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omparison of assessed valuations with actual sales for the years 1938–40 and 19.45–47, also the assessed valuation for 1948—Continued

APARTMENT HOUSES (8)

1938-40 period

Square

Lot

Year sold

Year

sold

42 (N).

29.

1946 1945

2570

815. 822 804. 11 48. 45. 59

1940 1938 1938 1940 1938 1940 1940 1938

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1946 1946 1945 1945 1946 1946

3936 1807 2661

Total.

RESIDENTIAL PROPERTIES (175)

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1945-47 period

1948 assessment

Assess-
ment

Sale
price

Assess-
ment

Sale
frice

$88, 453
127,000
249, 989
77,087
52, 063
58, 730
73, 250
76, 156

$60,000

80,000
225,000
70,000
50,000
75,000
59, 650
55, 000

$72, 453
102,050
234, 989
72,087
50, 063
60, 596
66, 250
60, 170

$108,000
145, 000
263, 500
110,000
50,000
89,000
79, 500
121, 000

$75, 453
126, 250
236, 989
75, 087
50, 063
60, 596
66, 250
70, 170

802, 728

674, 650

718, 658

966, 000

760, 858

$7, 167

9, 882 14, 720 5, 390 8, 943 13, 871 19, 675

7, 952 14, 300 29, 665 38, 274 37, 224

4,024
21, 856
10, 325
6,300
3,884
6, 665
6, 703
4,052
11, 941

9, 340
11, 518
2, 138
3,028
4, 103
6,028
4,830
5, 244
4, 026
4,378
18, 670
1, 941
2, 229
8, 656
4, 782
3,050
1, 607
4, 554
3, 688
3, 922
5, 213
2, 250
3, 471
4, 144
5, 209
4,887
4, 473
1, 661
1,987
5, 584
1, 365
2, 868
11, 520
1, 668
3, 926
2,985
4, 040
5, 650
3, 588

$9, 250
12, 500
12, 000
5,000
8,000
14,000
12, 500

8, 830
10,000
21, 500
35,000
27,500

4,000
16, 500
10,000
4, 600
4,000
8,000
8,000
4, 800
13,000
7, 650
7, 800
2, 300
4,800
4, 750
6,000
5,000
4,000
3, 400
5, 300
16,000
1,650
3,000
6,000
4,800
4, 700
1, 900
5, 500
3,700
8,000
4,000
3, 250
4, 600
6,500
6,000
5,000
4, 200
2, 250
2, 400
4, 900
1, 100
3,000
15, 500
2, 000
8, 250
3,000
3, 900
7, 500
5, 250

$7, 167

9, 882 19, 720 5, 390 8, 943 13, 871 19, 385

7,952 14, 600 23, 699 33, 663 30, 296

4,024
21, 856
10, 325
6, 300
3,884
6, 665
6, 703
4, 652
11, 941

9, 340
13, 271
2,132
3,028
4, 303
6,028
4,830
5, 244
4,026
4,375
18,670
1,941
2, 229
8,058
4,009
3,050
1,607
4, 554
3, 688
4,122
5, 213
2, 455
3, 471
4, 144
5, 209
4,887
4, 473
1, 661
2,057
5, 584
1, 565
4, 328
12, 984
1, 802
7. 710
2,985
4,040
5, 650
3, 588

$20,000
14,500
34,000
10,000
27,500
17,500
23, 500
17, 700
17, 700
47,000
42,000
38, 500

9,000
34, 500
14,000
11,000
7,950
9,000
13, 500
11,000
28, 000
14, 500
22, 500
5,000
6, 500
7,500
10,000

7, 500
12,000
7,000
7,000
30,000
2, 307
7,000
19,500

5,500
10, 500
3,000
7,345
5, 950
8, 500
8,000
4, 525
4, 340
8,750
14, 500
6,500
6, 250
2,500
5,500
10, 500
3, 400
5,000
15, 500

4, 250
14,500
4,500
6,000
10, 500
8, 500

$8, 434 12, 548 23, 956 10, 836 13, 026 16, 764 19, 385

8, 652 16, 000 27, 665 37, 263 30, 596

4, 224 24, 856 11, 725 6, 600 4,384 7, 465 7,543 5, 192 12, 941 10, 100 12, 018 2,352 3, 268 4, 743 7, 188 5, 270 5,364 4, 346 4, 718 22, 242 2, 101 2, 529 9, 038 5, 518 4, 478 1,827 4, 994 3,988 4, 582 5, 613 2, 715 3,931 4, 584 5, 749 5, 427 4,833 1, 901 2,357 6, 184 1, 785 4,848 14, 544 2,042 8, 710 3, 566 4,640 6, 470 4,048

743 (N)

的研们说洲

('omparison of assessed valuations with actual sales for the years 1938-40

1945–47, also the assessed valuation for 1948-Continued

RESIDENTIAL PROPERTIES (175)--Continued

1945-47 period

Lot

Year sold

Assessment

met

Sale price

803 810 814.

