The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-12-24
CITY REALTY NOT
RAISED So MUCH
AS FARMING LANDS
Figures From Tentative Ap-
praiSal by State Agents In
dictate Not Much More Than
100 Per Cent Increase.

II the figures Of the state appratsors
IN their valuations Of Memphis realty
are taken as the final basis for lie
assessment OF property for safe ana
t ttn purposes, there $ cvors' mdt p
non that Memphis pro lerr,. av.c~,, v,I
benefit from the new assessment
apparently an average increase /,
/ present assessment figures of abort 100
per cent Is being made. The apprajs,l
WIN not he finished. possibly eve1 nv
tIe llrst OF the year, but IN those ward,
W Nhich the figures are aVailabla that
ratio is about 100 per cent.
There are of course r,anv instances
OF neaVy increases In the appraisal az
rssldenCes or business property. most
DI Whlch are apparently justified. Rul
the average increase in srounl valuee
ments @'''7
II the assessment is dogblod anil the
one will suffer
II the state and coun'" tax IS re Iuccd
more than so per cent, rs may b. done,
the taxpayers who have been having on
more than On per cent valuation WIN
ray less tax in 1920 than he lid in
This statement refers solely TO state
ana county taxes. The question Of the
Guy assessment must be taken IN by
tha incoming city administration.
IL 10 stated on the authority of \
', Louthan, chief statistician of the
newly created state board of equaliza-
tion, that the appraisal Of land values
IN o." average counties, thus far COM
pleted, indicates that the present as.
sessment In those particular counties
Is 27.s per cent Of the actual cash value
consequently, in raising the valuation
me statc appraisers who worked ON
those 81 counties, increased the vaIua-
ment
That tends to bear ont the state.
n'ent heretofore made from Mr. Lou
IMAM office that the average increase
over the state viii run from $50 to 400
per cent over the present assessment.
Necessarily, with only partial figures
as basis, no accurate comparison can
pc made Of the increased appraisal be
ing made in Memphis and Shelby county
state, ''''
The appraisal in shelby county out
side Memphis viii run at least as high
as the state average, possibly 400 per
cent and higher.
!, But the figures thus far available in
the city Indicate that the increases
made will not be so much. but probably
viii average about double the present
assessment for. state and county put-
poses, or NAV be $50 per cent
property values, that Is ground values
OF real estate alone, in tho Eighteenth
ward. for example, have been tcnta-
lively raised about double the present
assessment.
Lots in the vicinity of Union and
Walnut valued now at around $3.50 a |
'front.' foot are APPRAISED at about $500 |
front foot
Near Union and DUNLAP, with the as |
sessment about the same as above, the |
appraisal runs from $3.50 to $275 front |
foot
On Eastmoreland present assessments
of from $40 to S25 are raised 70 $40 |
and $50, East and Dudley streets, as
sessed around 500 to $25 a foot. an
prasal is from $40 to $50.
Dr. a. r. Porter owns 405 feet on
East street on which there is a hand
some residence. The present assess
ment is $4,000 on the lot and 1000 on
the house. The new Appraisal is $4,000
on the lot and $40, coo for the house,
lot owned by j. A Evans in tn,
same neighborhood, 23S feet, assessed
at 1920, is raised to $9.50O
In the Thirtyflrst ward, lying south
and west of Cooper and Central and
running west to the Glenview park sec
uon, ground values are raised heavily |
On Oliver avenue, for example tho
lots are now assessed at an average
Of IS to $40 r front foot The new ap
praisal is from $40 to S25 a foot
Lots in Glenview park, a high class
subdivision, but with no large or ex-
pensiVe homes, most of them being
bungalows, assessed from $40 TO Sl2
| front foot, Is raised to $40. S25 and
n some instances $3.50 front foot.
In small subdivision OF cheaply con-
'tructed, small homes, along the South
srn railway tracks the lots are as
'essed at from SO to IS foot. They
~ te.aI I
louses there assessed at from $3.50 TO
u 1000 are raised to 81 500 TO 81 600