The Monmouth inquirer., 1922-09-07

was levied on an assessed valuation Of
S254 ,07O, 754, at the average rate OF
SO .561. This represents an Increase in
tax Of S318.093.14. The tax levied by
the board on what is known as second
class railroad property amounted to
So. $3.50, ,5S7.67. This was levied on a to-
tai valuation of $160,16S, 1876 and repzs
resents an increase in tax of $l.276yN
476.13. The board levied a total fran
chise tax on the capital stock Of mis-
cellaneous corporations Of SS,033.-
O41.74.
In it's appellate capacity the board
has had one of the heaviest years in
it's career In addition to appeals from
assessments on first and second class
railroad property, franchise taxes on
miscellaneous corporations, gross re-
ceipts taxes. etc, there were 3O2 APP
peals from local assessments for the
year 1922 filed with the board.
There were AZ appeals filed by resi-
dents of the borough of West .Cald-
well, Essex county. In this taxing dis
trict the county board ordered a reas-
sessment, which resulted in a substan-
tial increase over the assessment made
by the assessor of the borough. The
taxpayers then appealed to the county
board, and AZ of them, not being satis-
fed with the judgment Of the county
board, appealed to the state board. In
these AZ cases the total amount of the
assessments involved was S361.9 900,
which the county board reduced to
S27S. 800. The state board granted
only slight reductions, the total amount
as determined by it being $269,S90.
Hudson Leads on Appeals
Appeals from local assessments
come ancipally from the counties OF
Essex and Hudson, with Hudson in the
lead, more appeals coming from the
taxing district of Jersey City than any
other district in the state. Most Of
these appeals are from assessments
levied on homes, although there have
been number, involving large
amounts of money, on railroad and
water front property.
The total tax on bank stock of the
state amounted to $s76.90S.66. This
tax was levied by the county boards Of
taxation at the rate of three-quarters
of i per cent on a valuation of $116.-
92O4SS.
In the following statement are
shown the total amounts of taxes lev
led in the state for various purposes
by local assessors, county boards and
the state board for the current year,
In the case of franchise taxes on mis-
| cellaneous corporations and the state
| tax on life insurance companies the
taxes for 1921 are given, the figures
for this year nos being available at the
| time of making the report.
Levied by local assessors: Road
taxes, 1888, ,211.45; state school taxes,
S9,775, ,O3lO6; soldiers bonus taxes,
| 1914, 1924; bridges and tunnels taxes.
ST, ,O19. .399.64; county taxes Exclusive
of counties quota of bank stock
taxes), $24, ,551, ,740.30; taxes for local
purposes Exclusive of municipalities
quota of bank stock taxes), $95,609,-
i 275.S4; total taxes raised at local
rates, $135. .46S. .S37. % poll taxes, s54S,--
1S9.
Levied by State Board of Taxes and
! Assessment 1dN Ol mann stem, LdhSl-
BILE personality and franchises of rail-
road companies, $9,047, 1888; fax on
second class railroad property, $780,
587.67 franchise taxes on capital
stock of miscellaneous corporations,l
S3,033, ,041.74: state tax on life insur-
ance companies Incorporated in New
Jersey. 1922, ,573.79; franchise taxes on
gross receipts of public utilities occu-
pying public streets. $5,024, 4,601.S3 ;
taxes lin addition to franchise taxes)
on gross receipts of certain utilities,
s., ,167, ,744.70
RatabIe Totals by Counties
In the appended table are shown the
net taxable ratables for this year with
the Increase or decrease in each coun-
ty:
Net Valuation
III Tra aea