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Show REVALUATION OF COUNTY TAXES SCHEDULED FOR '48 Revaluation of improve and buildings throughout Ub.v county was begun July jj to t T1 I effect on the tax rolls 'in Y6 County Assessor J. Austin Co I announced today. The movemi!! I does not apply to land. I The revaluation is desi chiefly as an equalizing mea "a Mr. Cope said. He could not stat I definitely at this time wheY I the move would mean an incY I or decrease in general valuation! I but expressed the opinion that it I would mean little, if any, chaY for the average taxpayer. I The actual revaluation cannot I be determined until a represent I tive year is selected for the entir" I state on which the new values will be selected by county tax officials of the state at the National Asso- I ciation of County Officials in Salt I Lake City the latter part of this I month. Present thinking on the I subject, he said, holds that it should be about 1940. I The revaluation is in line with I legislation of the last state ses- sion, which said that improve- I ments and buildings should be as- I sessed at 40 percent of a "fair I cash value." Should the year 1940 I 1 or any v other year, be picked ori I which to base the value, the new I valuation would be 40 percent of I f construction costs of that year I I less depreciation. ' I ' The county assessors who began I ' the reassessment on building and ' improvements in Lehi on July 1 I ' I are thus fir gathering only the 2 necessary information, and will I not make actual assessments un- I 1 til the year is picked on which the I s new valuation will be based. I 41 I Mr. Cope today urged that all I property owners cooperate with I ") assessors working on the new pro- I -ject. He emphasized it applied I only to buildings and improve- I ments, and not to land. Utah coun- I ty land received a 20 percent as- I sessment boost this year. I |