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Show Cntty ESteveiniuae Cut My Move Off Tan (Comnss&fssEOS&efs : LEATIIAM SAYS COMMISSION'S PROBLEM EQUALIZATION OF TAXES, NOT FUNDS Serious revenue problems confront con-front Salt Lake county tax unltt as a result of the slash In valuations valua-tions of improvements on property ordered by the state tax commission. commis-sion. Representatives from county units expressed their disapproval ot the action of the commission in a meeting called by the county commissioners com-missioners last Thursday a.m. In the City and County building m Salt Lake. School district budgets adopted prior to the announcement of the state tax commission cut will force school districts to exceed allotments al-lotments for their expenses or be augmented by an Increase in tax levies, declared school board speakers. speak-ers. Eugene Morris, representative of Bingham at the meeting, pointed out this week that the 10 per cent cut in assessed improvement valuation valua-tion results in a reduction of 1586,-856 1586,-856 in town valuation since 1932. Assessed valuation in 1932 was $2, 561,242. The estimation of valuation valua-tion this year was placed at $2, 022,010. The 10 per cent improvement improve-ment valuation assessment cut reduced re-duced that figure to $1,974,386.00. Revenue Losses Commissioner B. F. Qulnn at the Thursday meeting pointed out that the state anticipated a two mill cut In state tax rate, but "relief in taxes tax-es may be lost to taxpayers by the necessity of boosting the levies In other tax units because of the lower low-er assessed valuation." Commission Explains Howard P. Leatham, state tax commissioner, explained that the duty of the tax commission was "to equalize tax assessments." Said Mr. Leatham,, "We found that improvements improve-ments now are assessed on a higher ratio than other classes of property and we sought to equalize tax assessments. as-sessments. Ours is not a revenue problem." |