New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-10-02
Total Assessment of Realty
and Personal Property
for 1922 Is Esti,nat-
ed at $lO,6I4,8O4,O47
Rockefeller Heads
Personally List
Two Million for Oil King
and Adelaide c. Frick:
) Put in I Million Glass

The tax books for 1922 were ouened
yesterday by the Department of Taxes
and Assessments. They showed total
estimated valuation of all city property
TOR taxation, both real and personal. Of
S1o,eI4,8 ,8o4, ,047. The real estate valua-
tion is given as sa,s47,S23, ,oa2 and the
personal property is assessed at
$6G7, ,4S0 $50.
ms IS an increase of s4O2. 2.oe5 .567
over the assessment on real estate for
1921. The personal property assess
ment represents an increase Of
$S7,4os,1oo over this year. The per
Sonal property. according to the inter-
pretation Of the law, includes the yari-
GUS goods and chattels Of private citi-
zens aud corporations. Works Of art
household furniture. private yachts.
blooded animals and other tangible
property are included under the por-
sonal items
Many Large New Buildings
Many Of the large increases are duo
to the recent construction Of large
o11ice buildings, theaters and apart
ment houses completed during the last
year. according to Henry N. Goldtogle,
president OF tie Tax Boa rd. Notable in
stances Of such buildings are the Gu
nard Building, the Borden Building, the
Strauss Building. the Canadian Pacific
Building. the Heckshcr Building. the
Cammeycr Building, the Gliding
building. the Loe,V Theater building.
several large loft buildings and apart
ment houses on Park Avenue.
Through legislation passed from time
TO time ut Albany the Department Of
Taxes and Assessments has been de-
pr1ved OF authority to tax the greater
part or personal property, as w.as TIE
case some years ago. TIE city, how
ever, receives an apportionaje share
Of tn State income and corporation
tax which last year netted the city
s17, 91a.s29. What it will amount 10
this year Is entirely problelila attic.
The new tax exemption Law. exempt
ing certain classes Of dwelling houses,
which was passed to encourage housing
facilities in the city, will. of course.
operate tc reduce to a considerable ev-
tent thn value of the real estate, but
Just how much it is now impossible to
predict. IL is roughly estimated that
there will be over $4,000 applications
made for the exemption Of taxes on
newly constructed houses in tho fyc
borougha.
What Total Includes
Commissioner Goldfoglc pointed out
that the total figures include ordinary
real estate and the rights Of way Of
realty corporations, which are claase
as real estate. The increase in the as
sessment OF ordinary real estate is
S395, ,978,S47, while the increase in the
assessment Of realty corporations
rights Of way is s6,6l5,72 making the
total Increase Of both items $4Q2 ,A94,-
567
The total assessment Of ordinary
real estate is S9,6G4 ,26O,O42 The total
assessm ent Of real estate rights, ETC.
is 1888, ,063 05O, which makes the total
assessment of botn classes OF real cs-
tate Tor the |iivc boroughs. s9947, ,323,-
092.
The total assessments Of ordinary
real estate in tho ave boroughs is as
Msni1attan-s6.57l,192,o55 an in
crease Of $500. 7O9,797.
The Rronx-$ $T93 .90S, 1856, sn increase
Of $27 los, ,9G5.
Brooklyn S2.37o,7l2,431, an increase
cl sl03.A743 375.
Queens STOP, 569.l0o an increase of
$56629, 500.
Richmond sl25, ,S05, ,72o. all increase
Of $5,O55,75
The personal assessments, all classes,
for ali boronghs, and the amount Of in
crease over this year arc shown in The
following table:
lrI. 1922