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Show :roprf y flcax on$50f00 home kernel I coverages $25 J Mes on a home valued at .Sl would average $258 or market value' ThiS Cm" Statewide average property proper-ty n of S460 on a $50,000 home, market value. J l,,ntvtaxona$50,000 home ffif the market value. In 'Snty the tax is $184 r 'city tax on a $50,000 : S r . and in Roosevelt $270or-54'a mg 4dation report. " .re some of the facts shown 'iTreleased study of property ti n Utah prepared by Utah the private tax research tothe report, the average VTT v load on a $50,000 home in ' inge all the way from $147 , Comity to $668 in Riverton f located in Salt Lake County. -1 variation in the property tax 'comparable properties is the ' (differences in tax rates and in '.It levels in the various sec-'vthe sec-'vthe state. Both of these factors ''-tally important in determining the tax burden on specific properties. An analysis by the Foundation of tax rates throughout Utah shows that the 1979 total levies ranged from 29.36 mills ($29.26 per $1,000 assessed valuation) in some unincorporated areas of Sanpete County to a high of 99.02 mills in one section of Ogden City. At the same time, assessment levels for locally assessed real property in Utah varied from a low of 4.90 of market value in one county to a high of 20.20 in another. An earlier Foundation study noted that Utah completed the first round of a statewide property revaluation program pro-gram last year. When this program was launched ten years ago, it was hoped that it would bring about greater assessment uniformity. Rising inflation in property values, however, has destroyed much of the assessment uniformity brought about by the revaluation program. It is hoped that legislative changes enacted in 1979 will gradually correct these inequities as the state proceeds into the second round of the revaluation program. Although property taxes have risen in Utah during the past decade, they are representing a steadily declining proportion pro-portion of market value. Following is a tabulation showing the average property proper-ty tax level in Utah during the past decade: Property Year Tax Level 1970 1.31 1972 1.24 1974 1.03 1976 . 1.04 1977 1.01 1978 0. 1979 0.92 From the foregoing, it may be noted that the average property tax burden in Utah now is below 1 of current market value. According to the Foundation Foun-dation study, only Salt Lake County and some municipalities in Carbon County report a property tax level above 1. A major objective of the Proposition 13 limitations imposed in California and several other states was to place an overall 1 maximum on the property tax burden. |
