The evening world. [volume] (New York, N.Y.) 1887-1931, 1920-08-16
.GOUGING LANDLORD
WILL NOT ESCAPE
TAX RATE BOOST
Must Pay Added Values in
Same Proportion as He
Jumped Tenants Rent.
RENTALS FAIR IND Elk.
Deputies Will Be Aided by
Mayors Committee and Mu-
nicipal Court Records.

Proiteering owners OF apartments
have brought on themselves the heav-
lest part of the increased burden of
the citys finances for the next year..
due to the necessity for increasing
the city's debt limit. The plan to in
crease the assessments Of landlords
who through the camouhage of sub
leases are gouging tenants into pay
ing tremendous advances. enforceable
only because Of the city's scarcity
Of dwellings. was suggested long ago
by members OF the Mayors Com
mittee on Rent Profiteering.
II is now found to furnish the
brpadest and easiest way out OF the
city's financial straits. The salary
increases for city employees, the tens
OF millions needed for school improve
ments, the falling off in revenue be-
cause OF the loss Of liquor excise tax
alton. the SO, 200, 900 appropriation for
the new court house and numerous
other items can only be met by in
creasing somewhere. somehow, the
total of the assessed valuation of
city property.
II has been decided defniteiy to
hang the added values on the prof1-
teering landlord in exact proportion
to his exaotions on his helpless
tenants
The amount Of rental received IN
der leases has always been pleaded
by landowners as a fair index in seek
ing lower assessed valuations upon
which 10 compute their taxes. Deputy
tax assessors have found 1T difficult
to determine the real income from
such property.
Tenants who have revolted against
demands have furnished a way for-the
asseSsors to learn what property is
producing in revenue.
Jacob A, Cantor, President OF the
Board OF Taxes and Assessments
states that the rental which property
unless unusual elements OF value en-
ter into computation. The question
OF the relation of rentals to market
value was put up to Mr.. Cantor to
determine this point.
The very fact that the two houses
produce different amounts Of revenue
shows they are not the same" hi
replied. How can they be the same
That fact OF itself shows the calue'
are not equal, and. therefore the as
easements do not have to be equal. L
you were investing money. which
would you pay moro fora hOus'
producing 5000 a year or a houst
producing $4,000 a Year,"
DEPUTIES GUIDED BY MAYORS
RENT COMMITTEE.
The deputies who have hesitated u
boost assessed values in line will
boosted rents, this year will have tn,
Municipal Court records and those o
the Mayors Committee on Rem
ance in determining how much rent
ais have advanced and on what prop
critics. II they levy their assessment
in accordance with the rentals it /
not probable that any landlords vii
go into court with the plea that the,
are overassessed, because their rent
ais are plain profteering and there
fore not an index of the real value
II the deputy tax assessors fall L
take advantage Of the records avail
able, there will probbly be a goo,
deal Of public interest to know wny
II the deputy tax assessors win loo
into Municipal Court and the Mayor
Committee records, they will fond
basis on which TO produce the add
tional taxable values necessary. t
raise additional revenue. For in
stance:
Tenant at No '514-516 West 152
Street complains to Mayors Commit
tee that George Zanderer demand
5000 for apartment renting 70
S4O,5o; rate OF increase, 25 per cent.
assessed valuation, $4,000 II in
creased in proportion to rental, 10.
taxable value will be $4,000; increas,
$4,000
Tenant at No. 40 West 127th Stree
complains to Mayors Committee tina
Mayors Kahn Realty Company de
mands so for apartment renting fo
$15; rate of increase, IS per cent
assessed value, $1,000 II Increased /
proportion TO rental, 1891 taNaibl
value will be $4,000; increase, $50
900.
Tenant at No. $50 West 165t
street complains to Mayors Commit
tee that Arthur Du Cret & Co. deman
S2,AOO for apartment renting Il
$500; rate Of increase, so per cent
ssed value, $430,OO0. II increase
in proportion to rental, 1921 taNab
value will be S6ss, 900; increase, 1888
600,
Tenant at No. 2l1 Amsterdam avr
nue. complains 10 Mayors Committt
CONTINUED on Tenth Page.l