Evening star., 1933-06-11
DISTRICT REALTY TAX RATE
REDUCED FROM $1.7O TO $3.50
New Levy, Effective July 1, Will Save
Property Owners $3,66O,OOO,
Reichelderfer Says.

the District. / later report in con-
nection with the preparation of the
District budget for the fiscal year 1885
will go into more extended considera-
tion and include the water fund and
the gasoline tax fund
I'm addition to the S28,111,434 OF
general fund charges in the District
bill for 1884. other charges must be
/ provided for under other laws. These
include one-half of the Freedman's
Hospital appropriation, S138,015: es-
| tinated amount required for refundine
enormously paid taxes, s35,000; amount
| permitted to be expended under ap-
preparation limitation for payment OF
| awards and expenses in condemnation
proceedings for the extension of streets
and avenues, $751; 900: estimated amount
necessary to supply the deficit in 1884
in the policemen and firemen's pension
fund, $4,000, and the estimated
| amount needed for settlements under
the act of February IL. 1929, payment
of judgments and possible deficiencies
| 100000. The total estimated charges
against the general fund of the District
for 1884 amount, therefore, to S29, 81 9, ,449
1.-THE estimated revenue availability
of the District for the fiscal year 1894
amounts to $31 ,0o5,000 This includes
$17,250, 900 to be derived from the tax
on real estate by the application of a
$1.50 rate to the total assessed value OF
taxable real property of $1,150, 900 900;
10000 900 from the tax on tangible
personal property to be raised from the
application of the $150 tax rate to an
estimated assessed value of S72 1000 900
81 ,875, 900 to be raised from the tax on
intangible personal property at the rate
of SIS per $1,000 of assessed value;
$1,800,000 as the estimated tax to be
paid on gross earnings and receipts of
public service corporations, banks, build
ing associations, etc, and $3,700,000,
representing the probable collections
from miscellaneous sources, including
the personal tax on motor vehicles,
penalties on unpaid taxes, beer licenses
and tax, fees, fines, business licenses,
etc.
These several items total $25, ,705 600,
and to this amount is added $500, 900
as the estimated release Of revenue re-
serve for unexpended balances of ap-
preparations, and S5,700,000 as the
Federal payment towards District ap-
preparations for 1884.
Reduced by Economy Act.
"The total estimated revenue avail
ability for 1884 Is $31, ,005, 900, and the
actual and estimated appropriation
charges for that year amount to S29,-
319 ,449, leaving surplus of revenue
availability over appropriation obliga-
tions of $1,685,5
I'm connection with the above sur
plus of revenue availability, it should
be borne in mind that the appropria-
tons for 1884 as carried in the District
appropriation bill for that year are re-
duced by $4,000,000 as the result of the
operation of the economy act Of March
20, 1888, imposing cut of Is per cent
in salaries and the denial of longevity
increases for school teachers, policemen
and firemen.
Another matter to be considered in
connection with the estimated surplus
of $1,685,551 in 1884 relates to emer-
gency relief. The District bill as agreed
to provides for this purpose in that year
81 300 600. According to testimony pre-
sented to the Senate subcommittee in
charge of the District bill, it would ap-
pear that this amount will be inadequate
to complete the fiscal year and that
anywhere from S750,000 to $1,000, 600
in additional appropriations will be
necessary If reasonably adequate work
of relief Is to be carried on by the
District Government. Should the con-
dition arise calling for this additional
sum, it will be seen that the surplus for
1884 would approximate from $500,000
to 100000.
'It should be emphasized that there
is a reduction in the assessed value of
real estate for 1884 as compared with
the total of 1888 of $80,000,000. In
1888 the total assessed value of real
estate was 1929 ,359,566. The esti-
mated real estate assessment for 1884
is $1,150, 600, 600, reduction of S79,-
359,566. This reduction in assessment
values at the rate Of $1.70 represents
saving to the taxpayers of 81 ,360, 900.
The estimated assessment of $1,150,-
1000, with the reduction of the tax
rate of S1.50, represents saving to
the taxpayers as compared with the
$170 rate of $2,300,000. For both pur-
poses the savings to taxpayers totals
So, 100000, and this, based on the 1888
real estate levy, is equivalent to
saving to the taxpayers of 17h per
cent.
ION tangible personal property the
estimated assessed value for 1884 is
$72,000.00c. The application Of a S1.50
tax rate, as against the tax rate of
$170, means saving of $144 ,000) to
taxpayers, or the equivalent of IL per
cent.
Assessment Reduction.
'It is the opinion of the assessor of
the District of Columbia at this time
that further reduction of about $780,
100000 may have to be made by him
in the assessed value of real estate for
the fiscal year 1885.
"The total appropriations for 1888
payable from the general revenues of
the District of Columbia, including
permanent and indefinite items, amount
to $39,698,836. This total Is subject
to reduction through savings arising
under the economy acts of June 80,
1882, and March 20, 1888, of $2,550 900,
making the net appropriations charge
able to the general fund of the District
(some of the items still estimated at
this time), $37,148,836.
"The revenues of the District of Co
lumbia for the fiscal year 1888, based
upon actual collections for IL months
of the year and estimated collections
for the month of June, 1888, total $27,-
791, ,119, made up of the tax on real
estate, $19,500, ,420; tax on tangible per-
sonal property. including the tax on
.sEh WATCH
tla6E:CzHb REPAIRING