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May 11, 1956

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Headlines from May 11, 1956

Court Orders Jersey Township To Assess Land at True Value

By George Cable Wright Special To the New York Times

Appellate Div orders Middletown Twp to reassess local property at 100% of true value by '57; assessments now avg 15.45%; far-reaching effects seen as none of state's 567 municipalities have equalized assessments at 100%; state avg is 28 1/2%; '55 tax yield was $534 million; seen reaching $2 billion under 100% rate

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Historical Context for May 11, 1956

In 1956, the world population was approximately 2,795,409,994 people[โ€ ]