OCR Text |
Show Business Paid 68 of County Property Tax Owners of commercial and industrial property paid $1,-507,333 $1,-507,333 or 68', of the total property taxes charged in Iron County during 19G7. This compares com-pares with property taxes of $105,051 (18.3', of the total) on residential property, $91,32 or 4.1' on motor vehicles , (passenger cars and trucks), and $207,508 (9.4 ) on agil cultural property (farm real estate, farm buildings, machinery, ma-chinery, and livestock). These facts were brought out In an analysis prepared by Utah Foundation, the private tax research organization, of property tax distribution in Utah. The report notes that for the state as a whole approximately approxim-ately 51.37, of the total property pro-perty tax burden was borne by the owners of commercial and industrial property, 35.6 by owners of residential property, proper-ty, 7.1 by owners of motor vehicles, and 5.6 by agricultural agricul-tural property owners. Total property taxes impos-1 ed in Iron County last year amounted to $2,215,861, according ac-cording to the Foundation report. re-port. This represented an increase in-crease of $189,511, or 9.4. from the 1966 property tax total, and was $112,443 or 5.3 above the 1960 level. Through-out Through-out the state property taxes rose by 5.2 last year, and the Increase between 1960 and 1967 amounted to 52. Foundation analysts point out that the three main factors fac-tors accounting for the property proper-ty tax riss during recent years are (1) mill levy increases, (2) new properties added to the tax rolls, and (3) valuation adjustments. The average mill levy in Iron County last year was 67.03 mills $67.03 per $1,000 assessed valuation. This compares with an average aver-age county wide rate of 48.06 mills in I960. For the state as a whole the average mill rate was 81.80 mills in 1967 and 65.45 mills in 1960. The total assessed valuation of Iron County In 1967 was $33,059,665. This was 24.5 less than the 1960 valuation total of $43,766,390. Throughout Through-out the state, the total assessed assess-ed valuation rose by 21 between be-tween 1960 and 1967?. W'. Schools continue to receive the largest share from the property pro-perty tax receipts. Last year state and local property taxes in Iron County imposed for the support of the public I schools amounts to $1,608,353. 'This was equal to 72.6 of all property taxes levied in the county. Taxes for county pur-: poses amounted to $380,186 (17.1 of the total), municipal munici-pal taxes were equal to $219,-1 523 (9.9), and bounty taxes amounted to $7,789 (0.4) in 1967. For the state as a whole, school taxes (both state and local) accounted for 64.0 of the total property tax load in 1967. Taxes imposed by county coun-ty grovernments were equal to 19.0 of the total, city and town taxes amounted to 1.4, taxes levied by special improvement im-provement districts totaled 3.4, and bounty taxes accounted ac-counted for only slightly more than 0.1 of the Utah property proper-ty tax load last year. |