OCR Text |
Show Commercial property pays 63 of property taxes in Iron County or assessments resulting from the increased volume of mineral min-eral production in the State. The average mill Jovy in Iron Ccunty last year was 68.38 mills. This compares with an average county wid,e rate of 66.40 mill in 1965 and 48.06 mills In 1960. Throughout the state, the overall average mill levy in 1970 was 83.42 mills. This compares with 80.11 mills in 1965, 65.36 mills in 1960, and 44.99 mills in 1950. The Foundation report observes that although the average mill levy in Utah has continued contin-ued to rise, the increase during dur-ing the past five years has averaged less than Yc per year compared with an average aver-age annual increase of nearly near-ly 4rr in the fifteen-year period prior to 1965. Owners of commercial and industrial property paid $1,368,771 or 62.86rr of the total to-tal iproperty taxes charged in Iron County last year. This compares with property taxes of $166,305 (21.41 of the total) to-tal) on residential property, $112,068 or 5.15 on motor vehicles (passenger cars and truck3), and $227,737 (10.23) on agricultural property farm real estate, farm buildings, build-ings, machinery and livestock). live-stock). These facts were reported in a Utah Foundation analysis analy-sis of property tax data com-ipiled com-ipiled toy the State Tax Commission. Com-mission. The Foundation report notes that in 1970 for the state s a whole, approximately 51.6 of the total property tax burden bur-den was borne toy owners of commercial and industrial property, 35.3 by owners of residential property, 7.3 by Schools continue to receive the largest share from property pro-perty tax receipts. State and local property taxe levied for support of the public schools in Iron County last year totaled to-taled $1,515.129. This was equal to $257,652 (11.8), and bounty taxes amounted to 510.682 ( 0.5) in 1970. Throughout the entire state, school taxes (hoth state and local) accounted for 63.4 of the total property tax load during 1970. Property taxes Imposed by county governments gov-ernments were equal to 18.9 of the total, city and town taxes amounted to 13.2, taxes levied by special improvement im-provement districts totaled 4.4, and bounty taxes accounted ac-counted for 0.1 of the Utah property tax load last year. owners of motor vehicles, and 5.3 by agricultural property owners. Total property taxes Imposed Im-posed In Iron County last year amounted to $2,177,509 according to the Foundation study. This represented an increase of $31,504 or 1.47 from the 1969 iproperty tax total and was $74,101 of 3.52 above the I960 level. Throughout Through-out the state property taxes rose by 6.7 last year and have Increased by 77.2 since 1960. The Foundation notes, however, how-ever, that the property tax has been rising nt less than half the rate of the increase in other major taxes in Utah. Pni- oYammle. total strife nnn. property taxes in Utah- increased in-creased 23.3 In 1970 and 147.5 since 1960. Because of the rate increase, sales tax collections went up 39.5 last year and 217.7 between 1960 and 1970. State individual individ-ual income taxes climbed 20.5 In 1970 and 277.8 (nearly four times) since 1960. Property taxes accounted for 35 of Utah's total state and looal tax load In 1970. This compares with 43rr In 1960, 45 in 1950, and 51 In 1940. For the nation as a whole, property taxes made up about 39- of total state and local taxes In 1969. Foundation analysts point out that the main elements In the property tax rise during recent years include (1) mill levy increases. (2) new properties pro-perties added to the tax rolls, (3) assessment adjustments stemming from the revaluation revalua-tion programs, and (4) high- |