The Monmouth inquirer., 1922-09-07
Aggregate Of $163,644,939 for
1922 Greater by $17,58O,842
Than in Any Previous Year.
LOCAL TAXES EXCEED COUNTY
These Figures Are in the Annual Re.
port of the State Board Of Taxes
and Assessments Just Filed
in Trenton.

of $163, GA, ,93945, which Is aS17, $780,
1926 more than has, ever been paid
for similar purposes in the history of
the state. These figures, shown in the
annual report of the State Board of
Taxes and Assessment for the fiscal
year ending June 30, include state,
county and municipal taxes levied by
local assessors, county tax boards and
the state board.
The report indicates an enormous
increase over last year in taxes on all
classes of property. Valuations and
assessments have been increased and
tax rates raised to keep pace with the
rapidly growing budgets. The average
tax rate for the current year is S3.56l
as compared with $3.44 for 1921, rep
resenting an increase of 121.
OF the aggregate to be raised by tax
alton S135, ,46S, ,S37. 50 is assessed at lo-
cal rates. This is an increase of $14,-
| 143,869.21 over last year. Poll taxes
aggregating $543, ,1S9 were levied upon
population aggregating 3,155,900.
Total taxes raised by various methods
through the state board amount to
$26, ,756,00926 or an increase Of $3,-
351, ,913 over last year.
Total exemptions aggregating $780,
$780, ,527 show an increase of $105.9S5,-
III over last year. Most of this, how
ever, was represented by an exemption
of $10O,000,00O, this being the book
value of the Raritan Arsenal of the
| United States government In Raritan
township, Afiddlesex county. This val
uation was adopted by the assessor of
the township.
Exclusive of bank and trust compa-
4 ny stock, taxed separately, the assess
ed valuation of real and personal prop
erty subject to local taxation this year
in the taxing districts amounts to $3,-
797, ,507. .447.11. This represents an in.
crease of $277, $3.50. .17S36 in the states
ratables, which also establishes new
high record.
Essex Increase $54,232,8 ,829
With a total valuation of $S77, ,S79,
S51. Essex county showed an increase
of So, ,232, ,S29 for the year. OF this
amount approximately $42,O00,000 was
on real estate and $12,000,00O on per-
sonal property The largest single in
crease in the county was in the assess
ment against the Prudential Insurance
Company in Newark, the Increase for
one year being $7,400000.
Another reason attributed by the re-
port for growth in Newark was that
land values in the vicinity of Broad
and Market streets were materially in
creased to place them on parity with
the values established by the state
board in the appeal involving the prop
erty of the Proctor Theatre In Market
street. Revaluations in Millburn,
South Orange village and Caldwell bor-
ough helped in the general county in
crease.
It is remarked that during the year
the county board succeeded in having
introduced the National Used Car Mar
ket report for the valuation of auto
mobiles. Only few small districts in
Essex are not using this publication as
the standard of value.
East Orange showed an Increase of
practically $6O00,000, which is similar
to that of last year. This is attributed
TO the continued erection of large, high
class apartment houses in East Orange
The values in that city were also en-
hanced by the elevation and relocation
of the Lackawanna tracks.
Hudson. county, with total ratables
of 1856, ,626,310, showed an increase of
| SS6, ,237, ,204 over last year, this being
the largest increase in the state. 1t is
accounted for principally by the action
of the state board in raising the valua-
tion of railroad and shore front prop
erty generally. The state board added
| 500 100000 to the valuation on second
class railroad property. There was
/ also a substantial increase in Jersey
/ CITY in addition to that upon railroad
property, resulting from complete re-
/ assessment. in which values were ad-
vanced by rules giving uniform in
creases within each locality.
! Total ratables of $3.50, 1882, ,543 in Mer-
| Ger county show an increase of $25,v
142,154 over last year, of which $21,-
| 41O663 is in this city A practical re-
assessment of all property here was re-
sponsible for the increase.
Local Taxes Exceed County
OF the total taxes of $163, ,644, ,939 40
| raised in this state by far the greatest
proportion, $95,609, 1854, is for local
or municipal purposes. The next larg-
| est amount, $24,551, ,74030, is appor-
toned for county purposes. The other
items of the apportionment are: State
school tax, $9,775,031 06; state road
tax. So, ,S39,211.45; state bridges and
| tunnels tax, $1,019, ,39964; soldiers
bonus bond tax, $674,179.24 bank
stock tax, s876,90S.66. OF the total
taxes the sum raised for state pur-
poses, such as road, soldiers bonus
bridges and tunnels and including
state school taxes, amounts to 11.2s
i per cent Of all the taxes raised at 10
cal rates.
4 The tax levied by the state boart
on the main stem, tangible personalit,