Show TAX VALUATIONS IN U BAS BASIN IN I SNOW SHOW FALLING OFF OF 1 County assessors rs of Ut Utah h this thia ear eur have pla placed ell a total valuation jn JU n the which comes within heir jurisdiction of or he h figure compares with a total of ul valuation on which the ame class classes s of property In the st state te aid taxes last year T The e r reduction the assessors' assessors county figures were erco o stand as final would be 32 O i. i 4 42 2 in the total valuation of all fill in the state except mines ud nd public utilities utilities' hl h are assessed by the state board r f equalization n. n In addition to this cut it Is la pr cally certain that the assessed v vat srul- t- t of mining properties p will how a from td bout 48 The latter fig fig- Ire re is the pr preliminary total of the th i tate Late bo boards board's rd's assessments It Is not to any gr great at ch change he state constitution decide ho howo how mining ruining property shall be ass assessed and the matt matter f of mine ass assessment has been established st on u b. well un business s. s almost mathematical mathematical mathematical mathe mathe- basis Valuation 1 l n of f contents of mines based on onhree three times their net proceeds as fixed by law will this year ruts rut around n ns as compared with a year ago The Th reduction fr from ni this source of ot 14 Is offset to a slight ht ext extent nt by y the increase in tn v valuation of or minIng min min- Ing ng plants so that the net reduction lon tion in assessment of mining proper property ty will rup as indicated above aboTe about Exp Experienced d cd lo Total 1 O Again the valuations as fixed by county assessors are subject to equalization both by the county boards of equalization and by by tl tile the c state board While the former process process process pro pro- cess is frequently downward the theatter latter atter process in the past has been bee upward and some Bome additional property property property prop prop- erty is usually found in each county I during the year to bring up the the- theto total to to- tal al val valuations It is now believed quite probable therefore that the the taxes a of Utah this this- year will be levied on an aggressive valuation of at least There are other rea reasons ons why effort will be made to keep the he assess assessed t valuation of the state up p. p One is that the maximum tax provided bythe by the legislature for tor the district school district school cl ool fund is 46 45 mills From this levy the legislators calculated that the constitutional support of 25 25 per capita of school population c could uld be provided On an assessed valuation of the levy would to which may be added possible from interest inter inter- Interest interest est on the state school land grant funds or rentals from the thu l land nd itself it- it it self This would make a total of ot But the school population population tion of the state this year should run to and that is allowing allowing allow allow- ing practically nothing for tor the natural natural natural nat nat- ural Increase ase At 25 26 per capita this would require a revenue of ot 3 to the schools Even an assessed assessed assessed as as- as- as valuation of would not produce this amount at a 45 mill levy but it would lessen tho the difference between the actual revenue revenue revenue rev rev- of the schools and the amount they have a right to expect und under r the constitutional amendment adopted adopt adopt- ed by popular vote in th the state General Fund Affected The in institutions of higher education education tion are affe affected ted even more seriously than tho the school districts by any ry- ry reduction in the total assessed valuation valuation valuation tion of the state The state general fund also finds ts te main and most dependable source source of revenue In the general property tax ax and the administration not only of state offices but also of the courts and various other agen tes agen-tes ies might be seriously hampered by a in assessed valuation of more than The fuses presented by the county coun coun- ty y assessors have not been compiled officially by the board of or tl tion n. n A tabulation however nas been made of the totals for fol the main classes of property The footings of this tabulation show how that real estate a assessed by 1 county assessors this year h has t valuation valuation valuation val val- of aa as compared ed with final figures for last year The reduction is per cent or On the other hand county assessors assessors asses asses- i sors ors sors have valued on real Veal 4 estate this year at ij liS as against l last year rear an increase of 2435 per cent Livestock was rather expected to show a greater falling oft off than actually actually actually ac ac- occurred due to a larger number numb r of an animals found foun on Utah ranges The figure lor or las lasi year wore ware and fur for this year ear The Tho Is per cent Personal Property Drops The heaviest proportionate reduction reduction reduction tion of all comes in personal prop property ert erty other than I livestock Last year This this was assessed at This year this was asse assessed jed at t This year the totals are tire This years year's f figures show ow a reduction of per cent The main item in th's tb last rea reduction ic- ic tion tiou I Is due to the fact tact that tocks stocks oi of merchandise on hand hant shri shrank in value very considerably during the past year For example January 1 1 1921 found the companies suir suar su ir tr with large stocks of sugar on hand which was assessed at a l. l figure somewhat somewhat somewhat some some- what commensurate with the zhe retail prices cs prevailing at I that hit tint fine The rite p ice jice c ceas as of f J January J. J this year wae wa VB wavery very very much reduced az aud d there re had been considerable movement moy-ement oL ot the product t so that stocks wel were e not hot worth worth nearly so much Perhaps the biggest surprise of or orthe the totals however c comes Imes in the fact that the real estate values wire were not reduced seduced even more than was d done ne Atone At one time very a 3 even radical reductions were publicly publicly publicly pub pub- advocated on on real estate amI and particularly on farming property At that it is worthy of note that while the total on real es estate estate es- es 1 tate valuations as proposed by county county county coun coun- ty assessors runs less than of this amount Is actually the reduction in to valuation placed on improved farm lands ands by bythe bythe bythe the coun county y assessors Valuations in Duchesne Uintah and Wasatch are as for 1921 and 1922 respectively Duchesne Uintah Wasatch |