Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1922-08-26
GREAT INCREASE
IN n. J. TAXES
Assessments as Well as Rates
Go Up, Tax Board
Says
MIDDLESEX SITUATION
Valuations Increased Refer
enCe to Raritan Arsenal
Made by Board

TRENTON, August 26-"Taxes on
all classes of property have increas-
ed enormously over last year" de-
clares the official annual report of
the State Board of Taxes and AS
sessment. made public here to-day.
The taxes which will be paid in New
Jersey for 1922 will amount to
$163, ,644, ,99545, it is declared, which
is SIT, 7,5S0,S4 more than has ever
been paid in the past. Il. Sc figures
include State, county and municipal
taxes.
Not only have rates gone up, but
assessments have been advanced to
the total of $S,797. .507, ,447.11, exclu-
sive of 6,920,4SS, the assessed
valuation placed on New Jersey
bank stock, which is taxed separ
ately. The increase in general as
sessments is the largest in the his
tory of the state, the figure of near
!y 4 billion being $277, 7,666,17S.S6
more than last year.
The average tax rate for the year
1922 is announce i as $3.561, an in
crease of $.121 over that of 1921.
Railroads pay this year total
of $9,047, ,459.5 So in taxes to the state,
on valuation of $254 ,070,754, the
average rate being $3.561. Besides
this, the roads pay $5,660,5S7.67 on
"Second-class" property, which goes
to municipalities, on valuation of
$160,16S,136 OF the grand total of
S163, GA ,939.45 of taxes raised this
year, by far the greater portion,
$135. 5.46S,S3 was levied by local
bodies. Poll taxes amounting to
$543,1S9 We're collected out of II
population of 3,155, 900 The total
exemptions of property from taxa
tion was $459,269,5 ,527, an increase of
$105,9S5,717 over last year. OF this
increase, however, $100,000,OO0 isl
for the Government Arsenal in Rar-
itan township, MiddleseX county.
The board declares that it has
had one of it's busiest years in the
matter of valuation appeals, having
heard 302 cases. OF these, 63 were
filed by Director of Revenue and
Finance Cannon, of Jersey City, 2sl
his answer to reductions and cancel
lations by the Hudson County Tax
Board. More appeals, according toj
the report, were received from the
taxing district of Jersey City than
any other district in the state.
The board comments on the first
year of it's functioning under the
1921 law giving it power to probe
county assessments and order in
creases where it found one county
Stacking its duty in the matter of
assessing it's property The report
declares that the law furnished the
board an instrument by which 1t
could keep in close touch with the
assessments in the various counties
as they were being made and by
which "a partial remedy could be
applied where results were unsatls-
factory" The board raised valua-
tions in Middlesex county $e,7S3,697,
on complaint of Union county and
those of $791S,051.50 in Morris
county on complaint of Essex.
OF the total of taxes raised this
year the following amounts were for
the purposes indicated: Municipal
$95, 500. .275.S4; county, Sz4,55l'-
740.30 state school tax, s9,775,O5l.-
O6; state road tax, $3,S39, 9,211 40;
state bridges and tunnels tax. ST.
019,39964; soldiers bonus tax,
S674,179.24; bank stock tax SS76,-
903.66; state taxes came to 1l.29
per cent of all taxes raised at local
rates.
Hudson county leads all others in
it's increase of ratables this year
which amounts to a jump of sS6,.
20 ,ZU4. vi lHlS diIlObiib F--'NN0'
600 is on second class railroad
property added by the state board.
The total valuation this year Is
1855, 5,626,310.
In Union county the Increase In
ratables is $12,478,675. total OF
valuation of $271, ,674. $40. OF the IN.
crease $5,000,O00 was in the city ot
Elizabeth as a result of the county
board in equalzing assessments IN
certain wards of the residential
districts.
Monmouth county's ratahles ad-
vanced S11.715,192 over a year ago
making a total of s141,036 0f3 as !
result of Investigations of the couh-
ty board Normal increases in At
lantic and Camden counties are re-
ported. The increase in MlddleseX
is s9.783.597, making a total as.
sessment of taxable ratables OF
s13S,344,S64.