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Z2 WILMETTE LI POSTPONE DATE The increased concern wtth which American cities are studying their assessment methods in relation to taxa· h h as· Men to Meet at Dallas tion is indicated in a report whtc Rea) h, ·;, just been presented by a committee January 13-16 appointed by the civic authorities of Evanston to investigate through scientific appraisals the fairness of the city's present real estate taxation. The Be sure to read Date of the mid-winter convention of committee has made scientific apthe National Association of Real Estate praisments of 144 typical properties in boards, to be held in Dallas, Texas, in order to determine what the actual January, has been advanced one day and ratio is between their assessed values Classified Page the period of !he ~ting exte.nded, ac- and actual market values. Frederick cordmg to act~on whtch has JUSt. ~n M. Babcock, author of "The Appraisal take'? by the d1rectors at _the assoc1at1on of Real Estate," published under the ~eetmg. at Col~rnbus, Oh10. The ~eet- ! auspices of the National Association mg, ~h1ch constitute~ tf_le annual busmess , of Real Estate boards as an authoritative treatment of the general sub· meetmg of the assoc1at~on, h~s now .set for January 13-16 mclus1ve. ject of appraisal methods, conducted The change was made so as to in-1 the appraisal work as a member of Treu-Simabs-Pereaaiala elude in the program national round-table the committee. ~iscussions ?n. active business problems The report lists as cases filed by it This is the . right time to Owner desires party m the spec1ahzed fields of real estate with the Board of Review an apartment plant and buy trees, shrubs finance, home-building and subdividing, building valued at $169 520 and found occupy his 8-room industrial properties, farm lands, prop- assessed at $25.000. fifte'en per cent of and perennials. Prices are erty management. real estate brokerage, its fair market values. and another nished house at Ravinia lower now than in the and real estate board organization. building valued ·at $169,520, assessed ing winter months. In The round tables will be meetings C\f in 1923-24 at $4(1,000 and reduced in spring. the executive body and general member- !he office of the Board of Assessors condition and furnace h st1ip of each of the seven specialized <.li- m 1924 to $25,000. Eleven new real estate boards have visions of the association. They will be The committee was appointed oc - just been elected to membership in theed. Make an offer. elbow-to-elbow discussions on steps to be cause considerable concern had bee11 National Association of Real Estate taken during the coe:~ing year by the expressed over the fact that with a boards by action of the board oi divarious groups of real estate specialists great volume of new building in the rectors. Eleven other boards, reported 1487 Aabary A-.eaue ·making up the divisions in order to clear past few years the total assessed val- as disorganized, were dropped from 73t Elm St. the way for a more intelligent handling uation of property had not been in- membership. The total membership roll Hubbard Woods of real estate as a commodity and as an creased accordingly. Wiaaetka 14Z of the national association now includes Pboae Wianetka 541-J element of the country's economic wealth. The appraisal work showed that in 504 boards. The boards just elected t" The Dallas meeting wiJI be the tint general full, comparable and equal- membership are : Bethlehem Real E!>annual meeting of the association to in- ized values were made by the local elude such division conferences. assessor, that reductions by the Board Future policies of the various divisions of Reviews were restored to original wiU be outlined comprehensively in the levels, and that reductions in the Board ·group meetings. The round table plan of Assessors' office were less than had wilt enable the divisions to get the di- generally been assumed. !ect partici.P"!tion of their memberships The committee calls attention to the 1n the outlmmg of plans for their pro- fact that while the investigation has fessional work. made known effects of improvements :A partial list of subjects already out- upon the taxaable values in the city til)ed for discussion by three of the sev- as they are at present, the situation ·en divisions, the mortgage and finance is a continually changing one. It sugdivision, the brokers' division, and the gests that the procedure of the preshomebuilders and subdividers divisions, ent inquiry be carried out each year The land of the Peterson Nursery has been sold and we have a short time indicates the scope o£ activities which so far as it is necessary. Such a the association is undertaking in these procedure, if followed out, the report to sell off the stock-This is your opportunity. specialized fields. holds, will have the effect of raising tax revenue gradually, and will so For the home-builders and subdividers justify the expense of operation. Data the list includes: ~eveloped in the present investigation Encouragement of the notable present IS expected to be of use not only in movement of city populations to the !>ub- cases actually brought before the urbs; consideration of the feasibility of Board of Review but in general ad~nancing home buying on a plan requlr- justment by the assessor to correct lfl&' no down payment; control of platting inconsistencies. For those who do not care Big reduction to those who of subdivisions-How should it be dbne? --------come to our Nursery and to do their own planting. developing subdivisions for persons of Look For Post-Election amatl income; home building methods get the stock. Freshly dug; We will deliver, plant and to be avoided-improving the architecActivity in Real Estate roots not dried out. ture of the small house in American citguarantee. With the election excitement over, Nursery just west of Linies-getting architectural harmony in the real estate agents on the north shore coln · avenue on Peterson new suburban tract. Estimates given. are looking forward to considerable acroad, Chicago. On the subject of real estate finance tivity during the next few weeks. the list includes : Peterson road is the north Phone or write our "Although we have had numerous line of Rosehill Cemetery. Subordinated notes-their use and prospects, and have been interviewoffice. abuse ; debenture bonds-collateral trust ing many people who have come out GOOD ROADS notes ; comparative