Evening Star Newspaper, January 22, 1927, Page 18

REAL ESTATE. COMMITTEE IS NAMED. Report by Nominating Body Will Be Made in August. Members of the nominating com- mittee of the National Assoclation of Real Estate Boards for the coming year were elected at the annual meet- ing of the association just closed at Miami, Fla. They are as follows: Charles . Iverson, Chicago, Ill; C. C. Tatum, Los Angeles, Calif.; Willlam E. Lyons, Kansas City, Mo. To represent the board of directors, Leonard Reaume, Detroit, Mich.; Phillip V. W. Portland, Oreg.: A. J. Kelly, burgh, Pa. To represent the adv board of past presidents, N. ham, Duluth, Minn.; Charles e | CORPORATON HOVE OF YOO VALLE Perpetual Building Associa- tion’s New Structure, 11th and E Streets, Completed. The new $300,000 home of the Per- petual Building Association, which has just been completed on the northwest I . corner of Eleventh and E streets, is a | wards, New York; Robert Jemison, two-story structure of simple and clas- | Jr.. Birmingham, Ala. sic lines, constituting an impressive | The report of the nominating com- addition to the progressive develop- |mittee will be made to the association ment of downtown Eleventh street. [at its coming convention, to be held The building association will move |in Seattle, Wash,, August 9 to 12. into its new home by the first of Jan- S o Db S uary, according to Joshua W. Carr, secretary, where commodious quarters | REALTORS SET RECORD. are provided for both the employes and directors of the organization an its patrons. The buflding was planned | Miami Session Was Largest Ever to provide for expansion of the con- Held cern to more than twice its present S $14,000,000 business, officlals state. e — Simplicity of Lines Was Aim. meeting of the National Association Simplicity of ll:flu l:mrl‘ n;lvvt"lr(§'10n~}nr Real Estate Boards just closed at ments was adhered to in the building, - " : officlals of the firm wishing to affect | Miami, Tl was the largest for any a “homelike” atmosphere in the new |° ot ,‘E’h DL RLOLY G office in keeping with what they be-[3ss0clation. The official reglstration 3 5 a 0! S Vi ollows:: }:;I"‘“:;‘";’q'gm,',‘_:"i;:}" character of a| “From outside the city of Miami, The new Perpetual Bullaing ts of| 713 men, 306 women:.total 1018, = Indiana limestone, having bronze win- il e 3 dow sashes, doors and door casings, e o by and a base of Milford pink granite e Bl 3 feet high. Corinthian fluted pilasters | | This 18 @ gain of approy sy 400 Mico (rr»;m;h;h:alrfi:en::l;h:n‘r;ex{‘ oot | previous annual meeting, that held in side and on both stories are to be |“eW Orleans in January, 1926. found three great plate-glass, bronze- support windows, 914 feet by 13% feet, with the exception of on the front of the building, where the central po- sition is commanded by sliding bronze doors weighing 800 pounds or more each. The building stands 50 feet in height and has a _frontage of 70 feet on E street and 55 feet on Eleventh. Spacious Lobby Provided. A spacious lobby is provided in the front 25-foot space of the main floor, ending at a simple open marble coun- ter, over which business is to be trans- acted. The entire clerical force of the concern is to be quartered behind the counter, officers being provided with private offices on a mezzanine floor at the rear overlooking the lobby. On the second floor are great file room spaces and an ornamental room for the directors of the assoclation. This room is done in panels of walnut. The Perpetual association was founded in 1881, in a building on Sev- enth street, and after a number of moves arrived at its present site in 1912, when it erected its own building. ‘The erection of the new home just completed was begun last March, when the assoclation moved into temporary quarters at 1004 E street. The building was built by Willlam P. Lipscomb, Inc., and the architect was Clarence L. Harding. Association Officers. Officers of the association a. James Berry, president; Arthur G. Bishop, vice president; Marvin A. Custis, treas- wrer; Joshua W. Carr, secretary, and Edward C. Baltz, assistant secretary. Members of the board of directors are Mr. Berry, Mr. Bishop, Mr. Carr, Mr. Baltz, Mr. Custls, Franklin W. Harper, Vernon G. Owen, John C. Sco- ' field and George Wright. 5610 5th St. N.W. (5th and Longfellow Health measures are held mainly responsible for the decline in diphtheria deaths in New York ‘s;me. from 6,500 in 1888 to 700 in 26, SANTIITR Living Room A portion of the living room, including in its furniture a very fine re- production of a Duncan Phyfe sofa, a replica of the one now in the Metro- politan Museum in New York City. W. & J. Sloane 709-713 12th St. N.W. THE EVENING STAR, WASHINGTON, D. C, SATURDAY, JANUARY 22, 1927. INCREASED LEVIES REFLECT GROWING VALUES OF REALTY (Continued from Seventeenth Page.) according to the estimates of city of- ficials. In the meantime—1913 to the present—the population has increased but about 50 per cent, as opposed to the doubling, trebling and quadrupling of the assessments. Today the rate on real estate and tangible personal property is the highest it ever has been, at $1.80. In 1921 there was a rate of $1.95 and in 1922 a rate of $1.82, but these were on the basis of a two-thirds valuation instead of the full valuation now pre- valling. Previous to 1921 the rate uniformly was $1.50 cn a two-thirds valuation. Then, too, the rate on in- tangible personal property was raised in 1922 from $3 per thousand to $5 per thousand, so that the Increased rates, with full value assessment, are raising proportionately a greater per- centage of revenue than has ever been done in former years. The question naturally arises, How far shall this revenue problem press upon . the taxpayers of the District, who are without voice in either the Federal or local affairs? Some members of Congress have ex- pressed the opinion that a greater rate should be assessed against Wash- ington’s property cwners. This opin- fon seems to be based on a compari- son of the District tax rate with those of a number of States where high rates are due to a low assessment or undervaluation of real and personal property. Statements have been made that the District not only has a low tax rate, but that the assessment 1s far below true value. An analysis of the situation, how- ever, presents a far different picture. Vot only is the 1928 total assess- FACTS AND FIGURES ARE SURE CONVINCING Come out Sunday and see these real homes and you will be convinced 2435 Cuthedral Averiue N.W. Now open to the public as a demonstration of the higher art in building and interior decoration With interiors tastefully executed by ~ Realtors | ment here, for instance, far beyond that of any city of comparable size, but an examination of asessments of 30 citles having populations ranging from 100,000 to 1,000,000 shows that the property of the average resident of Washington is assessed higher than the average for the 30 cities through- out the country. An instance of this is shown in the Census Bureau reports of 1923, which glve the same general proportions as later years, which set the average as- sessment per person for the 30 citles at $1,128, while for the same year the average per person assessment in the District was $1,910. In the coming year the District, with a total assess- ment of more than $1,000,000,000, will have an average nssessment per per- son of more than $2,000. Moreover, it is pointed out by city officials cognizant of the situation that the assessments of these 30 citles, ac- cording to census reports, are about 60 per cent of what is regarded as the falr market value, while the District of Columbia assessments are much closer to market value, as shown by comparative sales. Due to the tremendous fluctuations in values, construction figures and the various methods of computing as- sessments and tax rates, it is difficult to arrive at understandable compari- sons, but the following analysis, used by local assessing officials, g good indication of the situation REAL ESTATE. In Minnesota there i a rate of $4.56 on real estate, on 34.7 per cent of full value, which is the equivalent of a rate of $1.58 on full value. Iowa has a rate of $5.99 on 12.7 per cent of full valuation, or the equivalent of a rate of 76 cemts on full value. Georgla has a rate of $2.99 on 38 per cent of full valuation, or the equiva lent of $1.14 on full value. Iliinois has a rate of $6.24 on 24 per cent of full valuation, or the equivalent of $1.50 on full value. Texas has a rate of §3.23 on 40 per cent of full valution, or the equiva- lent of $1.29 on full value. Washington, D. C., has a rate of $1.80 on full value, higher than any here above mentioned. Percentages used in this tabulation are taken from he United States census reports. A New Home 1736 B St. S.E. Small Cash Payment $60 a Month Including All Interest 6 large rooms and bath, h.w. h., hardwood floors throughout, electric- bulit-in _refrigerator; plenty m for garage to large alley, LACY & BELT 493 G St. 8. Phone Fr. 8068 Are the 14th STREET TERRACE HOMES 1369 Hamilton St. 1333 Ingraham St. Addre: of the Sample Homes. Always Open for INSPECTION Motor out Massachusetts Ave., across Wis- R R R R ARt R R R R R R R R R R R R AR R Ry eal Value Opposite Chevy Chase Club Priced Under Cos 0.2 Quinc , hevy ase, Md. A wonderful, new, Spanish residence, on a beautiful corner lot, 165x125, with fine trees and shrubbery and spacious lawns. The home contains 12 large rooms, porches of unusual size and 4 baths. Garage for two cars is located at end of lot. First Floor—Reception hall, living room, solarium, dining room, breakfast porch, lavatory, butler's pantgy and kitchen. This modern kitchen contains a Hoover Cabinet, electric refr ator, incinerator, electric dish-washing machi~e, and an immense ventilating fan. All rooms are exceptionally large and have beautifully tinted ¢ alls. Second Floor—Five spacious sleeping rooms, sleeping porch and two baths. Separate shower and tub in each. Third Floor- rvant’s bedroom, complete bath and two storage rooms. The house is screened throughout. Basement—Completely plastered and finished with thtee rooms and bath. A rare opportunity for you to acquire one of the finest homes in this exclusive section at a sacrifice Will consider exchange on Smaller Home Open for Your Inépection Sunday from 11 AM. to 5 P.M. & Breuninger S Sons REALTORS EXCLUSIVE AGENTS Main 6140 Dining Room Dining room showing Duncan Phyfe suite and beautiful scenic paper depicting New York Harbor in Dutch Colonial days. wall Designed and Built by W. C. and A. N. Miller Reallors W, C, and A Miller 1119 ~17 8t Mai Stz Miller -lu 1790 d AL, consin, turn left into Cathedral. Or take Wesley Heights Bus at 20th and P Sts. H[ITE TR I R A 2 \erlfillI|IIINIIHIIIil\erl!IIIIII!IIHIIIIII?I\\'I&!Iflfi\lk"lflflflfllllll%\'frl.‘fllllIIIIIiII|IIl51\\1!1!IIIIIIHIMIINIII&\V e TS TS el R R I