Taxation of Personal Property in New York State From 1880 to 1913. Report of a Sub-Committee of the Board of Taxes And Assessment, City of New York
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II. HOW MUCH PERSONAL PROPERTY, TANGIBLE AND INTANGIBLE, OWNED BY CITI- ZENS OF THE STATE OF NEW YORK, COULD BE MADE SUBJECT TO A GEN- ERAL PROPERTY TAX, IF ALL SPECIAL TAXES WERE REPEALED? The amount of personal property owned by citizens of the State of New York is a matter of guess- work. No statistics are available. Inferences, however, may be drawn from such data as is available. United States Census In the statistics on Wealth, Debt and Taxation in the United States in 1904, the Census Bu...reau esti- mates the " true value of all property and of specified classes of property as follows " for the State of New York: True value of real property and improvements $9,151,979,081 of live stock ^ 189,662,043 of farm implements and machinery 58,806,300 of manufacturing machinery, tools and implements 486,774,713 of gold and silver coin and bullion 412,832,428 of railroads and their equipment 898,222,000 of street railways, shipping, water works, etc 1,151,475,505 of all other, including products of agriculture, manufactures and mining, imported merchandise, clothing and personal adornments, furniture, carriages and kindred property 2,419,290,137 Total $14,769,042,207 Deduct real property, railroads and street railways, etc 11,201,676,586 Leaves $3,567,365,621 But included in this is imported merchandise and some other items which would be practically im- possible of assessment.
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