Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1920-12-18


have been assessed for taxation as
follows: .t-.
Jefferson hotel $566.s3o: Murphy's
hotel s1.0S9,590; Richmond hotel, 447
44O; Stump's hotel $3.50 Rueger's
hotel $253.O00: Travellers building
$3l2,660; First National bank sS46,
Oi0; Mutual building 1890, go; Ameri
can National Bank GIT, $50; Times
Dispatch building $277,SS0.
OWNERSHIP BY RACES,
Striking figures are shown in the
comparative value Of property owned
DIV whites and Negroes as follows:
Total white $155,423,710; total COL
ored $2,966,19o.
Property Is owned by colored peo
pic as follows:
Jefferson ward s391,7 Clay ward
9i,s1O; Lee ward s1,126950; Madison
(southsidc) $330,4S0; Madison (north
sidc) $1,016.930.
1t Is stated that tho colored race
mlgh have made slihtly bcu,er
showing were ;tl it's members, to DO
careful TO give the necessary inform
alton to court clerks wien purchases
Oh property are recorded us deeds
sent III by real estate agents do not
always show whether the purchaser
Is WHITE or colorod. On the face or
nlo Iigure the totul property owned
py Negroes Shows liLtlo increase In
value us the 1916 assoc smcnt showed:
Total. white, $1l7.2l6,367; total color
ud $2,&4l.111.
INCREASE ABOUT 50 PER CENp
,,,,, ...- = .-a-@ 4t.--,.e. xA.-Gl,s.:.
Ihis shows Il total increase over
1910 for the white race OF $3S, POT ,343
Oh 81 per cent and a total increase
for the colored race of $125,O79 or
VA IL per cent. 1t was erroneously
SAID yesterday afternoon that the In,
crease over five years ago was abour
80 per cent.
1he report Indicates that Rich.
mtnh is to Il large extent a city Of
homo owners. In Jefferson ward thoro
are 5,03l white and COZ SEPARATE prop
crty owners. In Clay ward there aro
o'342 white and 10l colorcd property
owners. In the Southside Of Madison
ward (South Richmond) there are
owners. In tho 3.073 white and 436 col
orcd property owners. In the north
side OF Madison ward there are 2,O4l
white ana 342 colored property own
crs. IN Leo ward there are 1921
whlte and 7S4 colored property owners
making approximately $4,000 sepa-
ate owners Of property In Richmond
even after making liberal allowance
for possible duplication OF names.
ON NORTH SIDE OF BROAD.
a striking feature of the report is
tn" increase in values Oh the north
side OF Broad street between Fifth
ana Ninth, section which was at
one time advertised as tho wrong
Tde' of Broad. and which has in re
lent years become the center If tho
movie industry and on which much
important building HAS been done
since the last assessment. Some tf
the assessors are inclined to attribute
part Of this increase in value tn pro
hihatlon and the consequent elimina-
ZION or bars on this part Of Broad
street. Between Fourth and Fifth
streets the north SIDE of Broad street
was assessed in 1915 at $337,91O in
1920 ut $467,570 an increase of 1929,
66O. Between Fifth and Sixth the
north side was valued I'm 1915 at s37b
600 and in 1920 at $526,97O an in.
c'tse of $lb1 $40. Between Sixth and
Seventh the north SIDE Of Broad was
valued in 1915 at $406.700 and in
1920 at $G04.G00 an increase of S197.
900 Between Seventh and Eighth
the north side OF Broad was valued
in 1915 at $402,460 and i'm 1920 ut
$5SO,410 an increase Of $177,950.
Between Eight and Ninth the north
side Of Broad wais valued in 1915 at
$364.6S0 and in 1920 at $44S,200 an
increase Of $93,520. The total for
these five blocks on the wrong side
or Broad street was i'm 1915 81 ,S77 $50
in 1920; $2,627750 an increase in the
five year period Of $750.400 an in
crosse of approximately 40 per cent
1t is the belief of the assessors THAT
the new valuations are very moderate
on this property and that no one OF
these blocks could now be bought fo,
less than twice the amount for which
they are now assessed.
The highest assessment per front
foot in the city Is at the southeast
corner OF Fifth and Broad streets
$4,000 per foot. Main4;treet values are
highest at Eleventh street, the north
east corner of Main and Eleventh be
ing valued for taxation at $4,000 per
front foot. The Merchant National
bank property at the southeast cor
ner is valued at $2.7O0 per front foot.
0. Fl. Berry and Cos. corner at the
southwest corner is ASSESSED at $2.s 500
Ecr front foot. The AErc.ic... :.t:on