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Show Business Property Assessments Rise Valuations for property tax purposes on commercial and unimproved properties in Utah will rise sharply next year, while average residential assessments in the state could decline slightly in 1983. This was the forecast made by Utah Foundation, the private tax research organization, in their latest analysis of the outlook for 1983 property taxes. , According to the study, the aver- age assessment on commercial property in Utah will increase by 24 percent next year throughout the state. This will vary all the way from a decline of 1 percent in Piute County to a rise of 57 percent in Juab County. Assessments on unimproved land will be boosted by an average of 40 percent throughout Utah in 1983. Again, the changes will range from a decline of 2 percent in Piute County to an increase of 83 percent (more than 9 13 times) in Emery County. Residential assessments, on the other hand, will decline by an average of 2 percent in the state next year. However, there will be considerable variation in the changes made on residential property among Utah counties. On one hand, Piute County will experience a 21 percent decline, but Juab County homeowners will suffer a 23 percent assessment increase in 1983. A table included in the Foundation report indicates that commercial assessments in Tooele County will be raised 30 percent this year and assessments on unimproved land will be increased 113 percent. Residential property assessments in Tooele County will be raised by two percent in 1983. Foundation analysts explain that the assessment changes that will be made in 1983 are the result of (1) legislative changes made in 1982 which became effective when voters approved Proposition 1 last Novemer, and (2) the factoring program which is carried out by the ..y- , J ; - . s , i) - m' 1 WATCH OUR ADS ALL MOiW , THE VALUES WILL KEEP COMING. d provided that property in Utah should be assessed at 20 percent of reasonable fair cash value, except that residential property should be assessed at 15 percent. Thus, counties with average sessment ratios above 15 percent will have their residential assessments lowered, while counties with average assessment ratios below 15 percent will be required to raise all residential assessments. In the case of commercial property and unimproved land, most of the ments will be raised by a designated factor in order to approximate the 20 percent assessment level. The study notes that the designated percentage changes will be 13, 1983 NEW LOOKS FOR THE NEW YEAR. START WITH 40 SAVINGS ON DESIGNER JEANS; 60 OFF PLAID TOPS FOR JUNIORS. NOW 3.S9 without remade level on an assessment gard to the individual property. Thus, if an assessment on a particular property already is out of line in comparison with other properties in the county, the problem will be further exaggerated after application of the adjustment factor. The adjustment factors that will be applied to property assessments in 1983 will result in a shifting of local property taxes among the several counties of the state as well as among property classes. The Foundation report emphasizes, however, that property assessments are only one part of a two-paformula used to determine the tax burden on a particular parcel of property. across-the-boar- Orig. 9.99. Perky plaids in styles With removeable tie and button front. Junior sizes mens-wea- r Quantities limited NOW 14.99 Orig. $26. 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