6, 2.

4.5.

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30. 31 800. 86 384. 822 829 17 818 17 820 821 807 143 800 -801 187 96 to 99 29, 30 33 to 36 79 127 392 370 324 434 15 142 23 813

2.

12.

5,

815

37 43 803 10, 11. 7 70

1939 1938 1939 1940 1938 1939 1938 1938 1938 1938 1939 1940 1938 1938 1938 1939 1938 1938 1338 1940 1939 1939 1939 1939 1940 1910 1939 1940 19:39 1939 1938 1939 1939 1910 1939 1910 1940 1940 1939 1939 1940 1938 1938 1939 1938 1938 1938 1940 19.10 1910 1940 1910 1939 1938 1939 1938 1939 1910 1938 1939 1940 1910 1939 1910 1939 1938 1910 1938 1939 1938 1939 1938 1940 1940 1938 1940 1938

$5, 841 3, 231 2, 449 3, 146 3, 422 4, 162 7, 720 6,053 4, 116 5, 267 2, 712 5, 716 1,939 3, 498 2, 231 2,115 4. 100 2, 708 2, 412 2, 702

3, 074: 10, 208 7, 904 7, 168 3,073 5, 431 4, 493 4,820 4,722 3, 565 14,068

$6,500 7,000 4,000 8,500 4, 250 9,000 15, 500 10, 500 10,000 13,000 9,000 9, 500 $, 500 8,000 4, 500 4, 500) 7.000 4, 750 6,650 8.000 5, 750 12, 800 19,000 15,000

7,500 12,500 13. (100 10.000 8,000

10.

58, 800 79 814. 35 23 17. 30. 13. 20 54 9 14 6. 56. 58. 9. 16. 57 802 42 66

13

1938-40 period

Square

Year

Assess-
ment

Sale
price

sold

$5, 841
3, 231
2, 449
3, 146
3, 402
4, 262
7, 720

i

6, 253 4, 116

16. 3

12. 20.6

7.50

15, 16 13.62

784.
805
812
819
823
831
833
834
855
904.
913
915 (8)
926
931
945.
945
971
1003
1028
1028
1029
1017
1058
1071
1075
1077
1296
1296
1298
1301 (E)
1318.
1351
1368
1408
1410
1419
1446
1471
1192
1517
1549
1563
1570.
1743
1800.
1864
1866
1872
1874
1876
1912
1933
1933
1935
1966.
1975
1985
1987
1989
1992
1998
2006.
2021
2073
2103
2111
2200
2258
2294 E
2349.
2353.
2356
2363
2513.
2528
2536.
2536

5, 287
2, 712
5, 716
3, 260
3, 498
2, 231
2, 157
4, 100
2, 708
2,402
2, 702
3, 074
10. 208
7, 904
6,168
3, 173
5, 431
4,493
4,377
4, 722
3, 565
13, 037

6, 846
10,030
17, 461
6,393
3, 571
14, 588
11, 561
7,076
9. 508
11, 010
8,875
9. 886

9,636 15, 402

9, 247 11, 755 11, 622 10, 763 12, 051 11, 747 12, 400 15, 338 14, 611

9, 625 14,732 6,821 6, 523 8, 475 9, 375 9, 236

993
8, 570
15, 015
16, 010
10, 109
47, 004
17,334
6, 960
9, 490
11,981
8, 978
8. 472
5, 541
27, 420
11, 506
21, 176

$4, 950
3,750
3, 100
3, 500
3,000
5, 500
7, 500
6,000
4,000
5, 500
3, 450
5, 600
3, 750
4,300
1,500
1,500
4. 900
2, 750
3, 250
3,000
4, 100
10, 800
10,300
6, 500
4, 200
6, 350
6, 950
0, 500
5,000
4, 250
17,000

9, 200
15,000
20, 650
6, 350
4,750
17,375
15. 500

8, 800 13, 500 14,850 11,950 11, 750 12, 635 22, 500

9,000 10, 250 11,500 10,000 11,000 10,950 11, 500 15, 100 14, 500 12, 950 18, 250 9, 250 9, 250 9, 350 12,500) 8,550 5, 950 9,000 11,000 17,500 11,500 45, 900 23, 500

