This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not illustrated.
1915 Excerpt: ...place, in many cases the high proportion of land
value is due to shifts in the suitable use to which the land may be
put. Many sections are filled with old houses which it would be
foolish to replace with new because business buildings and
apartments are creeping in and reduce the attractiveness of the
sites for single-family dwellings. But, it may be said, this new
use is a higher use bringing with it higher land values. Although
the statement may be true in general, nevertheless the entire areas
of these districts cannot be sold at any one time for this new use,
the owners sometimes finding it necessary to carry the plots a long
time, and, the change and its consequent increase in selling value
may have been expected and paid for beforehand, when the land was
bought. The definition of "tenement" followed by the tenement house
department is that of a structure accommodating three families or
more, who live independently of one another, and whose cooking is
done on the premises. This, of course, excludes hotels. But
whatever may be thought of the desirability of the effects there is
no doubt as to what they will be upon the magnitude of the taxes
payable by the owners of the single-family dwellings in Manhattan.
Their net burden will in general be substantially increased.
Another point of interest developed in the course of the
investigation into the effects upon the owners of residence parcels
in Manhattan. In this borough it was very generally the case that,
while the bulk of the houses would be charged with heavier taxes,
there would be within each group a number which would receive
reductions. An examination of these parcels showed that in
practically every case they were the more expensive parcels of the
sample. That is, in Manhattan, the ado...
|Country of origin:
Robert Murray Haig
||246 x 189 x 4mm (L x W x T)
||Paperback - Trade
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