Show Commercial Industrial Property Properly Owners Paid Most o of Tax in 1989 1969 Owners of commercial and industrial property paid or of the total property taxes charged in Summit Sum Sum- mit Cou County ty last year This compares com com- compares pares with property taxes of of the total on residential property or 47 on motor vehicles passenger passenger passenger pas pas- cars and trucks and on agricultural prope property r ty farm real estate farm buildings machinery and livestock These facts were reported in a Utah Foundation analysis of property properly tax data compiled by the State Tax Commission The Foundation report notes that in 1969 for the state as a whole approximately of the total property tax burden was borne by owners of commercial commercial commercial com com- mercial and industrial property property property prop prop- erty by owners of re residential residential residential re- re property 72 by owners owners owners own own- ers of motor vehicles and 56 by agricultural property own own- ers Total Total property property taxes imposed in Summit County last year amounted to according according according accord accord- ing to the Foundation study This represented an increase ase of or 66 from the 1968 property tax total and was or above the 1960 level Throughout the state property taxes rose by 56 last year and have increased by since 1960 The Foundation notes however however however how how- ever that the property tax has been rising at approximately half the rate of the increase in other major taxes in Utah For example total state non- non property t taxes a I in Utah in increased increased increased in- in creased in 1969 and 1008 since 1960 Sales t tax collections collections collections went up last year and 1277 between 1960 and 1969 State individual income taxes taxes' climbed in 1969 and 2135 more than three times since 1960 Foundation analysts point out that the main elements in the property tax rise during re recent recent recent re- re cent years include 1 I mill levy increases 2 new properties added to the tax rolls roUs and 3 assessment adjustments stemming stemming stemming stem stem- ming from the revaluation pro pro- grams The average mill levy in Summit County last year was mills per 1000 assessed valuation This compares compares compares com com- pares with an average county countywide countywide countywide wide rate of mills in 1965 and mills in 1960 Throughout the s state tat e the overall average mill levy in 1969 was 83 JO mills 1000 l oo assessed valuation This compares with mills in 1965 mills in 1960 and mills in 1950 The Foundation report observes that although the average mill levy in Utah has continued to rise the increase during the past four years has averaged less than 1 per year compared with an average annual increase of nearly 4 in the year fifteen period prior to 1965 Schools continue to receive the largest share from property tax receipts State and local property taxes levied for support support support sup sup- port of the public schools in Summit County last year totaled totaled totaled total total- ed This was equal to of all aU property properly taxes imposed in the County Taxes for county purposes amounted to of the total municipal I taxes were equal to 82 taxes imposed by s special p e cia 1 improvement dIstricts districts districts dis dIs- totaled 12 and bounty taxes amounted 02 in 1969 Throughout the entire state school taxes both state and local accounted for of the total property tax load during during during dur dur- ing 1 1969 69 Property taxes imposed imposed imposed im im- im- im posed by county governments were equal to of the total city and town taxes amounted to taxes levied by special improvement districts totaled 43 and bounty taxes accounted account account- ed for 01 of the Utah property tax load last year |