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Show Taxes in Utah County scheduled for increase the old schedule took 65 years to reach 30 per cent minimum, but under the new it takes 74 years to reach a 34 per cent minimumr. Utah County Assessor Ivins, points out that will hit owners of older homes some of whom can ill afford to pay increased taxes Of course taxing units such in theory, drop the mill levy, but there has been no idica-tion idica-tion that they will do so. Assessed valuations on Utah County buildings are expected to increase by an average of 22 per cent next year due to a State Tax Commission directive, direct-ive, Utah County Assessor Guy H. Ivins said today. However, the increase will not affect this year's taxes. Generally the increased assessed assess-ed valuation will be due to taking a longer depreciation period with a higher minimum valuation The increased valuations will go into effect in seven Wasatch Was-atch Front Counties. G. W. Burton, secretary of the Utah State Tax Commission, Commis-sion, said objective of the changed valuation is to set assessment at about 20 per cent of market value. Under the old tystem, a frame house after 57 years would depreciate to 30 per cent of its original valuation while under the new plans it wil take 67 years for it to be reduced to a 38 per cent minimum. min-imum. Under the old schedule, a brick home took 62 years to be reduced to 30 per cent minimum, while under the new schedule it will take 72 years to reach a minimum of 33.5 per cent valuation. Fireproof commercial buildings build-ings including brick offices, stores, apartment houses theaters thea-ters and hotels under the old schedule reached a 30 per cent minimum after 57 years, but under the new schedule ill take 62 years to reach a 34 per cent minimum. Industrial buildings under |
