Salt Lake Telegram | 1935-11-16 | Page 4 | Save Your Property

Save Your Property Utah state tax commission earns commenA commendation THE A I dation for launching a businesslike campaign to acquaint prop property owners whose taxes are in longstanding delinquency with the the ad advantages vantages of an act of the last legislature providing substantial substantial substantial sub sub- relief and making it possible for them to save their homes businesses farms and lands A well-knit well program of general and direct ad advertising advertising advertising ad- ad outlines outlines' the new emergency law which expires January 1 1936 Its principal provisions are clearly explained and information in detail pertaining to individual dual cases may be obtained I from all county treasurers It is of real importance importance importance tance for property owners to learn how they may save themselves from loss and at the same time save money In the tax commissions commission's advertising two features features features fea fea- tures of the law are made clear Those who take advantage of it by paying their delinquent taxes 1934 and previous years as far back as 1928 will benefit by a reduction of interest rates from 8 per cent per annum to 2 per cent for delinquent taxes for the years 1928 1929 1930 1931 1931 1932 and elimination of the 2 per percent percent percent cent penalty on delinquent taxes for the years 1928 1929 1930 1931 1932 Back taxes for 1933 and 1934 will bear the usual 2 per cent penalty and 8 per cent interest rate A folder issued by the commission gives a atypical atypical atypical typical example of the working of the plan As an example lets let's say that the taxes on Mr Smiths Smith's home are per year and nd axe are delinquent as far back as 1928 On the basis of the usual penalties and Interest in interest in- in terest rates it would cost him to redeem redeem re re- re deem his property But by taking advantage of the emer emergency ency law and paying all taxes by January 1 he would be required to topa pa pay only an an actual red reduction of This is a savin saving of 28 From every standpoint of self protection as aswell aswell well as public cooperation it is desirable and nd wise for property owners to pay their taxes in an in full before January 1 1936 and redeem their property Then hen there is an alternate plan There is is however an alternative plan provided pro pro- pro pro- vided by the legislature for those who are arc not able to pay all their taxes now but who desire to save their property believing that they will be in in a better financial position a year from now This applies to those who owe back taxes for all or any of the years 1928 1929 1930 1931 These property owners owners own own- ers will be granted a year one-year extension by paying all delinquent taxes for the years 1928 1923 1929 1930 1931 before the taxes for this year become delinquent In other words it gives them another in year which to s save ve their holdings from tax sale because of de de- taxes Prope Property ty with de delinquent taxes for any year ear between 1928 and 1931 inclusive which is no not redeemed by payment of all back taxes or upon which no extension has been obtained under the law will go to tax deed after January 1 1936 and be sold at public sale during the month of 1930 2936 The he consequences of permitting I property to go to toa a final tax tak sale sal are pointed out by the commission The supreme court of this state has held that if you permit your property to go to final tax sale the Uthe purchaser from the county then takes with a new and complete title in in the land under an independent grant from the sovereign authority which bars or extinguishes all prior title and incumbrances of private ate persons and all equities arising o out t of them The purchaser from the county takes a atiUe title free and clear of liens Hens otherwise the county would be hampered in collection of taxes and prevented from again ha having the property returned to the assessment rolls roUs This means that after the final inal tax sale you will lose Jose your title to tlc the property and the only way you can reacquire it is by purchasing purchasing ing it from the county as any other purchaser could do The benefits which will come to property owners the state counties and communities are areso areso areso so easily understood that the tax commission should receive the vigorous support of all aU taxing units and county treasurers in an effort to get maximum results from this this this' emergency law Property owners should a at L Q apply for de details details details de- de tails of interest to them in their individual cases All county treasurers will be able to supply any information desired