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Show 1370 PROPERTY TAXES LOWER THAN LAST YEAR Tho ovrrall property tax rate i; Milford decreasod by 6.50 niMIs this yrar, according to an annlvsis prepared by Utah Fcuvdation, 'he private- tax research re-search o rg a n i . a t i o.n . Milford's total property tax levy was S3.79 mills ($93.79 per 31.000 assessed valuation). This compares with a total levy of 100.29 mills in 19(9 and 96.24 mills in According to the study, the property tax rate in Milford ha:- risen 17 since I960, 54", since 1950, and 131 since 19-10. Following is the total tax rate in Milford during a number num-ber of selected years: o4(1 4o.G5i , 950 60i73 I960 80.40. 1965 96.24, 1969 100.29 a.nd 1970 93.79. Approximately 57.3 of the property taxes charged in Milford Mil-ford this year will go for school purposes. The Foundation's report re-port Thews that 27.2 of the property tax will be for municipal muni-cipal purposes, 10.1 for county coun-ty purposes, and 5.3 for special spec-ial district purposes. A breakdown break-down of the 1969 property tax levy in Milford is shown by the following schedule: Municipal 25.50, School 53.79 (includes state school levy of 7.2 mills!. County 9.50 and Special Districts 5.00 for a total of 93.79 mills. The Foundation report points out that the overall property tax levy in the 67 Utah cities included i.n the survey averaged aver-aged 88.00 mills this year. This compares with 87.39 mills in 1969, 85.97 mills in 1965, and 74.67 mills in 1960. Among the 67 municipalities included in the Foundation survey, sur-vey, total property tax levies rose in 35 cities, declined in 17 cities, and remained unchanged in 15 citiec during 1970. Foundation analysts emphasize empha-size that in addition to mill levy changes, some taxpayers also may experience higher taxes this year because of upward up-ward adjustments in their property prop-erty assessments. Preliminary figures indicate that total valuations val-uations in Utah this year rose by $108 million, or 6.2. Most of the increase is the result of higher assessments on mining Jvroperty and new properties 'added to the tax rolls. Part of the rise, however, is a reflection reflec-tion of higher valuations placed on existing properties under the property revaluation "program. |
