Taxes In New York City
Description
This section is from the book "Real Estate Principles And Practices", by Philip A. Benson, Nelson L. North. Also available from Amazon: Real Estate Principles and Practices.
Taxes In New York City
The practise followed in the levying of taxes is illustrated by the methods employed in New York City. There you will find a Board of Tax Commissioners consisting of a President and six Commissioners. Each borough of the City is divided into sections and a Deputy Tax Commissioner is assigned to each section. These Deputies commence to examine and appraise the property in their respective districts on April first of each year. Their reports are completed and tabulated by October first, and on that date the records are open for public inspection. From October first to November fifteenth owners may file notices of protest of any assessment. On November sixteenth the books arc closed and the commissioners hear and consider protests made by owners. On February first the assessment rolls are made up and on March first they are delivered to the Board of Aldermen. On March third the Aldermen fix the tax rate (by dividing the total amount to be raised by the total of all assessed valuations), and on March twenty-eighth the rolls are delivered to the Receiver of Taxes. The Receiver of Taxes computes the amount of tax for each parcel of real estate by applying the rate against the assessed valuation of the parcel. One-half of the tax becomes due and payable and a lien on the property on May first, and the balance on November first. The first half is payable during the month of May and the second half in November, and if not so paid interest at seven per centum per annum from the due date is added.
The budget for the City is made up from estimates submitted to the Board of Estimate and Apportionment by the various City departments. Hearings are held and investigations conducted, after which a tentative budget is prepared and approved. It is then referred to the Board of Aldermen. This Board may reduce or strike out appropriations made but cannot make additions to the budget. The Mayor also passes on it and may veto the reductions and eliminations made by the Aldermen. The budget finally adopted for the ensuing year must be certified by December twenty-fifth and must be published in the City Record before December thirty-first.
There is a slight difference in the tax rates for the five boroughs due to the fact that each pays the expense of its own county government.
The entire assessment roll of the City is published as supplements to the City Record. The City also publishes outline maps showing each block and the boundaries of the sections, and a land value map book showing units of land value on each block.
Taxes are assessed against the property by section, block and lot. By such method all outstanding liens for taxes (and also assessments for local improvements and water rates) can be readily ascertained. The system has many advantages over that of levying the assessment against the property by names of owners. Under the latter system search
APPROPRIATION AND TAX SUMMARY
Comparison of 1920 and 1921 Budgets Grouped by Function or Purpose
Grouping of Appropriations According to General Function or Purpose | Budget of 1920 _______ Group Totals | Per Cent. of Each Group Total | Per Capita Cost 1920 | Budget of 1921 _______ Group Totals | Per Cent. of Each Group Total | Per Capita Cost 1921 |
Administrative, i.e., General Administration.................................. | 33,941,655 60 | 1.449 | $ 07 | $4,678,905 90 | 1.361 | $0 81 |
Legislative (Aldermen and City Clerk)........................................... | 302,840 00 | .113 | 05 | 408,542 30 | .119 | 07 |
Judicial and Semi-Judicaial............................................................. | 11,778,813 74 | 4.332 | 2 08 | 13,689,333 05 | 3.993 | 2 39 |
Educational...................................................................................... | 52,754,968 57 | 19.394 | 9 31 | 54,680,852 69 | 15.901 | 9 50 |
Recreation, Science and Art, viz.: | ||||||
(a) Parks, Parkways and Drives.................................................. | 3,038,340 46 | 1.117 | 54 | 3,951,600 75 | 1.149 | 69 |
(b) Zoological and Botanical Gardens, Museums, etc................ | 1,541,189 57 | .567 | 27 | 1,777,823 98 | .517 | 31 |
Health and Sanitational (includes Water Supply)........................... | 28,996,533 97 | 10.660 | 5 12 | 35,534,746 76 | 10.332 | 6 18 |
Protectional of Life and Property.................................................... | 42,745,476 81 | 15.714 | 7 55 | 51,807,565 03 | 15.065 | 9 01 |
Correctional Purposes.................................................................... | 2,432,506 20 | .894 | 43 | 2,571,992 25 | .748 | 45 |
Charitable Purposes (incl. Dept., Instns. and Child Welfare). | 17,654,145 93 | 6.490 | 3 12 | 19,299,787 17 | 5.612 | 3 35 |
Streets, Highways and Bridges (Care and Maintenance).. ............. | 7,761,066 70 | 2.853 | 1 36 | 9,553,943 58 | 2.778 | 1 66 |
Public Enterprises (Docks and Ferries).......................................... | 3,407,324 59 | 1.252 | 60 | 4,421,577 31 | 1.286 | 77 |
