The Penn's Grove record., 1920-10-08

York and New Jersey by a detach-
ment of the National Guard. Adju-
tant General Gilkyson, by order of
Governor Edwards, has issued in
structions calling for the participation
OF a band and a battalion from the
Sixth Regiment of Infantry and a
band and two troops from the First
Squadron of Cavalry in the exercises.
The commanding officers of the Sixth
Regiment and the First Squadron will
designate the units of their respective
organizations to form the detachment.
Governor Edwards and his staff,
many prominent State officials and a
large number of citizens have been
invited to the ceremonies, arranged by
the New York and New Jersey COM
missioners.
Tax Exemptions Explained.
Unde a new act no buildings con-
structed after October 1 and for a
period of two years will be assessed
for five years. Those that were start
ed October l and not finished will
be assessed, however. The act was
passed to encourage building.
In the opinion of the State Board
of Taxes and Assessment, improve
ments in course of erection on Octo-
Der 1, 1920, are not within the exempt
ed class. On that date there could be
no improvements which will comply
with the conditions of the housing
act that they must be erected be
tween October l, 1920, and October
l, 1922, in order to be entitled to eX-
emption.
The State Board also inStructs the
local assessors to pay special regard
to the purchase price of real estate
and also the amount of rents, demand
ed and received during the last year.
The assessors are empowered to take
these facts into consideration in max
ing tleir assessments under chapter
1856 of the laws of 1920. The purpose
of this act was to prevent owners or
.profiteerfng landlords from escaping a
share of taxation commensurate with
the market value and earning power
of their properties.
In it's instructions to the local as
SCISSORS upon this point, the state
board says:
"This board has heretofore held,
and has so advised assessors, that
under the market value rule of as
sessing, in force in this state, the So
called inflated prices and the greatly
increased rentals exacted by the own
arg nf rool octafo uyoro footnrs xrhioh
the assessor should take into account
In determining values. The amend
ment made to the tax act by chapter
1853 removes any doubt upon this point
and makes 1t the statutory duty of
to give full weight to rentals
and the purchase price Of property,
without regard to what may hereto
fore have been considered as normal
standards. In making the assessments
Of 1920 the assessor must be guided
by market prices as Of October l,
1920, with reference not only to prop
critics sold on or before that date,
but with reference to all properties in
his district"
The question has been frequently
asked of the State Board as to wheth-
er the assessments are to be made
as to values and the amendment vas
passed to cover the point. 1t means
that if the assessors carry out the
law many assessments will be doubled
as they have been assessing as to pre-
war values.
State to Be RedistrIcted.
New Jerseys reported gain of more
than 100000 in population since
1910 will result in q redistricting of
the State by the next Congress, to
determine its representation in Con-
gress, and the present twelve may
be increased. The next Legislature
will also be called upon to fix a new
apportionment of members of the AS
sembly. The State Constitution pro-
vides that there shall be sixty men,
bers of the Assembly, so the census
will o change the total. There may,
however, be a redistribution among
the more populous counties of North
Jersey.
There has been an exceptional
SIOWtl DULL III LSSSA anu D0IScu
counties and there is a possibility
that each will be given an additional
member of the Assembly, which would
give Essex thirteen and Bergen four,
cutting some counties which now have
two or three, as each county must
have at least n under the Consti-
tuition.
Claims Motor Law Unjust.
Senate bill, NJ. 331, increasing mo-
Tor vehicle fees from 20 per cent 20
100 per cent, is considere ". many
10 Je one of the most unjust and I'M
reasonable bills ever put through, and
4 blot on the fair name of New Jersey.
1t is a case of we need the money;
slam the motor car owners They
lon't seem to realize that the motor
truck is an investment, a real business
proposition, just the same as a station