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Show Protests May Result In I Property Revaluation Revaluation of Springville business frontage by tbe UtaK county assessor's office was expected to begin this week, following protests made on Monday, by a group of Springville men who declared their valuations had been increased as much as 500 per cent in some instances. in-stances. Headed by Attorney A. Sherman Christensen, the delegation explained ex-plained to the county commissioners commission-ers and Assessor J. Austin Cope, Jr., that the valuation in some cases was higher than the property proper-ty had actually sold for in recent years. Initial action for the revaluation reval-uation of the property was begun by the ' local Chamber of Commerce Com-merce and the committee was chairmaned by G. Lowry Anderson. Ander-son. In answer to the complaints, the assessor stated that only in two extreme instances was the increase in the 500 per cent range. These, he declared, were used as a basis for arguments by the delegation. One of these Main street lots, Mr. Cope declared, previously had been valued at $211 and the other at $119, even though they are business property. Many residential resi-dential lots of comparable size are valuated at a higher figure than that, the assessor said. -. He said that his office had made an attempt to equalize assessments, assess-ments, and that some decreases had been made in business property prop-erty valuations as well as some increases. in-creases. The county commission and Mr. Cope promised the group they would again canvass the Springville business district to see if they felt any adjustments adjust-ments were necessary. The canvassing was expected to get underway this week.. Ernest A. Strong challenged anyone to name any property as (Continued on Page Twelve) Protests May Result In Property Revaluation (Continued from Page One) having sold for more than $62 per front foot since 1940. Ex- amples of valuation increases read by Mr. Christenson were $119 in 1947 to $1402 in 1948; $878 in 1947 to $1525; $469 last year to $2600 this year. Property owners warned of the dange of tax valuation on inflationary in-flationary levels because prices will slacken off and with increasing increas-ing competition businessmen will not be able to meet high tax rates, they said. A formula proposed by the merchants mer-chants was a valuation of $25 per front foot for property with a 100-foot 100-foot depth, and proportionately more or less for varying depths. - Orem businessmen recently protested enmasse over their U.S. 91 frontage assessments and obtained ob-tained extensive readjustments. About 50 residents from Provo appeared ap-peared to protest their assessments assess-ments recently, most of whom were Center street businessmen. |