Show Utah Foundation Reports i Property Properly Tax Reduction I The total property tax Imposed In InVernal inVernal inVernal Vernal was reduced by mills this year ear according to an analyst prepared by Utah Foundation the private tax tux research research re search organization VERNAL'S OVERALL property tax levy In 1972 Is mills per 1000 assessed valuation This compares compares com pares with a n total levy of milk In 1970 and mills in 1965 The following followIng follow follow- ing tabulation shows the trend In Iner Vernal's Ver Ver- nals nal's total tax rate since 1950 1950 1960 1900 1970 1973 1971 1972 Approximately percent of the property taxes charged in Vernal this year ear will go for school purposes The Foundation report shows that percent per cent of the property tax will go for forIn In municipal purposes percent for county purposes 17 percent for special district purposes A BREAKDOWN of the 1972 property tax levy in Vernal is as follows Purpose Municipal mill levy 1500 School County 1180 Special District Total S Includes state school levy of 46 mills Property tax rates declined in most Utah communities this year according to the Foundation report A survey of 05 65 major Utah cities shows that total property tax rates declined in 59 cities and rose in only six communities THE OVERALL average tax rate in the cities surveyed red was reduced from I 89 07 mills ml In 1971 to mills In 1972 1 The major factor In this decline derline was a n afi 16 G milt mill reduction In the state levy for support of or local schools The state school levy le Is established e clu year to balance revenues In the tIll uniform school fund a against a- a expenditure requirements of the fund S ine S maior malor mill rate deductions were exp experienced in ten counties cooties which were revalued re this year In several se Instances the declines amounted to 20 mills ml or more ore Utah law provides that taxing units must adjust their local levies down ward In any year vear that lint higher highel assessments ments result from the property revaluation pro pro- gram FOUNDATION ANALYSTS emphasize that in such instances instance mill rate reductions lions do not necessarily mean menn a decline in the tax burden In many cases the correction of under assessments I for some ome taxpayers under the revaluation program more than offsets the mill levy reductions The report notes noles that there has been beena a decided leveling off in Utah property tax mill rates during recent years For example the average overall mill rate in the 65 cities under review has risen less that 1 percent since 1965 1905 The 1972 average levy is below 1971 and 1970 le Ie vels vets This compares with increases of percent between 1960 and 1965 percent between 1955 and 1960 and percent between 1950 and 1955 |