Uintah Basin Standard | 1960-07-14 | Page 10 | Depreciation is Allowed on All Buildings

Depreciation is allowed on buildings Depreciation Is to be allowed on all buildings in Duchesne County for tax purposes for the taxable B county reports this change has been decided by the State Tax THIS WILL BE allowable at the published according to type of structure and other factors-Depreciation on buildings has not been allowed the past two on order of the state taxing ASSESSOR Workman states the tax commission is presently engaged in a study to determine the relationship between assessed value and the market value of buildings and the market value of structures on an area and county basis When this study has progressed far enough that where can be made upward or downward on a county and area such action will be THE ASSESSOR received a letter from G. W. executive secretary to the tax stating it is hoped that by early this study will have progressed far enough that action can be taken toward equalizing values more nearly in line with reasonable fair cash value on an area and county Resumption of the depreciation rate will have some effect on the assessed value of Duchesne Provided new structures are not of sufficient number and this depreciation allowance could result in a lower total and will reflect on the 1961 and future assessment totals