The New York herald., 1921-10-02
Realty S9,947,323,692, In
crease $4O2,594,567; Per-
sonal $667, 7,48O,95O, In
crease $37,408,100.
EQUITABLE HOLDS LEAD
John ID. Rockefeller and
Widow of H. c. Frick, ST.
100000 Each, Head Per-
sOnal Assessments.
$4,000 HOUSES EXEMPT
Taxpayers Have Until Nov. Is
to File Complaints in At
tcmpts to Get Reductions
in Assessments.

valuation of all property in New
YORK city for taxation purposes for
the year 1922 Is estimated at S10,614.-
So4,o47. OF that amount the real es.
tate is placed at s9,947, 1923, ,0s2, which
is an increase of s402,594,567 over
the 1921 assessment. Personal prop.
erty for 1922 is assessed at s667. .4S0..
$50, an increase for all boroughs OF
$37, 7,40S, 100.
These figures are from the annual
statement issued by Henry l.. Gold
fogle, president of the Board of
Taxes and Assessments. In Manhat-
tan the largest increases in assessed
valuation are found in the Grand
Central Terminal zone. extending on
the East Side from Fortieth to
Seventy-ninth street. In that dis.
trict the increase aggregates s44.-
253.600. The lowest increase in any
Manhattan district is the East Side
section bounded by James street,
along the Bowery to Grand street, to
Essex, north to Fourteenth street
and thence to the East River.
In realty the Equitable Building
still leads the list among important
commercial structures. It's valuation
is assessed at 10000 900, which was
also the figure for 1921. In the per.
sonal property assessments John ID.
Rockefeller and the widow of Henry
c. Frick are the leaders with declara.
tions OF $2,00O,000 each, while John
d. Rockefeller. Jr.. has filed for $500.
600 and Helen C. Frick is placed at
81, ,O00, 900.
New Buildings Cause Jump.
Many Of the large increases in realty
values are due to the recent construc-
| ton OF large office buildings theatres
and apartment houses, notable in.
stances of which are the Cunard Bor-
den. Strauss. Canadian Pacific, Heck
sher Cammeyer. Gliding and Penn
Terminal buildings, the Loew state
| Theatre building, the two Garment
Centre loft buildings in Seventh ave-
nue.. and several huge apartment
houses III Park avenue.
On the older commercial buildings
and theatres the assessors in general
appear to have followed the. policy Of
permitting last years estinf1A.s to re-
main substantially unchanged Thus,
the Equitable still stands at 10000
900, the Woolworth at s12, 500 900 and
the Singer Tower at $s,2oo.o0o.
The total assessments for 1929 of
privately owned real estate in the
five horoughs aggregates ss.es4.o42.
Greater New York real estate corpo-
rations will be assessed s2s3. .oss.o50.
The totals in the various boroughs
for the year 1922 and the differences
over the estimates of last year are as
follows:
BOROUGH OF MANHATTAN.
Increase Assessments
Private real 500 sssS s2T as lss3 Is,
Corporate real es-
tate ............ 5,i5s.oso iss.s57 200
s2o5.ssss47 s5.so7 $40 .o5s
BOROUGH OF THE BRONX.
Private .......... s27.1ose65 s7e3 $50. Tss
Corporation ...... i.i5s.ioo 54.aii.25c
s2s2s7ce5 ssas .se4. .oss
BOROUGH or BROOKLYN.
Private .sio3.4743T5 s2.37o.,i2.43i
Corporation ...... tl,sJ0 45.s46.I00
os.54s.225 s2.4is, $50. .i3i
BOROUGH OF QUEENS.
privata a1Q
Corporation 2is.2eo 4i.oeo.55o
sss.s4s.iso s743.se4.eoo
BOROUGH OF RICHMOND.
Private ....... ss.oS5.75o si25.so5.7co
Corporation 1900 4.s4s.6oo
ss.os3,c5o siao.s54.sTo
Mr.. Goldfogle called attention to legis-
Iation passed In Albany depriving his de-
partment of authority TO tax the greater
part OF personal property as It was per-
missible to tax 1t some years ago. This
Is offset in a measure. however. by the
fact that the city receives proportion
ate share OF the state income and cor
poration taxes. which last year netted
the municipality St7.s7e.e2e.ss. What
the new revenues from these sources
may aggregate is proeiematical.
Uou.e. Exempt From Taxes.
| Another factor operating TO reducs
taxable realty Is found In the state laws
passed exempting certain classes OF
\ dwelling houses from taxation In the
hope OF relieving the housing shortage.
I The departnent estimates that in shs
! five boroughs there will be more than
$4,000 applications filed for exemption
/ on newly constructed housing structures
Where increases are noted In assess
! p1en.s on large commercial buildings
Z over former figures they are due for the
most part 10 the advancement or complc-
tlon OF improvements still in process OF
construction when the tax rolls were
made up q year ago. The Cunarf Build