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Show MUMiinn-Wubui 15.g per ceiu i;:ci set DYTAXCQ.TiD Ore Companies Are Hardest Hit in Valuations By Jennings raiLLirs The state tag commission Wednesday tooic the first step toward drafting Utah's 1037 property tax bill by assessing mines and utilities at $224,147,-S08, $224,147,-S08, an Increase of $28,343,768, or 15.1 per cent, over the 193S figure. Tbe 1ST! emmt Ml Is i Je le sqnanaaalin. As la the pest, mlnse sore the berdea ef Increase. Of the .. TSS boost, IM.130.U1, or M per seat. Is borne by Bin. I ' Te the s anmint ef mines an 4 Unties yet hum's added veJua-'Ittona veJua-'Ittona ST eountv in of tool property, Improvements, fi restock aad ftr tonal property. SSTteot.soS Value The total Valuation of IMS. In- -eluding both the taa commission's and county eu.esor'e valuations, was tU3.0U6.0GO after equalisation. Tbe valuation ef mlnse and ntll-Itlee ntll-Itlee compared with e figure ef 1771.000 0U0 In ISM. when the state's total valuation of property waa at the record high of 172 ouo.000. Of the 2J.l7.a assessed sgslnst mines end utilities, SsOes, 71S Is sgalnat mines. This assessment of mlnse tncludee Ihe following throe divtsione: t-'-V-M.XtX represented by the multiple of throe tlmse the net proceeds; tll.lut.lt for machinery and equipment, equip-ment, and IS.SSl.M for land assessed as-sessed at Is aa acre. Fred action stofleetsd The assessment reflects lacrosse d production aad net returns, since the multiple ef throe times the est. proceeds waa M, Tuls 11 la lsM. Including mines, there were In-treat In-treat st In nlnt classes ef property eesssssd by the commission and doers esse In only two. The boost In tbe mlnse and utilities utili-ties assessments will mean an Increase In-crease la the total valuation ef ell property, If valuations by county assessors do not drop. On the contrary, con-trary, the yare sxpected te be increased. in-creased. Such a boost In valuations would moon a drop In taa levies, ordinarily. ordi-narily. If eapensee were kept, at the sum level. Howtvtr, It It regarded aa certain cer-tain the levy for the stats gensral fund, sllmtnelod In the political campaign yeae of IMS, will be re-Imposed re-Imposed this year. Return of this levy could raise the total stats levy, but could be offset by the now unknown factor of surpluses In ths sales tea, rev- tOeetkiuea' ea Pate Seres) i CnlHsni Twel |