| OCR Text |
Show Commercial and Industrial Property Bears More Than Half of Utah Tax More than half of the total property tax paid in Utah last year was borne by owners of commercial and industrial property. pro-perty. This fact was dlwlosed in a study Just completed by Utah Foundation, the private tax research re-search organization. The study reveals that commercial com-mercial and Industrial property owners paid $00,667,193 in property pro-perty taxes, an amount equal to 523 of the total collected in Utah last year. Residential property pro-perty owners paid $38,431,229, or 33.5 of total property taxes charged against all property categories. cate-gories. Other major classifications classifica-tions include motor vehicles (passenger cars and trucks) $3,078,777 or 7.0 of the total; agricultural property $6,969,698, or 6.1; and property not otherwise other-wise classified $577,835, or 0.5. The report emphasizes that the above amounts and percentages are for the state as a whole and that there is considerable variation varia-tion in the proportion of property taxes derived from the different fcuurces among the several counties coun-ties of the state. Foundation am'yts calculate that total property taxes charged charg-ed in Iron County last year amounted to $2,262,835. Of this total $1,659,376 or 73.3 came from owners of commercial and Industrial property; $337,848 or 14.9from owners of residential property; $182,765 or 8.1 from agricultural property owners; ; $77,479 or 3.4 U from owners of motor vehicles (passenger cars and trucks); and $5,367 or 0.24 from owners of other property categories. Total property taxes charged in Utah during 1964 amounted to $114,724,732. This sum was equal to $7,887,370. or 7.4 more than the $106,83762 levied In 1963. Approximately two-thirds of the property taxes collected throughout the state last year went for the support of the public pub-lic schools, the report continues. Property taxes imposed for school purposes in 1964 amounted to $75,934,340, or 66.2 of the property pro-perty tax total. Property taxes levied for county purposes were $18,724,640 (16.3 of the total), city and town taxes equaled $15,. 811,042 (13.8), special district taxes amounted to $4,130,629 (3.6), and bounty taxes totaled $124,081 (0.1 last year. In Iron County property taxes leivied for school purposes were $1,702,456 (75.2 of the county total), county taxes amounted to $368,050 (16.3 of the total); ci-ty ci-ty and town taxes equaled $186,-603 $186,-603 (8.2; and bounty taxes totaled to-taled $5,726 (0.3). |
