Salt Lake Tribune | 1915-11-14 | Page 20 | Expect Shortage

EXPECT SHORTAGE. Tax Situation Causes Officials of Weber County to Worry Over Funds. Special to The Tribune. OGDEN. Nov. JR. Held by the new law to a .restricted tax levy that is based on the proposed increase of two and one-Italf one-Italf times the present at-sessed valuation of property, officials of Weber county are agitated over a prospective shortage of money next year by reason of their belief be-lief that the proposed fncroaae in assessment assess-ment cannot be made. To follow out the plan of the state board of equalization by more than doubling the present assessment as-sessment of property would, in many instances, in-stances, mean an assessed valuation In excess of the real valuation, according: to those who have investigated the subject. sub-ject. This is due, they assert, to the fact that in the past improvements in most Instances In-stances have been assessed too high. If tlie assessor is now to follow the board's advice and increase the assessed valuation valua-tion two and one-half times on the proposed pro-posed plan of full raluatlon. ho will be assessing property at far more than it Is actually worth. The only method that can be pursued, according to the auditor and other officials, is to assess to tbe full valuation and then apply the maximum levy under the new law, even though it means a reduction in the amount derived de-rived from taxation. Under the present old method. "Weber county property Is assessed at a valuation of approximately S22.iJO0.000.