Show 1 r- r Property Ta Tax Not So Bad R Report port Shows Ut hns may lake ake some ome comfort com fort t Iii teamIng that the relative rela rela- tine the t property rop tax burden on q home bone owners In Ut Utah h Is b below the averages tor for the UnIted States Stat the Mountain States and the Western States Thus This ThIs tact fact was wa repotted reported In Lh a ft research study tudy recently com corn by Utah Foun Foundation the Private tax tu research Lion The Foundation study tudy was based on analysis of ot property J II DU I It transactions i Involving tam oM Uy Hy 1 homes bones financed roan d through the tho Federal Housing noU Administration in 1959 1929 t Property taxes were equal to slightly more than 1 per r C cent nt of t the sales dales price on properties financed through the FICA n fn n Utah during 1959 according t to the Foundation report This property ro tax load was approximately approximately approximately 20 per cent below the Ute average for tor the nation as a a whole Utah ranked among the 50 states in the relative property tax bu burden n on new homes and on an existing homes The study points out that the relative property properly tax trot load on home owners is more than twice as high in Massachusetts as it li is liin in fn Utah Home nome owners in hi South Carolina on the other hand pay only about half hatt as much in property property property pro pro- perty taxes on the same value home as do Utah home owners Most of the high property tax states according to the study are found in the East Fast and the Midwest States with relatively low property tax loads toads generally general general- ly 17 are in the South Another comparison made by bythe bythe bythe the Foundation was the Ute percentage pereen- pereen tage of home owner Income goIng goIng going go- go Ing for property taxes Utah also ranked below the United States Mountain States and Western States averages In this measure measure- ment In Utah property taxes were al to 22 per cent of thel the annual Income of or persons purchasing purchasing pur pur- purchasing chasing a new home hom financed through in 1959 For persons persons per per- sons buying an existing home hom property tardes averaged per cent of annual Income In Inthe Inthe Inthe the United States as a whole property taxes were equal to per cent of home owner income in- in incOme Income In in- come on new homes and per Jer cent on existing homes |