H
DETAILS OF SEVEN HUNDRED AND FIFTY-ONE BOSTON RENTALS*
A
B
O
D
1
Total
Assessed
Assessed
Net Rental
I
Assessed
Valuation
Valuation
after Paying
Valuation.
of Land.
of Buildings.
Taxes.
I
$914,000
$339,000
$575,000
$75,000
2
8,000
3,600
4400
902
3
1 3>5°°
6,500
7,000
1,600
4
28,600
6,600
22,000
3> x 77
s
133,000
112,000
21,000
10,000
6
185,200
149,200
36,000
10,000
7
13,400
7,40°
6,000
802
8
77,300
54>3°°
23,000
3, 100
9
66,800
47,800
19,000
4,500
10
21,800
20,300
1,500
i,i77
11
5,900
2,900
3,000
260
E
r
6
n
1
Less 10 per
Cent on
Buildings for
Interest,
Insurance,
Repairs, and
Net Income
Per Cent .of
Net Income
on
Assessed
, Valuation
What the User
Pays for the
Use of the
Land, i. e., the
Net Ground
Rent
Gross Value
of Land,
the User’s
Rent
Capitalised
at 5 per
Depreciation.
from Land.
of Land.
Plus the Tax
Cent.
$57.5°°
$17,500
5- 1
$22,517
$450.34"
440
462
12.8
515
10,300
700
900
13.8
996
19,920
2,200
977
14.8
W!
2I,5°°
2,100
7,900
7-1
9.557
191,140
3,600
6,400
4-3
8,608
172,160
600
202
2.7
3 11
6,220
2,300
800
1.4
1,604
32,080
1,900
2,600
5-4
3>3°7
66,140
150
1,027
5-•>3
2 7
26,540
30°
—40
—13
3
60
* In each of these cases there is deducted from the net rental (column D) 10 per cent of the assessed valuation of buildings
(column C) for interest, depreciation, insurance, and repairs, leaving a balance of income (column F)to be credited to the land.
The valuation of the land (column 3), expressed as thousands of dollars and fractions thereof, multiplied by Boston’s tax rate
($14.80) plus the net rent (column D) gives what the user pays for the use of the land {net rent plus taxes, column H). This gross
ground rent which the user pays (column H) multiplied by twenty, i. e., capitalised at 5 per cent, gives the gross capitalised
ground rental value of the land (column I).
