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JanuaTy i0, 1911.
<br />
<br />your Honerable Body were in favor of doing, what may be necessary to help to equalize taxes and to
<br />increase the revenue of the City, I employed Nrc C. N. Earkham to examine the deed books and m~ke a
<br />llst of all transfers of real estate for the year 1910, so that the selling prices of such property
<br />could be compared with the assessed value~
<br /> ~This work he has carefully and well performed and I would ask that the enclosed bill be a~-
<br />lowed.
<br /> "N~. ~ar~ham~s record shows the selling price and ass~sse~ value of 313 pieces of real es-
<br />tate. The total amoUnt of the consideration being $664,127. and the total assessed, value of the
<br />313 pieces being $379,241, or 37% of selling or market price.
<br /> valuation un_
<br /> ~He found ~2 pieces aese~sed~for less than 50% of the selling price. ~he total
<br />~er 50% of these 82 pieces being $23,743-
<br /> ~He found some pieces assessem as low as 9 1/4% of the selling price, some a~ 12~% of selling
<br />price, some at full value, some at 3% more tha~ selling prioe~ some 15% more th~n selling price.
<br />some at 90%, 80% and 90% of full value,
<br /> ~This shows quite a variation in assessments and big inecualities._
<br /> "The total assessed value of the property transferred in 1910 was ~bout 4% only of the total
<br />assessed value of all the real estate in the City and, on the average ascertained, there would be
<br />about $600,000. under assessed for less than 50% of selling or market price, or $650,000. under as-
<br />sessed for less than 57% of such vaiue~
<br /> ~The greatest difference in values seem to be on High and Ef~ingham streets. Some property on
<br />Hi~n street is assessed at 23.4% of selling price, o~mer at about 25%, 32% & 40%.-~and if property
<br />am~omnmng that sold on this~ and o~_er streets is taken into con~deratmon, I believe there ~ould be
<br />more than $50,000~ o~ values that could be added to the tax books by reason of the u~der valuations
<br />sho~ to the
<br /> ~i would recommend that the ~ommonwealth~s Attorney be ~equestsd to ms~e t~e proper motion £or
<br />t~e increase in the valuation of the property above mentioned~
<br /> ~To show the inequalities in ~axation I would st~ta t~t the.~mty would~reeemve as large an
<br />income if the sex rate was $1. on the ~100. of full market value~ as it does receive with ~ax rate
<br />at $1.75 and the assessment 57% of ~all or market value~
<br /> ~Those assessed at 80% of market value pay at a rate of $1.05 on the ~lO0, when compared with
<br />those paying on fu~l valuation; those paying on 50% valuation, 88~ on the $1005 those on 40% valu-
<br /> b ' ~ on the 57~ of ~l! valuation;
<br />arden. 70~ on the $100, and DOC on the ~lOO, less than t~ose paymno1
<br />those paying on pO~ valuation pay at ~he ra~e of DS~ on the ~lO0. and 4?¢ on the $100. less than
<br />~hcse paying on the 57% valuation; those paying on 20% va±u~tion pay at the ra~e of 35~ on the ~lO0,
<br />and 65¢ on the $100. less than those paying On the 57% vaiuation~
<br /> Respectfully,
<br /> J. Davis Reed, ~ayor.~
<br />
<br /> ~}d.. January, i911.
<br /> ~The
<br /> Gentlemen:--
<br /> ~As required by City Charter beg to inform you ~hat I h~ve sespended
<br />0harles Bu~ting, driver of Ohambers t~ire Engine Company,
<br />uary lst., ~n accoUnt of his overstaying leave granted him oy the Sap$ain ef the samm oompamy anm re-
<br />turning to the engine house for duty when intoxicated.~
<br /> ~Respeetfully,
<br /> J. Davis Reed. Nayor."
<br />
<br /> On me,ion, the communication o{ the ~yor in regard ~o.improper assessment of certain City, prop-
<br />erty wi~h reco~wenda~io~to pay a bmll of $35- i~curred by him in employing O, N~ Narkham to werk cn
<br />deed becks, de., w~s referred to the Joint Pinanee Committee; and tha~ givir~notification of sumpen-
<br />sio~ o~ driver Charles BUnting w~s ordered to file.
<br />
<br /> ~he ~yor returned also his approval or disapproval o~ the following matters adopted by She two
<br />~ranehes of Council Decembe~ 13-20, 1910:
<br /> To ~uthorize the Treasurer torenew notesin City banks
<br />to e~ount of ~90,000, for 90 days.
<br />
<br />To
<br />
<br />~O
<br />
<br /> ~o
<br />January
<br />
<br /> ~0
<br />~ary
<br />
<br /> ' To
<br />$I,i00.) per annum begi~aing February I, 19tl,
<br />
<br /> To m~ke Day o~three firemen at the Sewerage Power House
<br />
<br /> To authorize the Treasure~ to pay the State's proportion
<br />for the year beginning February l, 1911.
<br />
<br /> To a~propr&ate $75©.
<br />Zhe past ~wo quarters.
<br />
<br />allow the City Clerk an assistant a~ a I~Y off ~50. per
<br />
<br />allow $12.50 monthly beginning January 1, 1911, for the 0ity Colored Tuberculosis Leagme.
<br />make the salary of Jos. F. Weaver. assistant to the City Engineer, $100, per mon~n begiz£uing
<br />
<br />make the salary paid by the City ~o the Commonwealth Attorney, $900. per annum begm~uing Jan-
<br />1911.
<br />m~ke the 5ity's proportion of salary ef Judge of the eorperation Court $2,35©. ($2,250. Dlus~
<br />
<br />$55- per month beginning January i, 1911.
<br />of s~alary Of Corporation Judge. ~1,250,
<br />
<br />to Board of Harbor commissioners, the said s~mount being due by the
<br />
<br />City for
<br />
<br /> ?azmexa~ion p~oceedings,~ by order of the
<br />said ,Norfolk ~ounty.
<br />
<br /> To pay ~2,435'.79 to Norfolk ~oUn~y for
<br />O~urt, the said amoUnt ef expenses having been
<br /> To accept a bid of E. T. Barnum for ~465, refurbish five cells for the ~ '~
<br /> ~c allc~ the Chief Engineer of the ~ewer ~ower House, ~aul E, ~nm~ehurst $10. pe~ me,th hegi~i~g
<br />January i, 1911, for overloo~ng ~he i~ciner~or.
<br />
<br /> On which sai~ adoptio~ She follo~ng remarks ~d objections were ~me by the
<br /> ~Aim o~ ~_e ~bove are ~pproved~ except ite~ to allow amd assist~t to the C~y O!erk.
<br />
<br />
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