment
object of Commission
.r,ents on Machinery
M Nav Be Included in Tax
on Property


nj r.totc
~se advisory eoeHO'-
has asked Mayor Mltchel 10
lrie'ss'' 80, actively identified
spont l' -,..4 "a mem.
- the real estate mar A'' %
= che Mayors advisory comiliS
Der " 80. law administration. The
son on ~" .;-.,o, is N on
.,,pose Of mus coi'.''.-s,.'SS'3 b,, which
.,syor 10 devise soi''e ','' 80 - j., tbis
- assessmen. ot 4S"t 'Id,,c, +o il
Nv can be increase" cd other
~ value Of the m"'..,l'eiy - CO. b"iid-
sslnres ih"~ ""'
ms. ..,.,;s+s Of Robert
The comm'ss.u-- .-;-;,,- s+atistician
r Mcintyre -.,,.rf Of Finance:
= evaminer btpaI ti"o"' " 49,.
S.wson Purdy pre- iael. % '.'e ~ r IN
mt Of Taxes ana Assessll'e'.;;S, ~ of
"a H. Wai.stoin' Soilliil,,is'' C,.-',,,oIl
.,counis; DR.. Jonn p iai.Al'h 60 GO
',seutiyc officer. "@.'loel H.,
..sree Of New lotA SAT- E,.ayy,;r q.
S,o6dard preslae. -. 81 w
-sil and Express OVi.,l' 49,. A1,e,i-
SANGER Robertson =. Tdo N
y, locomotive COMPANY Da-'art,,ont
Vstcslf, staustciaN or '''0
~ Finance, ls secretary. ..4;r,a+ad
although the iaN nc q" 1oS- 80,
l. the Tax Department 40, =
" The same as last year. ~ 10 - IS
-. Increased taNaIoh on ny - =,
,se state will ran upon ca" NJ bv
avs the advisory couHC..' .,,nt 80 ~
means OF d e-l', 5.1 i and likewise
ever ten million uu'i. 80, ''' ;nconoes of
by indirect lA4 e;,I.. ,Torld he a de
corporations. nus 49,, ,,,onert,,
-ised hardship 20 require ny PaI.,o 81
amer 10 pay taxes upon l"c
-sebinerv or fixtures oWheu u!
tsnsnt. Under the New YORK cL@ ,i..'l !
tax lien upon PERSONA ....pp,,of in3rment
not be reduced 10 l'eisoit';.,- Con-
against the OWE. ...1 81 49, mon such
ssquenuy any ~ '.i-'tr;r tbe same cate
value "oulu - ,.., or zeal state. and
CORY as '@N -- --cb as direct liens
gould De so.N 'p,-s;bI,, an amendment
Upon the i4"S " Cif- charter can be
70 me i't" - This Situation, so that
ooiaiLeu w 1.'.-.'-- 49,, could make its
ne re- - 900 machinery and fixt-
Ssess iI.,,i.. - lP,eirst the tenant own
s'ss o-' sS,i5 Ss held nersonally liable,
e, SlD i -, tbe real estate owner
~. ,ncb liability. The law to-day
,,orses that such machinery and fXt-
r,ss sball bo assessed as real estate.
T.s s.atement made by Mayor MlJchel
n ,spointinr this commission IS OF
.,,.. interest 20 property owners
d., Nitebel said:
81 tie State Tax Department says
ia h-a9inr and premises are owned
bv tts OCCUPANT. then all machinery
having fXcd location ana when IS
ssss5aI 10 the conduct Of the bust
ness is rsal estate for the purpose OF
tsxsh5., although attached 10 the
buildng b. bolts or screws or otheI-
We. even if removable without ma
ts-si ioiurv thereto. "Ihe courts.
/, cor.inues shave definitely decided
ne foravoirr 10 be the rule. and this
rule should be followed by all as
SCISSORS in assessing manufacturing
propertv. Il the dXed machinery is
owned bv a tenant. il is nevertheless
real estate. and should be assessed 70
the tenant Is hMll.
BpFslo has notably increased its
avsbie valuations this year. About
ssS0o0 ooo i s5led IN the personally
~ sil6a O-0 ~ the real estate
-.lrs' a. so ner cent of the real
,',s,s i,,~e.so is owing to a close APP
,-~~.r,st,e7 ,, tbo veal values, and
,s,r, Soo 0q0 0oo he due 20 the incIu-
~ ~. -e,i estate. Of the fixed
,,,tirsrv and eopipment OF manu-
t,.u,ir~ and business concerns. In
,,,.-;,. % tre latter figures the ser
~, ~ p. ~orns of engineering cX-
-. VA. ,,..5
g.. 10 ,bo GREAT amount OF
,,,r' -,..t.-.-- f, Rufalo. IL is. per
-, -'--...o--b1g ia anticipate the
~. r-1-,-- i-~ate increase ir real
s-.,,s vsi-e F. +be citv provided IT,
,,s 6eei5o. 10 treat al fixed machin-
En-. I'D "a. real estate.
aAse.bsr feature Of the work Of our
ssnmi,.ior somevbst embarrassing
ii its mann, FRI +bat I'M New York the
srsr.;or ~ .sres on real estate can
- e,foreel orry bv tho sale Of tax
o.