OCR Text |
Show LOCAL VALUATION WILL BEALTERED The reduction In assessments of property attributed to the new household exemption law, will lower assessed valuation of property pro-perty in Bingham Canyon about $60,880, County Assessor A. J. Skidmore recently notified City Recorder Eugene Morris. An exemption of not more than $300 on the furnishings of the home of each householder was enacted by the 1939 legislature, legisla-ture, and this provision will make a difference in Bingham's property valuation, which was listed in tax assessment rolls of Salt Lake county in 1939 as $2,-252,285. $2,-252,285. About $1000 less in taxes would be collected at the present taxation rate of 13 'a mills by the city with the new reduction in household valuations. Due to a revaluation of im provements in Bingham by the state tax commission, the property pro-perty has risen in assessed valuation valu-ation $79,840. The increase by this change will more than offset off-set decrease in valuations brought about by the household exemption exemp-tion law, Mr. Morris anticipates. |