The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1947-07-15
GandolN StaEs
Assessments Not
Out of Line Here
kPROTESTS STATEMENT
MADE CONCERNING
HIGH ASSESSMENTS
IlN MONROE

NAEHtEHAA
Gandolfo said today that asses.
ments in Monroe county are no
higher than other sections of thc
state, and he took exception g.
statements about reducing asses
ments for some persons.
Gandolfo directed his word -
Sam Kay. president Of the Atlas
Investment Company, owners ri
Casa Marina Hotel. over benz
dissatisfied with efforts 10 have
the hotel assessments rcducpn
and for asserting that investment
money would not flow toward
Key West because Of the high
assessments.
Kay was quoted as declsrtna
that the $250.O 900 theater on ~
val and Eaton streets might nsi
go forward at this time beCsu.v
of the fear of high assessment
One hundred per cent asses
ments are giving the State lsif
and equal assessments and et
eryone is paying hts full shalr
OF taxes under his policy. Gan
ClolfO said.
The law does not ssy that tlie
tax assessor may assess Tire large
property owner 90 per cent ~
the value Of his property and
assess John Jones. the hstie
fellow. 100 per cent bccawse Julan
Jones does not have Tea uil
lion to hire high priced lawyers"
said Gandolfo.
THE big fellow slway wants
more than his share and 81 sl
ways trying "a scare ihr psni
ltax assessor about court Niiu1t.
land he will not de- va ard ~ ASA
less the city council. tae gu4a1
POI county reconnaissance -
lgivc him everything hc &an'
regardless " the either fellow
has to pay more than rs haff
II attended the Citv tuisH :
meeting when thcv we've sitifr-
As a board If caualisst pn aaf
Mr.. Kay did not ask t0r r'a
Sonable reduction on his ar
iment. bat IN no uncertain #nf.
demanded ~ that hod, thsi fr
wanted ~ much else
TO the public who dn u
keep up with assessment
want Ia state that the Atls D.
vcStment Company hss ieren'
~ purchased property alone {"
the servants quarters nral th"
Casa Marina at double the pfi'f
= = they properties are assessed
for.
Also Casa Marina wstCru anf
Is assessed today ~ $40 . front
foot and that recent sahs nn
South Beach have been ss hi4h
"A 5000 a front foot The Dot H
the Casa Marina are assctass'd 4'
81 900 and all through AWt"iiH
Towers section they are co'"
handing $4,000 and better "a lni
The Casa Marina was built ''
= cost of over ~ 600 600 ami :"
dav would cost 81 sou 900 e.
build. At the depreciation -
lowed by the government and ~
the assessing agencies - co"''
not have deprecated less 81
$500 600. but the actual fisure
have placed against th" pfopef'
IS $500. 900 fnr the bulidlnas.
Someone though, a was A"'''
more than $1,000 when th"
Gulf Life Insurance t"H"tnt
loaned Sl75.00O against thr 1a.'
Marina. No company loans m1n
cv on this basis unless thc val'.
Is there A board oi aUpl tieffs
H. get this loan approved ~" ~.
tel properties at close g. 81 .o''o
900
Il am not IA accord ~i'h 3
statements m vuut papct ahrH
IN, states high assessment a."
the reason why he is MT nt'
ing elsewhere ~ the C.iN l
law SAYS that al property h'
b, assessed AZ 100 per cent of '''.
>aluc and | am sure. 81 t"i"F
rr,res. instead 81 having So
600 900 tax roll Ne could have
s44 900 600 Real estate F 1909
a,clining bat 6, gnlng up snd o..
100 per cent assessment u'I
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