Show BOARD BOARD 0 CITES COST OF TAX o RELIEF RELI E PLAN Huge Loss in Revenue to Follow Fol- Fol low Exemption Scheme Sa s Report If Ie a proposal of of tax revisionists revisionist to provide exemptions on of or the th tha a assessed valuation of each home InI Inthe in inthe the state were carried out I matel mateI two thirds of ot the taxes from fromI improvements would be lost to Utah I and its political subdivisions This fact with other revelations I of the effects of ot such a form or of tax t x relief was brought out t. t Friday bythe by bythe bythe the committee of or nine in another fee fee ec tion lion of its forthcoming full to report to Governor Henry H. H Blood 1 The committee reported on results of a study undertaken because of ot Increasing increasing in in- creasing agitation for pro property tax reI relief iet One popular proposal is to provide exemptions of ot 1000 2000 or on small mall homes The study was based on the sampling sampling sam pling method by which appraisals were made by b the tax commission in Box Elder Kane Morgan and San SanJuan SanJuan SanJuan Juan counties and Ogden City The counties are arc in different parts of ot the state thus giving what the committee commit commit- tee regarded as a lair fair cross section U 38 Homes Appraised In the procedure homes In Inthe Inthe Inthe the five Live political subdivisions were appraised Taking thIs method as asa as-a a fair one the committee reported that to gran grant exemptions on 1000 of a assessed va vat val would charge oft off per cent of all taxes received from Improver Improvements improve Improve- r ments which in Utah Ulah tax langu language ge means homes This percentage applied to the amount of at taxes received in lu-i 1933 would reduce taxes received d from improvements im by A 2000 exemption would mean loss of 53 74 per cent of improvement improvement improve improve- ment taxes or or on the basis of 1933 tax payments Exemption of would cause loss of ot 1 per cent or on the 1933 1033 basis basis- of improvement t taxes No Recommendations S The report made no recommendations lions but pointed out this proposal for Cor or relief does not touch on inequalities ties lies of the assessment basis Such exemptions applied in small mall cities and towns would d destroy troy much of iL the basis of revenue for these subdivisions subdivisions sub sub- divisions the report said resulting in a great decrease in local tax pay pay- men ments ts The leport i placed homes in inthe inthe inthe the five subdivisions studied in the 1000 group in m iri the 2000 cl class c 2830 1830 in iri the class and 2332 inthe in inthe the he group above The report valued tax exempt property that held by schools churches Indian reservations and charitable institutions at of or f which was owned by schools |