The aggregate Taxable Valuations of property within The City of New York for the year 1921, by boroughs, as certified by Dept. of Taxes and Assessments, are as follows:

Real Estate

Personal Estate

Totals

Manhattan....................................................................

3$5,878,847,633

$152,742,600

$6,031,590,233

The Bronx....................................................................

852,447,403

13,899,700

866,347,103

Brooklyn.....................................................................

2,395,486,473

37,741,850

2,433,228,323

Queens........................................................................

718,818,139

7,409,350

726,227,489

Richmond...................................................................

127,385,456

1,428,675

128,814,131

Grand Totals.....................................................

$9,972,985,104

$213,222,175

$10,186,207,279

The amount of taxes imposed by an Ordinance adopted by the Board of Aldermen March 1, 1921, at 2.13 P.M., and approved by the Mayor, is 3283,669,218.49, distributed as follows:

For General City Purposes, viz.: Total Budget Appropriations for 1921..............................................................

$313,459,633 54

Less Estimated Revenues of the General Fund..................................................

63,216,718 87

$250,242,914 67

For New York State Tax.........................................................................................................................................

...........................

22,041,183 27

Counties (Boroughs)

County

Appropriations

Included in the Budget o/1921

County

Expenses Paid during 1920 from

Special Revenue

Bonds

Borough

Assessments

Pursuant to

Sec. 247,

G. N. Y, Charter

TOTALS

New York (Manhattan).........................................

$5,010,659 22

$462,333 57

.................................

35,472,992 79

Bronx (The Bronx)................................................

1,247,990 44

101,281 18

$47,045 97

1,396,317 59

Kings (Brooklyn)..................................................

2,745,170 19

252,111 43

................................

2,997,281 62

Queens (Queens)..................................................

767,177 17

53,932 40

422,872 58

1,243,982 15

Richmond (Richmond)........................................

258,225 94

16,320 46

...............................

274,546 40

Totals......................................................

$10,029,222 96

$885,979 04

$469,918 55

311,385,120 55

11,385,120 55

TOTAL TAX LEVY OF 1921...........

...............................

...........................

..............................

..............................

$283,669,218 49

Tax Rates for City and County Purposes State Tax, and Special Assessments on Boroughs

Manhattan (New York Co.)

The Bronx (Bronx Co.)

Brooklyn (Kings Co.)

Queens (Queens Co.)

Richmond (Richmond Co.)

On Real Estate.....................................................

2.77

2.84

2.80

2.85

2.83

On Personal Property..........................................

2.77

2.83

2.80

2.79

2.83

For City Purposes................................................

.018439662060

.018439662060

.018439662060

.018439662060

.018439662060

For County Purposes...........................................

.000907388031

.001557426134

.001231812728

.001130650632

.002131337593

.020570999653

Total Rates for City and County Purposes.

.0193050091

.019997088194

.019671474788

.019570312692

.020000000000

For Principal and Interest on Debt.......

.006127176981

.006127176981

.006127176981

.006127176981

.006127176981

For State Taxes........................................................

.002163826306

.002163826306

.002163826306

.002163826306

.002163826306

Decimal Rates on Personal Property.......................

.027638053378

.028288091481

.027962478075

.027861315979

.028291003287

Special Assessments on Broughs...........................

..............................

.000055189293

...............................

.000588288688

...............................

Decimal Rates on Real Estate................................

.027638053378

.028343280774

.027962478075

.028449604667

.028291003287

must be made against the names of the owners for some time past in order to ascertain the existence of arrears.

It has been noted that taxes in New York City by law become liens on the property on May 1st and November 1st in each year. As between buyer and seller the one owning the property on the day the tax becomes a lien usually pays it. It is the rule in many other places that the tax is a charge as soon as definitely determined, even though not due until a later date. The budget, assessed values, and tax rates for New York City for the year 1921 are shown by the tables on pages 30 to 33 inclusive.