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Show ! o- 7 ' .J r- I r r V T-:"? T'V 1 ' 1 " ; pi - f T; 7 V7 : ! Under the above heading, Her- . ' chel BuU.'n, president of . the ; Utah Siate Realty Association, was creditid with an article appearing in the Deseret News Saturday j night, which may be of interest , to property owners and taxpayers i in this city and county, as follows: fol-lows: Tax limitation reduces property taxes, prev-ents tax increases, forc- -es economy in the total cost of government and causes a broadening broaden-ing of the tax base so that all forms of wealth contribute pro raia to the cost of government. A New Jersey conference of .real estate taxpayers, a Minnesota conference, a Utah conference and the like organizations in : North Carolina, Indiana and Ar-1 Ar-1 vrnv hwn formed 'within. recent weeks for action on the , general plan of the new National i . Conference - of Real Estate Tax- i N- 4. .-. ' payers. ' ' They will ' bring '. togeibcr to ; " - : these states important" groups directly di-rectly concerned with real estate tax adjustment which have al-. al-. ready reached a meeting of minds .nationally upon general principles through which, such adjustment can effectively be attained. These include real estate boards, "under the leadership of the real estate association, the great farm organizations, organ-izations, owners and managers of Investment real estate, mortgage lending groups, home owners and farm owners. Real estate tax reform is actively ac-tively under discussion also in Pennsylvania, Illinois, Michigan, Wisconsin, Iowa, Alabama, Florada, Georgia Louisiana, Nebraska, Texas Tex-as Colorado Oregon and Califor- nia. Important recent gains include Washington's reenactment for the fifth biennial period 'of its overall over-all limit on the real estate tax i, rate and Florida's abolition of the S state tax on real estate. iir,(r to a recent (ah. Froperty aciuio - SA study of the Public Administration -Clearing House, pays twice as big :a proportion of the total costs of government, national, state and Vocal, as does any other tax source. Vhe placing of an over-all limit lim-it on the rate of tax which may be levied upon real estate has been laken as the first objective of th newly formed state conference con-ference of real estate taxpayers in : New jersey, North Carolina, Minnesota, Min-nesota, Arkansas, and Utah. In Indiana, where this initial measure 'has already been achieed, a rewriting re-writing of the assessment Jaw W lit niodern conditions is next pro- poseq. A bill is expected to be introduce intro-duce at the coming legislative sessicn that would outline assessment assess-ment procedure upon the principle princi-ple that capacity to produce income in-come iS a' basic element of the valuj of a property for tax purposes, pur-poses, n Michigan, another of the Vine states which have put a ceiling ceil-ing on the real estate tax the state real estate association ask for a legislate study of assessment methods looking to similar action. The permanent National Conference Con-ference of Real Estate Taxpayers, forced to aid such states as desire de-sire it in their work of real estate es-tate tax readjustment, was formed form-ed t.t a widely representative national na-tional me-jting on real estate taxation tax-ation held in Washington in April of the present year. Sponsored by the U.V.i'.'t-.al Association oi Real Esta'.-- I'tvcIs, the Amevr."Ln Farm JBurvni Federation, the Wr.UonU Gr.-.r.gr, the National A relation (Cc-nlt.iucd on Pag.. E"cit) |