The chief sources of revenue are taxes on realty, personalty and corporations, a poll-tax, and licences.
The city's tax valuation in 1907 was $1,313,471,556 (in 1822, $42,140,200; in 1850, $180,000,500), of which only $242,606,856 represented personalty; although in the judgment of the city board of trade such property cannot by any possibility be inferior in value to realty.
The assessed valuation of realty and personalty for 1920-I was $777,500,000.
The constitution requires that a voter must (in addition to other qualifications) either be able to show conclusively ability to read and write, or be the owner of property within the state assessed at not less than $300, on which, if personalty, all taxes are paid.
The assessed valuation of realty in the state in 1908 was $2,799,062,707 and of personalty $1,775,073,438.
Various special 2 In 1869 the personalty valuation was 60% that of realty; but it steadily fell thereafter, amounting in 1893 to 32%.
In the intervening period the assessed valuation of realty in Boston increased more than 100%, while that of personalty slightly diminished (the corresponding figures for the entire United States from 1860 to 1890 being 172% and 12%), yet the most competent business and expert opinions regarded the true value of personalty as at least equal to and most likely twice as great as that of realty.
The census estimate of the true value of property constituting the national wealth was limited in an enumeration of 1850 to taxable realty and privately held personalty; in 1900 it covered also exempt realty, government land, and corporation and ptiblic personalty.