Show I VALUATIONS ARE AE ARETO AETo TO BE County Assessor Gabbott Work Working Working Working ing Ahead of His Books in Business District J t i BIG SUBURBAN ADVANCES Values Have Grown nt at t Rate Ruto Anti Anil il Necessity of Is Seen by br County Count Officers The assessed valuation of real estate will wl bo be increased about in Salt Lake Lalo county count next year by County As Assessor Assessor 1 sessor lessor Amos S Gabbot of this tills will be borne by bt Salt Lake Luke City CiLy CIl owing to the tho increasing values In real estate The Tue business property will be bo great greatly ly Increased In ill Salt Lake and some section of or the tue residence districts where there has been a marked ad advance advance advance vance in price will be bo raised The Increase ase in the county count outside of oC tho city will be slight Mr Gabbott promises a n readjustment of tho the as assessed assessed assessed valuation of property and amI ho lie hoIs hoIs lieis Is commencing to work In advance of his bis books He lIt has several of his deputies in the business district and SOnIC some residence districts checking up upon upon upon on the tho sales that havo have been made the tho value of ot Improvements and tho the ad advance vance in prices This Information Is being obtained from Crom real estate men builders and contractors besides besl es tho the property owners owner In regard to tho the matter Mr 11 Gabbott said Saturday Of Ot course cOUlse there will be a decided increase in ill the tho valuation of or real es estate estate estate tate In the business part of tho the city 1 I cannot say sa at t this time just what increase will be bo made That will wilt willI have hae to be worked out later and ar arranged arranged ranged as wo we go along alon to an extent But Dut there is a good deal of oC property along lower Maui Main street which is being held for Cor 1000 a n front foot and is be being berns being ing assessed now at only lOD Along there thero and on State street I believe the property will be bo advanced material IY ly SUBURBAN ADVANCES The property In Waterloo Sugar SugarHouse SugarHouse SugarHouse House and farther Carther cast has advanced wonderfully in value owing to the th building pf of many man new homes and the values will have to be set ahead We Ve havo have not done this In the past owing to the tIle fact that these those districts were not firmly established and a fall fair esti estl estimate estimate mate could cOuil not be bo made of tho tile values But the tue property values have steadily Increased and the assessment will have hao to be bo raised There Is often oHen the danger of in increasing increasing creasing valuations to keep pace with flurries In real estate resulting In seri serl serious serious ous conditions when tile the bottom may ma drop out of oC the tile market and the de do demand demand mand for fol the realty But Bul there thero IM hb fib j h rif d as to the values of ot the present time lime and somo sonic decided Increases will be made Tho The grading of or valuations valuation will he be according to the location of or the tho property and the prices demanded by b the owners There Thoro will be no pen penalty pena penalty alty a It on unimproved property properly in tile the shape of increased d taxes Mr Gab Gabbott Gabbott bott boti said hIt It Is true that the unimproved prop property property erty crt is bettered through Improvements near It and for that reason it would i seem that the value should be raised either to compel building on en tho the property or to force a sale ale to interests which would build But at tile the time tho the Improvements are arc helping the unimproved property they the arc are doing even more for Cor the property Improved It may ma be that sometime this system would go 0 Into effect but at the tue pres present present prescot ent cot time we cannot well do It Several clerks havo have been added to the assessors force torce in order to carry carryout carryout carryout out the work of making a readjust readjustment readjustment ment mont of oC the assessed valuations Tho The deputies aro are now at work and the re 10 reports reports ports will be bo sometime about the latter part of January Januar |