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Show Property Reappraisal Program Contract Signed for Grand County Members of the Grand Counts Commission and the Utah Slate Tax Commission Com-mission met Monday, May 21, to finalize a contract for the complete reappraisal of Grand County. The examination and valuation of all privately pri-vately owned real property prop-erty in Grand County is part of a state wide program pro-gram authorized by the 1969 legislature and is designed to equalize properly pro-perly assessments between be-tween Utahs' 29 counties. coun-ties. The cost of this program in Grand County Coun-ty is estimated at $48.-129. $48.-129. According to the contract, the state is to assume 70 per cent of the total with the remaining re-maining 30 per cent or S14.439. obligated to Grand County. In slating the purpose of the reappraisal program, pro-gram, Mr. Arthur L. Partridge. Local Valuation Valu-ation Division Director said this is definitely not intended to be a revenue reve-nue producing measure. Its purpose is to insure the continuation of county services at an equitable cost and consistant rate to each and every property prop-erty tax paving citien throughout the slate. Mr. Partridge noted that most appraisals probably prob-ably will show an increase in-crease in assessed v alue over their previous assessed as-sessed value, established establish-ed in the reappraisal program of 1959. when ihe new assessed values are placed on the roles in 1975. This increase is due primarily to the rise of inflation during ihe vears that have elapsed betw een appraisals. ap-praisals. Mr. Partridge said thai there is a statutory statu-tory limitation however, to the amount of increase in actual tax dollars collected col-lected by ihe county as a result of the reappraisal reapprais-al program. He cited section 59-5-111 of the 1953 Utah Code Annotated, Annotat-ed, as amended in 1969. which savs in affect that counties cannot realize a tax v ield in excess of 106 per cent of the tax j ield for operating and maintenance expenses for the vear just prior to ihe initiation of a re- appraisal program When the rea;;-. j is completed. I Countys' over dividual proper -eluding more th""- ' structures will hveV examined and va:-' Certified Appraiser.' " the Local ValuaSx" 1 vision. This o.-t i prov ide the cor-.r. r ' new, more detail' up to date proper? rr i ords: an inventor";' property in thecal--; eluding exempt pr,;'-and pr,;'-and property not piously pi-ously on the tax r. a new serial nur.x-system nur.x-system based or.ii:: pertys' geographic :k lion: and a s:ep tin-equalization tin-equalization of ti -burden so that ea:;i payer assumes his i share, no more ai.: less. . |