View report page

TO THE VESTRY OF ST. MARY, ISLINGTON.
The Board of Assessors beg to report that pursuant to your
resolution of 17th January, 1890, they have completed the Quinquennial
Valuation of all the rateable hereditaments in the Parish of Islington
for the year 1890, making the sixth valuation thus completed since the
passing of the Valuation of Property (Metropolis) Act in 1869.
The List is contained in twelve Books corresponding to the
Districts of the twelve Rate Collectors of the Parish, there being one
more collector and book than there were five years ago.
The List as deposited then contained 40,692 rateable hereditaments
of a total value of £1,954,409 gross, and £1,619,877 rateable—whereas
the present List contains 43,016 rateable hereditaments of a total value
of £2,038,614 gross and £1,693,199 rateable, the increase during the five
years having been, roughly speaking, about 3,000 in number, but only
£84,000 and £73,000 in gross and rateable value respectively. The
small increase in value as compared with that in the number of the
rateable hereditaments of the parish is due to the general decline in
value of good and middle class house property during the past five years.
If, however, the new Valuation be compared with that in existence
at the present time (see Table A attached hereto), it will be seen that,
apart from the Assessments of the Public Companies, there is but a
slight increase in the value of the Parish as a whole, and this slight
increase is more than absorbed by the increased assessments of a special
class of property.* Thus the value of property over the greater part of
the Parish again shews a considerable decrease.
The increase in the gross value shown by the new valuation upon
the valuation at present in force is £37,387 of which £31,504 is due to
the increase in the gross value of the Public Companies.
* See Table B