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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. 1922 Excerpt:...This amount of exempt property, in these days of staggering taxation, cannot escape Challenge. A militant society with headquarters in Minneapolis is waging an aggressive campaign against this special privilege. And individuals throughout the country are making sporadic attacks. President Grant forboded evil from this situation, even to the extent of violent resistance, in anticipation of which he says: "I would suggest the taxation of all property equally." But fifty years has added much to the world's understanding of the principles of taxation. Thus an Illinois Methodist Bishop, speaking at the dedication of a new church said that it was proper that it be exempt from taxation, not as a compliment to religion, but as a recognition of its value to the community. Property, said the Bishop, will be worth more where there is a church. An enterprising California realtor has made a different application of the Bishop's thought. He is exploiting what he calls "added values." A house and lot may have value as a physical fact, but because of situation and surroundings it may acquire additional values. A fine house next door makes the place more desireable. Nice neighbors, he says, increase its attractiveness. A good school, an accessable golf course, an ocean view, mountain prospect, or other pleasant outlook add to its desireability. The homeseeker is advised by the realtor to take all these things into consideration in selecting property. The same lot is worth more or less according to its relation to its surroundings. The prospective purchaser should have these values in mind, he said,--and should be willing to pay for them. This very point came up for practical consideration in New York City, when the question of taxing private parks arose....