9.950 13, 750 13, 850 12, 750 12, 500

6.000 32, 500

8,500 15, 000

1946 1946 1945 1946 1946 1946 1946 1946 1946 1945 1946 1945 1916 1946 1945 1945 1945 1945 1945 1916 1946 1945 1915 1946 1916 1946 1916 1946 1945 1946 1916 1945 1946 1945 1946 1945 1945 1946 1946 1945 1915 1946 19:15 1945 1945 1945 1946 1916 1946 1945 1945 1945 1916 1945 1945 1945 1945 19.16 1945 1946 1945 1946 1945 1946 1946 1946 1946 1945 1946 1945 1945 1946 1946 1946 1945 1946 1945

7.381 10, 767 17, 461 6, 493 3, 665 15, 733 11, 561 7, 455 9, 676 11,018

9, 070 10, 117

9,636 16, 103

8, 847
10, 555
10, 822

8, 109
11, 793
11, 147
12, 400
15, 338
14, 304
10.075
14. 358
6, 821
5, 651
7.614
9,379
8,874
5,993
8, 570
12, 253
15, 518
10, 109
46, 704
33, 500

7, 260
10, 584
11, 736
9, 619
9,729
5, 541
27, 420
11, 906
18,385

1,500 30,000 15, 250 25,000 29,000 19, 000

6, 250 28,500 32, 500 19,000 19.000 22, 500 24,000 18,750 19,500 32.000 16,000 25,000 18,000 16, 500 21, 500 25,000 18, 500 28,000 24, 500 19, 500 27.500 12, 600

9,000 13, 750 28, 500 16, 500 12,000 12, 250 21,000 25. 500 19.000 65,000 20,000 14,000 19, 450 15,000 11, 500 26,000 16, 000) 44,000 21, 500 19, 500

11.376 12. 814 10. 61 11. SI 11. 13 18.03 10.17 12.17 11,9 10,90 13, 533 126 13.90 17. 13 16, 114 11,775 16. 555

7,921 6,611 8,754 10. 879 10, 174 6, 853 9,370 13, 453 17, 575 11, 529

35.

18 182 82 S02 3. 14. 284 15 801

19, 734

& 12, 224 13,576 11, 104 11, 314

6,241 31. 47 13.36

21,385 6, 025 10, 500

1

womparison of assessed valuations with actual sales for the years 1938-40 and

1945–47, also the assessed valuation for 1948—Continued

RESIDENTIAL PROPERTIES (175) --Continued

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11

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1939 1938 1940 1939 1939 1939 1939 1940 1938 1940 1939 1940 1938 1940 1938 1938 1938 1938 1939 1938 1938 1939 1940 1939 1938 1938 1938 1938 1939 1938 1939 1938 1938 1938 1938 1938 1939 1940 1938 1938 1938

278

2787 !

2796 2801 2866 2972 2955 2980. 3000). 3023 3026 3037 13083

3105 3106 3111 3113 3124 315 3822 3829 (W) 3994 4409 471. 4473

$6,714
2, 167
7,377
9, 474
9, 263
23, 526
8, 040
8,833
5, 560
27, 216
8,887
8, 076
8, 040
9, 680
7,097
10, 490

6, 979
12, 628
6, 500
3, 462
5,774
6, 380
7. 500
1, 841
4, 700
4. 194
5, 20
3, 810
6, 512
4, 294
4, 683
1, 435
8,552
5, 623
5, 047
3, 968
3, 319
5, 284

919
5, 136
5, 039

$6,500
2,875
9, 750
10, 750

8, 737
20, 800
8,000
8,750
4, 500
25, 500
12,000
10, 100
10, 500
9,000
6, 500
9,500
7, 450
14,000
6, 750
5, 250
5, 200
5, 000
8. 000
2, 350
4, 200
5, 750
5, 850
4, 425
5, 900
4, 500
7, 250
4, 500
12, 000
7, 950
4, 700
4, 250
5, 000
6, 950.
1,000
8,500
6, 500

1946 1946 1945 1946 1945 1945 1946 1945 1945 1945 1946 1946 1946 1945 1945 1946 1946 1946 1945 1946 1945 1946 1946 1946 1946 1945 1945 1946 1946 1946 1946 1946 1946 1946 1946 1946 1946 1946 1946 1946 1945

$6, 914
2, 167
7, 377
9, 474
9, 263
23, 144
8, 040
8, 833
5, 560
27, 216
9, 304
8, 076
8, 248
9, 680
7,097
9, 490
6, 979
12, 628
6, 500
3, 462
5, 576
5, 383
7, 560
1. 844
4, 700
4, 494
6, 120
3, 810
6, 512
4, 956
4, 683
1, 435
8,532
5, 623
5, 385
4, 317
3, 559
5, 284
1,011
5, 304
5, 632

