Evening star., 1922-07-18
TAX ASSESSMENT
IN DISTRICT BEGUN
. ON FULL VALUATION
Annual Levies Will Be
Placed on so Per Cent
Increase.
OLD FIGURES TO BE USED
AS CALCULATING BASIS
Rate on Realty This Year Prac-
tically Equivalent to Year
Before Last.

before Last.
Decks are cleared for action at the
District building for the annual tax
assessment. following a conference
yesterday between Commissioner Ru-
dolph, Auditor u. J. Donovan, Asses
sor w. p Richards and Collector of
Taxes C. NJ. Towers
In assessing property to the full
value, it was decided at the confer
ence, the former two-thirds assess
ment valuation will simply be in
creased by so per cent of its own
figures, thereby giving 100 per cent
assessment based on the figures which
were made during the last biennial
assessment of the board of appraisers.
This assessment holds good until the
close OF the current fiscal year. when
new appraisals will have been COM
pleted and new assessed values pre-
Sented
To BE Based on Old Figures.
Assessor Richards said today that
as far as was humanity possible the
property of Washington taxpayers w
to this time had been assessed at
assessments on which the new tax
rate is based for real estate will be
simply 100 per cent valuation of
property based on the figures now in
his Office. Therefore when a man
owns a home whose previous assessed
valuation. was S6.667 under the old
two thirds assessment plan. the fig
ures will simply be changed by add
ing one-half of this amount to itself,
bringing the total to $4,000.
The District tax rate on realty this
year is practically equivalent To the
tax rate of year before last, when il
was set at s1.95 per 500 worth of
property assessed at two-thirds value
The present tax rate of Sl.30 per 500
worth of property assessed at full
valuation is the exact equivalent of
the former rate. it was declared by
Assessor Richards. II means a slight
increase over the tax rate of last
year, as was announced some weeks
ago when the new figures were hand
ed out.
Total Appropriations.
The total appropriations of the Dis
trict for the fiscal year 1922. just
closed. amounted to s24.49s.fs2. OF
this amount the sum of sl4.6e6. 4eo1s
was charged to revenue Of the Dis
:rict of Columbia.
The total appropriations for the
District for the year of 1923. which
has just started. amount to S23,52l.-
$780, of which S1i.21S.6i1SS is
chargeable to the revenues of the
District In addition to the last
named amount. however. the District
will have to provide a portion of the
necessary amount to put the govern
ment on cash paying basis by July
/. 1927. Using the present appropria-
tion totals in determining that
amount and assuming the payment
of all taxes in two installments. one
in November and the other in May.
the further sum of 100000 must be
raised in the five years. Wherefore,
an additional 100000 is tackled onto
the amount the District must raise
during the fiscal year 1923. bringing
the total tax levy to meet all charges
up to s14.S1s.64l.sS. as compared with
the sum of S14,696.490.1S of last
years levy.
Estimated Revenue.
The estimated revenue of the Dis
trict for 1928. coming from sources
other than real estate and tangible
personal properties. is s4,350, ,50S.S5.
leaving s10.46S.113.O3 to be raised
upon assessment at full value of real
estate and tangible personal property.
The application of the Sl.30 rate for
each of these types of taxes viii pro-
duce the required sum, according TO
Auditor Donovan.
1t must be remembered that 40 per
cent of certain miscellaneous items of
reuop,,o Surb Police Court fines
and other similar sources of revenue.
will be retained by the United States.
clipping about S4s0.0OO more from
money which otherwise would accrue
to the District credit. This amount.
necessarily. will have to be raised in
another way.
The net result of the raise in in
tangible personal property taxes
fro mthree-tenths. of ] per cent TO
five-tenths of l per cent and of the
fall in the tangible personal property
from s1.Se per 500 to s1.30 per S100
will mean the addition of s22S,00O
to the revenues of the District. To
explain more fully. the increased rate
of the intangible personal taxes Will
bring s670,000 additional into Dis
trict Golfers. but through the net re-
duction of the tangible tax $4,000
will flow out.
Realty Taxes.
AS 1dT dS ldANs Sor uiihe
the last fiscal year at the rate of s1.S2
per s10O worth of property exactly
sS,60S, 500 was raised. with the two
thirds assessment value holding good.
This year at a rate of s1.30 per 500
under full assessed valuation. approx
imately $s.555.Oo0 is expected, an in
crease in realty taxatation of s945. 400.
1t is finally pointed out that were
1t not for the fact that miscellaneous
receipts of the District were cut s4s0.-
600 by the District bill, this money
going to the United States, and il the
necessity for raising 100000 to place
the District on a cash basis in hve
wears were removed, the figures for
this wear would II anything be lower
than last year.
| The Districts share az appropriations
for 1921-1922. amounted to 1885,
I9O.78. This left a surplus from a.
| 6599963 raised by all taxes last
year of 159.508.S5. This surplus is
carried forward and becomes credit
to the District, in the fiscal year 1923.
| It lessons somewhat of the burden
on realty taxpayers, and the money
raised from the revision of the per-