Some Probable Effects of the Exemption of Improvements From Taxation in the City
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13 —$2, 849. 32 If the half rate on buildings were adopted the taxes on the eleven parcels would increase $94. 96 while the taxes on 196 parcels would decrease $1, 196. 75. In case the full rate were adopted the increase would be $246. 20 and the decrease $3, 095. 52.
The average parcel at present pays $110. 93 in taxes. This charge would be $105. 61, or $5. 32 less, under the half-rate plan and would be $97. 16, or $13. 77 less, under the full plan. The reduction, it will be seen, is not great..., being in the first case less than five per cent, and under the full plan approximately twelve and one-half per cent.
Practically all of the houses included in this sample are rented. According to the assessment roll one man owns 94 of the 207 parcels. If the rate on buildings were halved and the entire reduction in the house- tax passed on to the tenants the annual rents paid by the occupants of 67 these houses might be reduced at the most $3, 052. 79, or $14. 75 on each parcel. The same action which would deprive the landlords of this sum would also decrease their total tax bill $1, 101.
What to read after Some Probable Effects of the Exemption of Improvements From Taxation in the City?
You can find similar books in the "Read Also" column, or choose other free books by Robert Murray Haig to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
13 —$2, 849. 32 If the half rate on buildings were adopted the taxes on the eleven parcels would increase $94. 96 while the taxes on 196 parcels would decrease $1, 196. 75. In case the full rate were adopted the increase would be $246. 20 and the decrease $3, 095. 52.
The average parcel at present pays $110. 93 in taxes. This charge would be $105. 61, or $5. 32 less, under the half-rate plan and would be $97. 16, or $13. 77 less, under the full plan. The reduction, it will be seen, is not great..., being in the first case less than five per cent, and under the full plan approximately twelve and one-half per cent.
Practically all of the houses included in this sample are rented. According to the assessment roll one man owns 94 of the 207 parcels. If the rate on buildings were halved and the entire reduction in the house- tax passed on to the tenants the annual rents paid by the occupants of 67 these houses might be reduced at the most $3, 052. 79, or $14. 75 on each parcel. The same action which would deprive the landlords of this sum would also decrease their total tax bill $1, 101.
What to read after Some Probable Effects of the Exemption of Improvements From Taxation in the City?
You can find similar books in the "Read Also" column, or choose other free books by Robert Murray Haig to read onlineMoreLess
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