$13, 500

8, 350 14, 750 11, 500 17, 500 35,000 17,000 15, 750 10,000 28,000 17,000 19,500 20,000 13,000 14,000 19,500 17,000 24, 500 13, 500 11,000

8, 450 15, 000 18,500

6, 500 11, OCO

7, 750 10,000

9,000 11, 500 11, 500 12, 500

9,000 21, 500 14, 000 12, 000

6, 500 10,000 14,000

2,500 14.000 12, 500

$7,954

2, 427 8, 577 10, 934 10, 763 26, 704 9, 120 9, 953 8, 480 31, 816 10, 904 9, 476 9, 648 11, 580

7, 997
10, 730

8, 239
14, 528
7, 540
4,022
6,816
6, 980
S. 420
2. 064
5, 400
5, 174
7, 020
4, 390
7, 532
5, 556
5, 543
5, 245
9. 972
6. 583
6, 365
4, 917
4, 159
6. 224
1,011
6, 264
6, 572

34.

56.
31
111
70
44
58
31
816
12
13
30
174
138
82.
12
162
2. 3
9.
2

5608

6148 6149

[blocks in formation]

1939 1940 1939 1939 1940 1940 1939 1938 1938 1939 1939 1939 1939 1939-40 1938-39

1939 1939 1940 1939 1940 1940 1939 1940 1939 1940 1940 1940 1940

$14. 250
52, 400
90, 782
79, 325
75, 204
59, 960
17, 400
42. 048
76, 252
47, 534
11, 518
22, 558
26, 586
38, 950
110, 318
17, 406
29, 665
16, 480
21, 856
24, 600
23, 431
51, 344
17, 448
10.325
6,604
7, 925
5, 402
13, 498

$12,000
36, 500
74,375
82, 000
54, 000
40,000
12, 500
49, 800
85, 000
41, 500

7, 800
16, 800
32, 000
30, 750
97, 000
24, 000
21, 500
15, 250
16,500
25,000
17,000
44, 300
21, 500
10,000

1945 1945 1946 1945 1946 1945 1945 1945 1946 1945 1945 1946 1945 1945 1946 1946 1946 1946 1945 1945 1945 1946 1945 1946 1945 1946 1946 1946

$13, 200
52, 400
75, 930
55, 125
65. 325
59, 960
16, 480
42, 048
76, 252
40, 445
11, 518
21, 213
23, 655
30, 244
110, 318
17, 406
23, 699
16, 480
21, 856
24. 600
23, 251
74, 070
17, 448
10, 325
7, 004
9, 625
5, 420
13,498

$18, 750

47,000 130.000 165,000 125, 000 75,000 17,500 62,000 87, 500 60,000 14, 250 25, 500 35,000 45, 000 190,000 44, 500 47, 000 26,000 34, 500 29, 000 35,000 100, 000 25, 000 14, 000 12, 500 19,000 14,000 25,000

$13, 700 44, 920 94, 450 110, 250 85, 269 59, 960 18, 600 49, 048 78, 160 42, 534 12, 018 23, 213 25, 655 53, 445 150, 932 27, 132 27, 665 18, 600 24, 856 27,000 23, 431 93, 588 19, 228 11, 725

64

136 139. 158. 158. 159. 163 181 191. 193. 194.

4, 500 15, 000

7, 624 10, 125

5, 802 14, 098

821
841.
807
115.
803
89
12
851
802.

209.

213.

Mr. DENT. I would like to make this observation, Mr. Bates, that back in 1937 and 1938, a survey of properties in some of the older retor dential sections of the city indicated that our assessments were percent above selling prices, obsolescence having taken place in varioz sections of the city, and when you get to talking about full valassessments, it is difficult to give an over-all picture.

Mr. Bates. That is right. I well understand the difficulty that assessors have in that respect.

Mr. Dent. I would like to give you, if you will give me the time, : little picture as to valuations in other cities.

Now, as you well know, there has been a tremendous lot of discussion over many years as to the question of the tax rate in the District of Columbia. The tax rate is only one factor in the formula for determining the real estate tax so that in order to make any comparisoll between the District's tax rate and the tax rate that prevails in other cities, we must get to the ratio of the assessed valuation to true value

From the Municipal Year Book that is published annually by the Association of City Managers, they published the ratio of assessed valuation to full value of cities in various populations groups.

