The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-08-04
MORE MONEY THAN EXPECTED
DERIVED FROM THE TAXABLE
VALUATIONS FIXED.
The County, County School, City and
City School Funds Will Be the
Gainers-Problems Presented.

When the county officials last week
levied the city school tax at $40 mills
for the current year, and again on
Tuesday fixed the county rate at Az
mills and the county school tax rate at
mills, it was after an unofficial un-
Outstanding was had with the state
board of equalization that no further
changes would be made in the taxable
valuations. Hence, when the announce
ment was made yesterday that the
state board had ordered an increase or
) per cent in the values of real estate,
improvements and personal property,
except money, in Salt Lake county, the
county officials We're more than little
surprised. While the purpose is to raise
sufficient revenue for the state, the Ell
feet will be to yield more revenue than
was anticipated for the county, county
school. city and city school funds,
which, however, will welcomely receive
the unexpected accretions. The total
tax levieS on Salt Lake City property
have been fixed at q $40 mills, 2-l0 or
a mill less than for last year, and at 10
mills. exclusive of district school levies,
as against Is mills for the year 1897 on
all taxable property in the county out
side the limits of Salt Lake City. From
the fact that valuations have been uni
withstanding the state boards 5 per
cent raise, the amount of taxes TO be
paid by individuals and corporations
will be from > to 10 per cent less than a
year ago.
EFFECT OF THE RAISE.
The state boards increase of per
cent will swell the taxable values IN
the county 81 5T2, 1898 on real estate, i'm
provements and personal property, ex-
elusive of money. AS increased, the
total valuation lin the county will be
S37. sos. 430. Property in Salt Lake City
will benefit by the raise fully Sl,OOO.OOO
making the city's total inclusive or
railroads, telegraph and telephone
properties, about $31.5C0,00O. For the
year 1897 the total assessed valuation IN
the county was $40. 221, 400, a loss of 49,
500 900 from 1896, and in the city last
year the total was $34,47S.124.
SOME PROBLEMS PRESENTED.
1t is problematical whether the state
boards increase will affect sheep, which
were raised recently to the board s
standard of value of 81 per head. If 1t
thus applies, sheep will be taxed at
s21O per head in this county, when 81
is the maximum in every other county
Money being exempted from the oper-
alton of the per cent increase, the
cash surplus and other cash items OIL
banks, which are assessed separately,
will certainly not participate in the
raise
No mention is made in the boards
order of an exception in the case of
mortgages, solvent credits, judgments
and net proceeds of mines all of which
items are assessed at S3,S53.173 in the
aggregate, and it is not improbable that
several questions will be sprung which
will go to the point as to whether the
state equalizers can raise the value of
any kind of property. as mentioned, be-
yond it's cash worth.
BEARING THE BURDEN.
Real estate, assessed at a little over
SIS, 500, 600. will pay the largest share of
the per cent increase. Improvements
rank next at $S,357, SS5. and merchan-
disc, machinery, animals and sundry
classifcations of personal property, eX-
elusive of bank and railroad properties,
mortgages. judgments and solvent
credits, foot up in value to more than
So. 0OO, 600 in the entire county. There is
only $54, 361 in money taxed in the
county and city.
COLLECTABLE TAXES COMPARED.
A comparison of collectable taxes for
1897 and 1898 is given below: