The Waterbury Democrat., 1946-01-10
Jenks, Horan Glue
 Delegates Ans1Ders
(Continued from Page D

(Continued family homes have in the last few years, on the other hand, proven to be quick sellers.
 "They are quick sellers because of demand and they are profitable sellers because of you people" the assessor told the delegates. You have made this present, fair market value by your sales and purchases, l as an assessor, do not create that value, I only interpret it."
 Speaker Heckled
 At that point few heckled the speaker. He turned to MT. Taylor and asked if he was there to be heckled or to participate in an or derly session. MT Taylor, who earlier had asked for decorum and for no personalities being injected into the session, called for order.
 The Assessor then spoke on the law referring to section l149 of the General Statutes relative to the present fair market value. He told of as industrial mercantile and resi- dential property. Improvements he termed as anything added, attached or fixed to the land.
 MT. Horan gave @ numerical breakdown on mileage rates and Grand Lists as related to the city's budget in an endeavor to show what the revaluation meant to the city.
 He declared it was possible that the city's Grand List might well be $235 million dollars instead of the $2l5 million now estimated. He declared that if the revaluation had not been undertaken, the city's tax rate may have increased to 32.53 mills to provide the city's 1946 over all budget needs of $6,872,5l9 The tax rate was reduced this year by 1.25 mills to 2875).
 May Be Cut Again
 Because the Grand List may ln- crease to $235 million instead of the $2l5 million, upon which budget esti- mates were promised, it is possible, MT. Horan said, that the city's tax rate may again be reduced this year. this time to 26.3 mills.
 Using these probables as examples he outlined what it would mean to owners of a one-family home whose original value was $4,000 and now is $6 1000; and a two-family dwelling with original value of $7,500 which has been raised to 5000.
 A $4OOO valuation at the l945 rate of 30 mills would tax the owner $l2O annually. The same value, if the revaluation had not been undertaken and the tax rate increased to 3253, would cost the owner $l30.l2. If the new revalua- tion of the same property resulted in an increase to S6.000, the tax at the current rate of 28.75 mills would be $17250 while the same new value with potential reduced tax rate of 26.3 mills would cost the owner $l57.80 annually.
 By the same reasoning, MT. Horan used the figures for hypothetical two-family house in the following manner:
 Old value-$7,5OO x 30 mills equals $225 annual tax; s7,5O0 32.53 mills equal $243.97 value; revalue-$9 900 X 28.75 (current rate) equals $258.75 tax; 5000 x 26.3 potential rate) equals $236.70.
 Warns Against Nttacks
 MT. Taylor, who was chosen as temporary chairman addressed the gathering previous to the question and answer period and asked that no personalities be injected into the meeting and no "individualism" either.
 we are gathered as representa- tiVes of the city. Let us conduct ourselves as an entity, and be good citizens" he said.
 Attorney Auray asked numerous questions of Mir. Horan (and Mir. Jenks). The following are those, set out in question answer form, which Mr. Auray asked of MT. Horan.
 Q-Who recognizes the cost fae- tors which you use in determining the reyaluation?
 A-They are generally recognized by all throughout the nation.
 Q-How about the variance in contractors estimates on house which may vary up to $500. Are these considered by you in your estimates?
 A-Yes. However, there are good cost estimators and bad. Various other factors enter into such a c0n- sideration.
 o-HOW do you compute depre- ciatiOn.
 A-By means of 3 classifications: physical depreciation lweaF but and the like); functional depreciation ut-of-dateness, excessive size, poor layout, etc): economic depre- clatIOn, bad market, etc.,
 Q-Are improved sewers taken into consideration on the validating of a nearby house.
 A-Yes. At an estimate of about @ and @ per foot; also improved sidewalks. as well as unaccepted streets and the like ell are reflected in our eEtimations.
 Q-How about property which Is away from such facilities as schools, churches. stores etc and the center