I recently went over those figures, and I looked at the group in which Washington was located; that is the population group between a half million and a million. I find out that the actual assessed value places Washington at the top of the list.

Mr. Bates. That is a ratio of assessed value to true value.

Mr. DENT. The ratio of assessed value to true value. Now, if you take the ratio as given to you by the assessing authority in those cities

. for instance, 40, 50 percent or 100 percent, and you apply a full value to the assessed value, I still find that Washington is at the top of the group by that formula.

To show you that I do not put very much faith in these ratios because. as I understand it, they are simply a figure that is given by whoever may be in charge of the assessors office to this association, I can show you cases, taking the period between 1940 and 1945—let us take, for instance, the city of Cleveland which said in 1940 that they were on an 80 percent ratio. They stated in 1945 that they had gone to a hundred percent full value assessment. Yet in that period their assessed valuation dropped $221,000,000. That does not seem reasonable.

St. Louis, which was on an 85 percent ratio in 1940 went to 100, and they lost 177 million. Buffalo was only 84-percent valuation, went to 92, and they lost $137,000,000. So, I say that you cannot put a great deal of credence in what these ratios actually are. It does not seem reasonable to me that a city which goes from an 80 percent valuation to a hundred percent valuation should lose millions of dollars in the assessed valuation. It should show an increase, particularly, in view of the fact that there must be some new construction going up in that city during that period.

Mr. Bates. Have you inquired about it?

Mr. DENT. I have written to all the cities in our population group. I wrote to them primarily to find out a thing that I think has a very important bearing on the assessed valuation of a city, and that is what portion of that city, of the area of that city, is taxable. As you know, the District of Columbia only has 49 percent that is taxable.

Of all of those cities, I could get no reply as to that; I could get information as to one city, the city of Boston.

Mr. Bates. In other words, the boards of assessors were rather hesitant about giving any information about their property:

Mr. DENT. Yes, sir. I cannot see any reason for not giving that information; the thing is, what portion of the city is taxable. Boston was the only one that gave me a figure, which was 62.5 percent. The rest of them said they had no information on the subject. New York City said that 100 percent of the city was taxable which, of course, I know is not true, because further on in their letter they said the valuation of their exempt property was so many millions of dollars, so it is practically impossible to get any figures from these other cities that will give you any comparison.

Mr. BATEs. This same table that I gave, Mr. Dent, on the ratio of assessed value to full value, that shows Baltimore 100 percent, Boston 100 percent, Washington 90 percent; there are nine cities between five and a million population, is that right?

Mr. DENT. Yes, sir. Mr. Bates. Now, you will note that the average assessment is 84 percent, is that right, of those 9 cities?

Mr. DENT. That appears to be about right, because there are 5 at 100 percent, and San Francisco is 50 percent.

Mr. BATEs. And, of course, San Francisco at 50 percent, that brings the average down, so that you are on a basis of 90 percent while the average of those cities is about 84 percent. Mr. DENT. Yes, sir, that is what they say.

Mr. Bates. That is 1940, and that checks out pretty well with the statement that you prepared here on these 200 properties, which are assessed here well up into the high percent bracket.

Mr. Dent. Now, on a per capita basis, that is another way that you can look at it. Taking the actual assessed value without taking a percentage to arrive at a full value, we find that Washington ranks second in 38 cities having a population of 250,000 and above. We are only exceeded by New York which has a per capita assessment of $2.200, Washington with $1,800, and the lowest is St. Paul, with $380 per capita. Mr. Bates. You have not given me those figures yet.

Mr. DENT. No, I do not think I sent you that statement, Mr. Bates. I will be glad to do so. I have all 38 cities over 250,000. New York, to be exact, is $2,209; Washington, D. C., $1,827, and then it goes on down until we get to the bottom with St. Paul, Minnesota, at $382.

(The matter referred to above is as follows:)

City

Real estate assessment,

1940

Population,

1910

Per capita assessment

New York, N. Y
Washington, DC
Jersey City, N.J.
Boston, Mass
Syracuse, N. Y
Rochester, X. Y
Buffalo, N. Y
Cincinnati, Ohio
Providence, R.I.
Pittsburgh, Pa.

$16, 470, 154, 000
1, 211, 208, 484

543, 131,000
1,379, 409, 000

347, 106, 000
531, 377,000
937, 473, 000
740, 468,000

404, 602, 000
1,047, 024, 000

7, 454, 995

663, 091 301, 173 770,816 205, 967 324, 975 575, 901 455, 610 253, 504 671, 659

$2, 209

1. 827 1, 803 1. 790 1, 685 1, 635 1, 628 1, 625 1, 596 1, 559

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