| Show II M IS I'S l t 11 h J t j Utah State T Tax x Commission on mi ii n Will Will lT i Start Property Sales Sides Study Stud Stud v Here i A study of recent property sales In Summit County IY will be beI tomI Commenced tom Com I I n n next t week by tho the Utah SlAte Stale Tax X Commission The Thi purpose purPOSe pur pur- I pose of the study ts is to determine th the Influence that the geographical I ical location of A 1 property has upon Its market value Summit Is one of four counties In Utah in which the survey turvey is being made Interview Interviews Given According to Herbert p F Smart Tax In charge of property I tax analysts employed j I by the Commission will be conI con eon persons living in tn the coun comi- I ty who have bought or sold It real 1 property with Improvements Im hi n re i-e recent re- re cent years to tu Interview them tt cm r re several facts l concerning the transaction The Information thus collected will Wilt b in Com Compiling Compiling pUl piling g statistical ratios s of 01 assesse lt esst values to market value of ol prop j In the county I Utah laws lam re require that Uti J Assess Assessments menu ments be based sf upon faI fait fair value The study It Is flit nH will vilt demonstrate how equitably the tho appraisal ap ap- ap apI I methods reflect this value 1 It Is anticipated ted that th the thc study will pave the way ny for tor bitter equalISation equalization equal quat- of assessments throughout the state sales Assessment ratio studies have been made in several states in recent years said Commis' Commis abner Smart Thy ate are designed n d to point out factors mine values of properties ui that t ire are re I external to the properties them them- t selves Factors of or this nature nature- that tha can b bo bu measured nt aro aroi y the for properly property In n given iven area the tho desirability of a u. rop- rop erty's location and the m marketa- marketa eta billly of the particular r type of ot property Appraisal Programs Programs Programs' The Information that has been derived from such studies has proton of great groat value In implementing appraisal programs and thereby providing for fair nn and equal taxation said the Com pom r missioner We will try to determine the tho geographical population and Jn- Jn n 1 Impacts upon sales prices and whether adjustment factors should be used to assessed as as- M- M values he said It may be that In certain certain-ar ar arcas ma cas where the thc population has fall en us of off sharply a demand factor factor- should be used In determining the appraised value alue of buildings The Stat State Constitution requires the he commission to determine uniformity uni uni- of tax assessments as between be be- r tween counties This research program Mr Smart said is aimed at finding whether there exists such t between counties and If It not what readjustments should be made nude Persons interviewed are asked by he the Tax Ca Commission to give their heir full co Tho sole purpose of or acquiring the j lion Is to provide the people of j the he county and the state with the tho tax pr t fairest possible property pro pro- gram t I I. I |
