The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-04
Assessor Quinn Has Completed This
Years Work.
THE LOSSES AND GAINS
SHOWS MORE THAN
$34,5oO,ooO.
But the State Equalizing Board Has
Yet to Add Nearly $4,000 1000
County Equalizers Will Meet In
June to Hear Complaints-Total
May Be Increased.

The total assessed valuation. of tax
able property in Salt Lake county for
the current year, as returned by AS
SCISSOR Quinn. is $34. 1871. The differ
ence between this years valuations and
those made by the assessor in 1898, show
net loss of sS3. 967, but deducting this
sum from the assessment on the street
car companies and the Saltair railroad,
amounting to 1898, 1913 last year, the diff
ference really makes a gain of sS5s,S2e
for this year, as the assessment on these
two classes of property will be made
this time by the state board of equal
iZation.
The assessors returns, however, are
to be equalized by the county board
and may be increased or decreased by
the state board. Last year the county
equaliZers made an increase of 81, SOC, 600
on business real estate, which made VI
for reductions on other real estate and
on other classes of property. Then the
state board of equalization increased
values in the aggregate sum of 81, 49,
494 To the totals, after the county
boards equalization, were added $751;,
440 to the city valuations and $6I6, 149 to
the county outside the city. This was
from the assessment by the state board
on railroad, telegraph. telephone and
mining properties. This year the state
boards assessments will probably not
be less. and they may be more than in
1898, because the street railroad and
Saltair railway values are fixed this
year by the state board, instead of by
the assessor
Eliminating from consideration that
the state equalizing board may increase
. -.
that the county boards equaliZing of
the values will result in practically nc
change in the aggregate, Salt Lake
county'S taxing values for this year
will be, approximately, $50. 469, SOB, OF
81, $50 less than last years totals.
Some Big Losses.
There is. however, good chance of a
further shrinkage of about a half a
million dollars in the assessments on
private banks and brokers, of state and
banks, which have reduced
their capital or prepared to retire from
business, and of corrections in mort
gage assessments. Private banks and
trust companies were assessed at $685. /
422 in 1898, and are returned this ~ear
at S4S1,017 Banks in general We're as
sessed at $1,431,500 last year, as against
81, 25S,050 reported by the assessor for
1899. Last years mortgages We're re-
turned at 81, SCI, 49S, but errors and can I
cellationS brought the sum down tc |
1919. 452. This year the returns on |
mortgages foot up to 81, 727,322, but the |
board of equalization has not been \
heard from.
If the capitalized valuations for this |
year show shrinkage of $1,000, 900 or
s., 100000, as seems probable. it will be
necessary for the county, city ind city
school administrations to raise the rate
Of taxation over the rates of levy for
1898. for the reason that so much money
has to be raised for each fund, and val
lations and levies cut no figure other
than for purposes of calculation.
Assessor Quinn has had the values on
property placed by a competent corps
IF field deputies. we'll posted on the
relative worth of property, and the
work has been carefully done, with due
'egard for the reductions made by the
county equalizers last year. However.
he 20 per cent increase in 1898 on re-
ilty in the business district was not
AIKEN into consideration in fixing this
assessment. The assessors effort has
been to make all classes of property
'ear just burden of taxation, and in
loing so he is proud of the fact that the
work cost the county S5SS less than for
he previous season.
Treasurer Lynch's staff is now pre-
'aring the 5000 or more assessment
lotices. They will be delivered on OF
'efore May 20 The notices contain the
that the county board of
qualization will be in session from
une . to June IS. both days inclusive
o hear complaints of erroneous or over
aluationS. Assessor Quinn believes the ,
haracter of his work is such that com
aratively few changes in the returns
Till be made by the board.