Show FAn FARM l INCOME TA TAX TAIS IS STUDIED I BY UNITED STATES OFFICERS J. J T. T Sanders of Washington D.C. D.C. D.C. D. D C. C assistant agricultural economist On the division of land economics Is in Utah to study what proportion of ot the Income from farm land is s absorbed absorbed absorbed ab ab- ab- ab by the general property tax on the same lands His visit here Is Isa Isa isa a part of an Investigation being carried car reed ried on in some sonic thirty tares states Mr 1 Sanders has already aready conducted conduct conduct- I I ed a considerable investigation in Salt Lake Lale county farm lands He finds that the most exact Basis nasis available available available avail avail- able for obtaining tho the income from farm lands as distinct from the Income in income income In- In come from farm lanes lands and the managerial ability and ana Industry of the occupant is s the rental paid vald on farm property The Investigator said that tha the re results results results re- re of ot his work will be published In bulletin form in Washington and will not be made public before then Some work has been cone along this line in the past In a few tew of ot the states It has been found that toe the ratio of taxes to rentals varies highly in the localities where investigations have been completed running in some Instances instances instances in in- stances as high as 15 75 5 per cent of ot the rental Income going In taxes The remainder of ot course was not a fair return to the property owner on the tho valuation placed on the property In those instances Mr Sanders said Such conditions prevailed prevailed prevailed pre pre- however under unusual conditions conditions conditions con con- as to values of farm lands and In somo states of the northern Mississippi valley region where farm land prices ran very high a few tew years ago The basis of value taken taken taken tak tak- en In such cases was with proper allowances the owners owner's belief as to the worth of at the land |