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. 1906 Excerpt: ...would not exceed the present rateable value. He instances Holland House and Park as a good example of the first case, and a row of houses in ...Read MoreThis 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. 1906 Excerpt: ...would not exceed the present rateable value. He instances Holland House and Park as a good example of the first case, and a row of houses in part of Shaftesbury Avenue, before it was widened, as typical of the second. Before the improvement was effected the houses were rented at 45/. each. At the present time the site of each, if cleared, would be worth 40/. a year. But the rateable value of the existing premises should now be about 60/. Deducting from this 60/. the annual equivalent of structural value, namely 35/., would leave 25/., instead of 40/., as the fair assessment of the value of the site under existing conditions. In the first case, Mr. Harper considers that no hardship would be inflicted Harper, upon the owner by assessing him upon the full annual 22-312value, because it would pay him to destroy the structure which now hinders his receiving the largest possible return from his land. In the case, however, of a lease, Mr. Harper admitted Harper, that it would be necessary for the freeholder and lessee 22,3I3"9"to pool their interests" to do this, but, in the event of their not coming to terms, he thought that the site value rate should still be imposed, as he saw "no reason why the community should suffer in taxation," and that "it appeals to me from the wider point of view of justice, as the placing of a tax upon a class of owners who, from their peculiar circumstances, do not bear their fair share of taxation." Harper, In the second case, he states, that it would be a hard 22,320. ship to compel payment upon the full value of the site, when only part of that value can be enjoyed under existing conditions. Harper, Vol. "It is true that the whole value could be obtained if of kv., App. freeholder and lessee ...Read Less
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