Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-02-17
HIGHER TAXES
ARE ASSURED
As Result OF Readjustment Prop
erty Values Increase is
Bound to be Made.
WILL AVERAGE is PER CENT.
Center of Business ltas Now Shifted 10
Second South, Where Bunk Prop
erty is Assstvacd at $1,000.

Higher taxes are assured Tor no..
year as u result of the read1ust,,ar,
OF property values by County Ass,sso,.
board OF equalization The incre.sa
will be felt especially on the best bust.
ness property in the city. No figures
have been definitely fixed as yet, but it
is well understood that tho uniform in
crease will not be less than 10 per cent
over last years figures. In some cases
1t will run as high as % per cent.
Owing to the shifting of the business
district It is difficult to assess business
property without making radical
changes each year. This year the Walk
er bank corner will be taken as the
high point In the business district, and
values will be graded from that point.
For the purposes of assessment tho
property on the Walker corner, Second
South and Main street, will be valued
at $1,000 a front foot. This Is the high
est valuation in the city. An addition
al assessment of % per cent is placed on
corner lots. Going north from the
Walker corner the values will decrease
gradually. At the CLOCK corner" the
Utah National bank, the assessed value
will be fixed at s1,050. Across First
South street. the Mccormick property
will be assessed at $1,000. A block fur
Their north, the Deseret News corner,
the assessment win be $500 n front
foot.
HIGHEST ON SECOND SOUTH.
The National Bank of the Republic
corner will be assessed the same as
Il. .Vsfh
side of Second South; the Cliff cor
ner. Third South and Main, will be as
sessed at s1.15O a front foot; Walkers
store corner viii be assessed at $500,
and from there tho values Will fall Oft
till $3.50 front foot is reached at the
corner OF Fourth South and Main. on
the east side of Main street the values
are not so high. The Judge corner OPP
posite the Walker store on Third South
and Main will be assessed at $500 the
front foot; the Kenyon hotel corner at
81 900. and the Smith Drug store corner,
Second South and Main, at sl,050, This
is the highest valuation fixed on any
property on the east side of Main street.
Higher valuations are necessary on
south Main street because of the erec-
ton of the Judge building, the New
house buildings and other Improve
ments going forward such as the fed
eral building and the paving of the
streets.
AMERICANS" INTERESTED.
Naturally, the American" leaders
are watching the assessors office with
the keenest interest. The increase in
the valuation of city property promises
to give the city administration an In
crease in income without subjecting II
to the odium of again increasing the
tax levy. Already ii has increased the
levy from II to 1S mills, and 1t Is not
thought that the taxpayers would sub
nit to another increase even To secure
the blessings of an American admin
istration.
INCREASE IN COUNTY.
II the present plans of the county as
SCISSOR and the county board of equali-
cation are carried out, all the business
property in the city will be Increased
in assessible value at least Is per cent.
This increase is not confined TO Main
street property. but extends to all
business property. II IL thought the
Increased viii not be SO radical in res
ldence property generally. 1t is thought
that as a result of the readjustment
the values OF the property OF the coun-
is will be raised TO $7o.0o0,o0e or more.
This will be q more radical increase
than would appear on the surface as
the closing down of the shelters In the
county and the closing of a number OF
mines In Bingham will naturally AFFECT
the assessments outside the city.
In trying to arrive at Just basis
for assessments In the city Assessor
Brown has consulted such real estate
men as J. w. Houston. ID. j. Weeks,
W. /. Halloran and others In position
to be we'll posted on the relative values
Of business property.