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Show Property Taxes Raised 7.64 Mills In Milford The total property tax imposed im-posed in Milford was increased by 7.64 mills this year, according accord-ing to an analysis prepared by Utah Foundation, the private tax research organization. Milford's overall property tax levy i.n 1972 is 103.63 mills ($103.63 per $1,000 assessed valuation.) This compares with a total levy of 93.79 mills in i970 and 96.24 mills in 1965. The following tabulation shows the trend in "Milford's total tax rate since 1950: Year Total Mill Levy 1950 C0-73 I960 80.40 1965 96.24 1970 93.79 1971 95.99 1972 103.63 Approximately 54.2 of the property taxes charged in Mil-lord Mil-lord this year will go for school purposes. The Foundation report re-port shows that 27.5 of the property tax will go for muni-, cipal purposes, 13.5 for county coun-ty purposes, and 4.89'r for spec, lal district purposes. A breakdown break-down of the 1972 property levy in is as follows: Purpose Mill Levy Municipal 28.50 ance revenues in the uniform school fund against expenditure expendi-ture requirements of the fund. Some major mill rate reductions reduc-tions were experieinced in ten counties which were revalued this year. In several instances, the declines amounted to 20 mills or more. Utah law provides pro-vides that taxing units must adjust their local levies downward down-ward in any year that higher assessments result from the property revaluation program. Foundation analysts emphasize that in such instances mill rate reductions do not .necessarily mean a decline in the tax burden. bur-den. In many cases, the correction correc-tion of underassessments for some taxpayers under the re-vauation re-vauation program more than offsets the mill levy reductions. The report notes that there has been a decided leveling off in Utah property tax mill rates during recent years. For example, ex-ample, the average overall mill rate in the 65 cities under review re-view has risen less than 1 since 1965. The 1972 average levy is below 1971 and 1970 levels. This compares with increases in-creases of 15.3 between I960 and 1965, 20.1 between 1955 and I960, and 17.57, between 1950 and 1955. School 56.13-1 County 14-0 Special District 5.00 Total 103.63 ( Includes state school levy of 4.6 mills) Property tax rates declined in most Utah communities this year, according to the Foundation Founda-tion report. A survey of 65 major ma-jor Utah cities shows that total property tax rates declT.ed in 59 cities and rose in only six communities. The overall average tax rate in the cities surveyed was reduced re-duced from 89.07 mills in 1971 to 86.38 mills in 1972. The major ma-jor factor in this decline was a 2.6 mill reduction in the state levy for support of local schools. The state school levy is established each year to bal- |