Public Buildings and Offices (Cat and Maintenance)..................... | 2,362,163 82 | .868 | 41 | 3,687,578 51 | 1.072 | 64 |
Board of Elections and Country Canvassers................................... | 2,136,315 00 | .784 | 38 | 2,057,491 00 | .598 | 36 |
Publicationa, Advertising and Printing............................................ | 1,278,330 00 | .470 | 22 | 1,615,941 00 | .470 | 28 |
Taxes and Rents.............................................................................. | 1,061,214 18 | .390 | 18 | 1,193,312 76 | .347 | 21 |
Pensions, Relief Funds, etc............................................................ | 5,466,894 96 | 2.010 | 97 | 5,296,825 16 | 1.540 | 92 |
Labor Contingency and War Emergency Funds............................ | 4,010 00 | .001 | ............... | 52,510 00 | .015 | .............. |
Totals, Departmental Appropriations.................................... | $188,663,790 10 | 69.358 | $33 29 | $216,280,329 20 | 62.903 | $37 60 |
State Taxes..................................................................................... | $8,539,156 37 | 3.140 | $1 51 | $22,041,183 27 | 6.410 | $3 83 |
Debt Service | ||||||
Interest on the City Debt..................................................................... | $45,544,493 42 | 16.741 | $8 04 | $47,885,649 53 | 13.925 | 38 32 |
Redemption of the City Debt............................................................. | 5,534,545 24 | 5.430 | 2 61 | 5,302,045 24 | 4.225 | 2 52 |
Amortizationa of the City Debt......................................................... | 9,225,000 00 | 9,225,000 00 | ||||
$60,304,038 66 | 22.171 | $10 65 | $62,412,694 77 | 18.150 | $10 84 | |
Redemption of Special Revenue Bonds............................................. | 8,000,000 00 | 2.941 | 1 41 | 31,000,000 00 | 9.014 | 5 40 |
Redemption of Tax Notes................................................................... | 2,300,000 00 | .850 | 41 | 6,500,000 00 | 1.890 | 1 13 |
Interest on Revenue Bills, Tax Notes and Special Revenue Bonds.......................................................................................................... | 4,207,500 00 | 1.540 | 74 | 5,615,832 53 | 1.633 | 98 |
Totals for Debt Service................................................................ | $74,811,538 66 | 27.502 | $13 21 | $105,528,527 30 | 30.687 | $18 35 |
TOTAL OF BUDGET APPROPRIATIONS PER SE......................... | $272,014,485 13 | 100% | $48 01 | $343,850,039 77 | 100% | $59 78 |
Appropriationa Increases 1921 over 1920.............................. | .................................. | ................................ | ................................ | $72,125,808 44 | ||
Appropriation Decreases 1921 under 1920.............................. | .................................. | ................................. | ............................... | 248,893 80 | ||
Net Increase 1921 over 1920.................................................... | .................................. | ................................. | ............................... | $71,876,914 64 | ||
To Provide for Deficiencies in the Collection of Taxes.................................. | 1,675,000 00 | 1,680,000 00 | ||||
GRAND TOTALS..................................... | $273,689,485 13 | $345,530,039 77 | ||||
City and County Appropriations and State Tax
Appropriations, 1920 | |||
The City of New York................. | $256,441,440 16 | ||
For State Taxes............................. | 8,539,156 37 | ||
_______________ | $264,980,596 53 | ||
The County of New York............................................... | 4,365,155 12 | ||
The County of Bronx..................................................... | 1,038,390 34 | ||
The County of Kings..................................................... | 2,413,908 33 | ||
The County of Queens.................................................. | 661,664 65 | ||
The County of Richmond............................................. | 229,770 16 | ||
Total Budget.................................................... | $273,689,485 13 | ||
Appropriations, 1920 | |||
The City of New York.................... | 3313,459,633 54 | ||
For State Taxes............................... | 22,041,183 27 | ||
$335,500,816 81 | |||
The County of New York.................................................. | 5,010,659 22 | ||
The County of Bronx......................................................... | 1,247,990 44 | ||
The County of Kings.......................................................... | 2,745,170 19 | ||
The County of Queens....................................................... | 767,177 17 | ||
The County of Richmond.................................................. | 258,225 94 | ||
Total Budget........................ | $345,530,039 77 | ||
The Federal Bureau of the Census gave the City's population at Jan. 1, 1920, as 5,621,151. On this estimate the Health Department predicted its estimate of the population at the mid-period of 1920 as 5,665,157, and at the mid-period of 1921 as 5,753,151.
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