Show Tax commission will study property sales A study of recent property sales in Duchesne County will be commenced next week i the State Tax The purpose of the study is to determine the influence that a geographical location of a prop-erty lias upon its fair market value ACCORDING to F. Tax Commissioner in charge of property analysts employed by the Commission will be contacting persons living in the county who have bought or sold real property with improvements in recent years to Interview them regarding several facts concerning the The information thus collected will be used in compiling statistical ratios of assessed value to market value of properties in the c Utah laws require that assessments be based upon fair market The it is will demonstrate how equitably the appraisal methods reflects this It is the study will pave the way for better equalization of t assessments throughout the ASSESSMENT sales ratio studies have been made in several states in recent They are designed to point out lac-tors that determine values of properties that are external to the properties tors of this nature that can be measured arc the demands for property in a given the desirability of a property's location and the marketability of the par type of property The information that has been derived from such studies has proven of great value In hn- planting appraisal programs and thereby providing for fair and equal said Commissioner will try to determine Uie population and Industrial Impacts upon sales prices and whether- adjustment factors Should be used to determine assessed he MAY BE that in certain areas where the population has dropped shar a demand factor should be used in determining the appraised value of The State Constitution requires the commission to determine uniformity of tax assessments as between THIS RESEARCH program Smart is aimed at finding whether there exists such uniformity between and if what readjustments should be Pel-sons interviewed are asked by the Tax Commission to give their- full The sole purpose of acquiring the information Is to provide the people of the county and the state With the fairest possible property tax |