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Show UTAH EASES BURDEN OF TAX PAYMENT New Statutes Provide Discounts Dis-counts for Early Remission on Assessments Penalty Decreased for Delinquency 1 (Salt Lake Tribune) Several important changes in the setup for the payment of the tangible property taxes of Utah are carried in the new laws adopted ad-opted by the recent legislature, and will go into effect when the revised statutes of Utah, 1933, become effective. The new regulations are designed de-signed to make tax paying less of a burden than it has been, and to encourage the payment of delinquent de-linquent taxes. IThe new laws make possible the following concessions: To pay the year's taxes as early ear-ly as January, in which case a 5 per cent discount is allowed. The rate of discount gradually decreases at the rate of one-half per cent a month, until 1 per cent is allowed for payments on taxes made during September. No discount is allowed on taxes paid after that month. 'To pay the taxes in instalments of $10 or more, the same rate o f "d is c 0 ufif tTe" i h gTTorAj2nJ?2r tial payments as if the taxes were paid in the full amount. To pay only a 2 per cent penalty, pen-alty, and interest at the rate of S per cent a year on delinquent taxes. At present the penalty is 3 per cent, and the rate of interest in-terest is 1 per cent a month. To pay the amount of the delinquency, de-linquency, with interest and costs, in instalments of $10 or more, each instalment paid lessening les-sening the principal on which subsequent interest is charged. Wihen' the four-year redemption period is about to expire, to prevent pre-vent the county from passing title ti-tle to a third party, by paying that part of the tax which is four years delinquent, plus the penalty, penal-ty, plus the interest accrued on the four-year delinquent tax. ITo clear his property of delinquent delin-quent taxes for the years 1928, 1929, 1930 and 1931 by paying, before January 1, 1935, all accrued ac-crued t'axe3 plus interest thereon at the rate of 2 per cent per annum. an-num. In this case even the penalty pen-alty is omitted, and the interest rate is made so low that as a matter of fact the person who paid his taxes for the four years designated is actually penalized by the legislative act. The foregoing provision does not apply to taxes permitted to go delinquent for the taxable year 1932, due last fall, nor for this year. Nor, as a matter of fact, is there much incentive for the person per-son whose taxes went delinquent for the four years mentioned to pay up his tax bill before Decem-(Continu"d Decem-(Continu"d on last page &m I ' I I I TAXES (Continued from page 1) ber, 1934, inasmucli as, if lie has the money, he can place- it in a savings bank and earn in interest twice as much as he would save by giving it to the county treasurer. treas-urer. Finally, the new tax laws extend ex-tend to the period beyond the redemption period, if the prop-; prop-; erty still remains in the bands of ; ' the county. The present laws and the new taws provide at public auction ' for the sale after four years of the property, or so much of it ; as is necessary for the county to recover the taxes due with pen- alties and interest. I If, however, no sale is made at I that auction, the new law per- ; mits the sale of the property alt ; any time thereafter by the county ! commissioners, at either public or ' private sale, .''for such price and ; upon such terms as the board I may determine". I The purchaser must pay at least ; 20 per cent of the purchase price ; and agree to pay the balance I within four years, in annual or more frequent instalments, with ' interest at 6 per cent per annum ; on balances. The person who pur- ; chases the property from, thee . county will have to pay taxes on- ; ly on his equity in ithe property, ; and not on its full value. |