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Show COUNTY BEGINS WORK ON TAX ASSESSMENTS Consultations with Geneva Steel company officials will begin this week preparatory to setting the 1947 assessment for the Geneva Steel plant, J. Austin Cope J., Utah county assessor, said. Mr. Cope said consultations with the state tax commission concerning con-cerning Geneva will also take place before the assessment is made. Assessment of the sprawling steel plant has particular significance signifi-cance this year because it will be the first placed on the plant as a privately-owned concern. Under government ownership, only real property of the plant, comprising land and buildings, were assessd for taxation. Machinery and equipment, equip-ment, held not taxable while government-owned, is now open for taxation as the private property of the Geneva Steel company. The only statement so far on how much additional assessment is expected came from the outgoing outgo-ing 1946 county commission, which said the 1947 Utah county assessment assess-ment might be "about $150,000,000 greater than 1946, most of which would come from the Geneva plant." The Geneva plant under government govern-ment ownership was first assessed at about $21 million and later dropped to about $10,500,000. , Mr. Cope revealed that most of his field assessors are now at work and all 18 will be in the field by Tuesday of this week. They are concerned principally with assessment of personal property, prop-erty, plus improvements and additions addi-tions made to real estate. Assessment Assess-ment of this type of property will be approximately . on the same basis bas-is as last year, Mr. Cope said. He pointed out that most personal per-sonal property in Utah county is already assessed at around 30 of market value or slightly above, so no great revisions would be necessary if the county commission commis-sion should later decide to adopt the state tax commission's recommendation recom-mendation to raise valuations to that point. The county commission has the latter proposal under advisement ad-visement but has taken no action as yet. Field assessors should have their work completed by April 1, Mr. Cope said. |