construction costs, on the north shore to see property, Do it now. Telephone Evanston 1434 and the outlook for 1925; safeguards in very few have made direct attempts the organizing of a building and loan as- at actual transaction," commented the sotiation for the average broker's offices; manager of one Wilmette real estate factors which enter into an appraisal of agency. Telephone Main 3613 city property; the national record of "The election is the thing!' stated mortgages as to investment safety. another broker "regardless of the candidates, the habit of laxness during The broker's division list includes: How zoning protects t\Je read estate the presidential campaign has been broker in protecting real estates values ; true this year as well as in the past." "It's a case of feast or famine with ·"Specializing in Everything"-How many lines should a broker handle?; ·:hain us." remarked a salesman at one of the offices. "And we expect to feast store organizations and their location ; factors in city growth-aids to the brok- a little in the next few weeks." At. one office it was shown that a er in looking ahead for real estate development; ethics of real estate brok~r large number of property owners on the north shore list their property age. with the brokers to see how large a profit it would bring. Some of these Better Lighting Contest. people dispose of their homes where Looks Like a "Landslide" they sec a gain of several thousand dollars and then buy oth~r property. "It looks as if our Better Home The high value of the property on Lighting contest is going to duplicate the north shore induces many owners the recent feat of the Republican to indulge in the market just on that party" was the comment made this hasis. In that way the listings show week by John Ree~ ·nan local chair- an increase over past years. man of the North Shore Electric league, which is sponsoring the conall the advantages of the anthracite test in Wilmette and vicinity. Issue Booklet Outlining and not one of the disadvantages Although there is just this week Realty Home Study Scheme left in which to register in the conGwe~ The National Association of Real Estest, and to write the essay and hand it jn to the judges by November 15. tate boards will issue this week from its Chicago headquarters a twenty-page the official closing date, local teachers report a heavy demand for registra- booklet outlining the plan of home study tion card,; and Home Lighting primers. in real estate practice authorized by the Any child who has neglected to association and being given by the AmeriCall LAWNDALE 702' enter the contest' may still do so and can Real Estate Institute, a branch crebave an excellent opportunity to win ated to carry on correspondence educaADd our Service Man will explain thia to you one of the prizes. With a little ex- tion in real estate usages and principles tra study, the ambitious essay writer for persons who do not have access to who has failed to get in with the direct class room instruction. FOR SALE BY starter's whistle may yet finish a winaer. LHASA WAKES UP I ' Those who have seen the prizes The "Sacred City" of Lhasa in (.,st of them-the $15,000 Home Thibet, -..yhere !~mas hold sway 'and Edina· A Soaa · · ....··· ·· ··. · ····..· · ·· ·...... Phoae Wibaette M1 couldn't very well be displayed) ex- from wJ:uch foreigners are ri~idly express the opinion that no expense cl~ded, ts about to install its first elecKatt.a Bro.. ..... ·. · .... · · · · · · .. · · · . · .. · · ..... .. . Pboae Wlllaette 1 aeems to have been spared to provide ~nc plant, a hydro-generator. AccordMey· Coal A Mat.W Co. ..····..··..··.. PhoDe Wilmette 1733-1734 fitting rewards for those who write mg to the Electrical Times of I.;ondon the favored essays. The local prizes all of the apparatus i:> to be carried on Central Coal A Material Co. ...................... Uni-.. $2M; WiJ. 333 alone are well worth a few e':enings mule bac.k up the 11,800-ft. elevation . , intensive study-an«;~ any g1rl and from wh1ch Lhasa looks down. It is boy in Wilmette ~· JUSt as trood a to he erected by natives who have hance ·· any one sn tb~ countr~ to watched and studied construction of aaau; one of the Nattonal ~rtzes. the .Plant .in its factory. No foreign · which a ,15,000 HC?me as not engmer Will. be permitted to assist in le GIJ;ect to asm at. the assembhng of the plant. OF CONVENTION IVANSTON CHECKS ON ASSWMENT SCHEME Realty Education Plan Ia Adopted in Canadian City Extension into Canada of the movement for technical instruction in real estate practice such as is now carried on under the auspices of the National A_ssociation of Real Estate boards and tts -ber boards in lZS American cities is ""'"' .L. announced in a communication to un: national association from the Border Cities Real Estate boards, Windsor, Ontario. Under the auspices of the Border Cities board, what is thought to be the first course in real estate to be opened in Canada is now being offered in the Windsor-Walkerville Technical school. The series of lessons in real estate practice organized by the national association from the best business methods now in practical use and made available. for home study throogh the official national correspondence course of the American Real Estate institute, Chicago, wilt be used by the Canadian board for its course. Si'xty-five students, real estate dealers, men entering the business of real estate and property owners, are enrolled. tate board, Beth!~. Pa.; New Kt11· sington Real Estate board, New Kensington, Pa. ; Bridgeton Real Estate board, Bridgeton, N . J.; South Jacksonville Real Estate Board, South Jacksonville, Fla. ; Osceola County Real Estate board, Kissimmee, Fla.; Sanford Real Estate board, Sanford, Fla.; Lake Worth Real Estate board, Lake Worth, Fla. ; Tarpon Springs Real Estate board .. Tarpon Springs, Fla. ; Plant City Real Estate board, Plant City, Fla.; Hoopeston Real Estate board, H~peston, Ill. ; Laguna Beach Estate board, Laguna Beach, Cal. The Coshocton, Ohio, Real Estate board, dropped some time ago, was n:instated to membership. The boards dropped from membership are the iol- OUR beenj Plant Now Sl NATIONAL REALTY BODY RECEIVES NEW MEMBERS ·John Ostrowsky Hill · WIIEELER, lac. BARGAINS Ca·lt ancl Carry Buy Now ---- Trees, Shrubs, Fruits, Vines WE DO PLANTING CASH AND CARRY asse offic land PETERSON NURSERY 30 N. La Salle Street, Chicago, Ill. Haa of best coal It MORE HEAT-LESS COST FEWER ASHES-NO SMOKB ::o.......