| Show Assessed Valuation of Utah 1924 1 is Approximately An Increase of in the I assessed valuation of public utilities and of mining companies companies com com- In ht the state of Utah as compared compared com com- pared with last year ear Is indicated by tentative totals reached by the state board of equalization On this basis the 1924 value of the state Mate should be between and Notices were sent out by the state board to all property owners coming under the boards board's jurisdiction announcing the tho conclusions reached b by the board These conclusions are not final The purpose or of sending out the notices notices no- no tices Is to give ghe the owners so assessed assessed as- as opportunity to appear it If the they so decide to protest the boards board's assessment and to show If they can wherein the boards board's figures aTe are erroneous Such protests as a rule result in some reductions ou on the grand totals reached by the tho state board What the In Individual taxpayers tax tax- payers assessed by the board may maybe maybe be able to prove may not of course be predicted at this time hut but It is 15 not believed that the total reductions effected by the equalization process will be extremely largo large The Tho total valuation tentatively placed place by the state board of is larger than any valuation placed on property of these classes In the history ot of the state The nearest nearest near near- est previous total on which the the property owners assessed by state board paid p taxes was n in 1919 when It was was was' slightly more than This year ear the Ithe grand toW total Is almost and as already stated is more than 28 greater than last year an increase of per cent ComparIsons Made Imle Nearly Of the increase comes In the tho Item of three times the thenet thenet net proceeds or of mines of the state at which the content or of such mines Js is assessed The value of the real estate of th the mining companies naturally decreases tie tie- creases as the property owned b by bythe the coal and other ather companies gradually is out The Increase in the plan iIan and equipment equip equip- meat ment items represents additional moneY being spent in the tho mining mining- industry In tills state and the activity activity ac- ac in the metal mIning Industry In 1923 resulted in the increase in ii net proceeds from Crom to and the tho assessed of c h mine content to throe e those figures It If the Increase In property assessed assessed assess assess- ed by the state board is practically all retained during the equalization process and unless county assessors assessor find that the tho prosperity did not extend extend ex- ex tend to classes of f property which como come under their jur the tho toW total assessed essed valuation of the state for 1924 should about An Increase of a very small percentage In the property assessed assessed as- as by the county count assessorS assessorS' representing representing rep rep- resenting the increase in values alues of oC the sheep Industry and the growth or of the clUes cities and towns as 38 well as the return of prosperity to a largo portion or of the agricultural community would bring the tho assessed val yal- lion un-lion of the state to n. n figure which was exceeded in only ono one year ear in the states state's history The following tabulation shows the thc trend of assessed ass values alucs In the tho state In ha recent years the state board On rist Last Page |
