The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-16
Unreasonable Increases.

Real estate men claim that while, as
general rule, real estate has been
appraised equltably In Memphis, appar
ent unreasonable Increases In the val
uation OF some buildings have been
made by the state appraisers. these In
creases in some instances being greater
than the price at which property Is Of
fered for sale or actually sold recently,
Naturally the owners Of property. II
this claim Is true, win protest to the
county board of equalization In dus
time, II they present proof Of sale or
purchase at lower figure or OF realty
being optioned at lower figure they
will be entitled to relief
Figures Of The state appraisal Of the
Ninth ward. one OF the Oldest settled
wards IN The city outside the First und
Second have been received in the
county assessors office. Values on
realty are increased more in that ward
than In any other thus far reported
In numerous instances the Increase Is
from 300 10 400 per cent over present
assessments
On Seventh street, at the T.. n N,
railroad tracks, for example. one l50
foot lot had been assessed at si2 foot
Ii is Increased to $10&
On Seventh at Auction. one lot, $50
feet, was assessed at S2l00. Ii IS raised
to $40 q foot, or Si5.200.
On Seventh, near Keel Louis SAM
bucettj has one OF the finest homes in
the ward II fronts SO feet on Seventh
street II was assessed at $1,000 on
the lot and $4,000 for the house. The
rev appraisal Is $4,000 on the land, or
more than $500 foot, and sl5,0UO for
the house. or $4,000
]. T. Walsh Raised. p
John r walsh's home place next
| door, was assessed at $3.50 on the 1850
! feet OF frontage and 81 900 on the house
| The new appraisal is 500 a foot, or
| $4,000 on the lot, and $4,000 on the
| house; total $4,000. against s6,250,
Judge Guthrie's home, close by. 30
| foot front, was assessed at $500 for the
| lot and 1850 on the house. The lot Is
appraised at $50 foot, or $4,000. and
the house at $1,000; total, $4,000.
Property assessed to Mrs. julia v,
| Blount. at Seventh and Saffarans, last
| year at $3.50 for 56-foot lot and $500
| for the house. is appraised now at 81, 700
on the lot tabout $50 footl and $4,000
| for the house.
These typical instances are in the
most valuable section Of the Ninth
| ward.
in other sections. along Second, Third
and Fourth streets. for example, the
| assessed valuation OF the land ran about
| $40 to $50 front foot under the old
| assessment. The appraisers have fixed
a new valuation OF from $50 TO $50 a
| front foot
| The $40 appraisal Is made in the gem
| eral neighborhood OF Fourth and Syca-
1 more. On Fourth, AT Mil. the values
| fixed are $40 On Fourth at or neat
| Greenlaw, the appraisal Is $50.
| on Third near Chelsea. the appraisal
| is $50 Third and Looney. $50 Mill
! corner Third. $40. Second. corner Chel-
4 sea. $40. Second, corner Greeniaw. SIS.
! In the Seventeenth ward realty val
ues seem to have been fixed at about
the usual sale prices, More property
has changed hands there within the
last year or two than IN the Ninth ward
| In the latter ward there have been very
| few transfers In several years. How
ever, some Nineteenth ward property
is appraisal 50fper cent above recent
actual sale prices