Property Exemption Value In 1921 And 1922 Tax Assessments
Exempts include churches schools temperance societies observatories and similar bodies. Tax reports show exempt property value rising from 6.7 million in 1921 to 2.506 million in 1922 with a ten year gain, much from new property. The document cites federal state and municipal securities totaling 355 million, and outlines bond offerings by major firms and public bodies with yields around 5 to 6 percent. Also notes Ontario and U S bond issues and municipal credits, including the Ann Arbor Railroad and Seattle municipal bonds, issued and priced in markets.