Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-13
VALUATIONS ARE
TO Be INCREASED
County Assessor Gabbott Work
ing Ahead of His Books in
Business District.
BIG SUBURBAN ADVANCES
Values HIVE Grown at Rapid Rate
And Necessity of ReadJustmcnt Is
Seen by County officers.

The assessed valuation of real estate
will be increased about $750,000 in Salt
Lake county next year by County AS
SCISSOR Amos S. Gabbot. Two-thirds OF
this will be borne By Salt Lake City.
owing to the increasing values in real
estate
The business property will be great
ly Increased in Salt Lake and some
sections of the residence districts
where there has been a marked adj
vance in price will be raised The
increase in the county. outside of the
city will be slight. Mr.. Gabbott
promises q readjustment of the as
sessed valuation of property and he
is commencing to work in advance of
his books He has several of his
deputies in the business district and
some residence districts. checking UP
on the sales that have been made, the
value of improvements. and the ad-
vance in prices. This Information Is
being obtained from real estate men,
builders and contractors, besides the
property owners. In regard to the
matter Mr.. Gabbott said Saturday:
"Of course. there will be Il decided
increase in the valuation of real es-
tate in the business part of the city.
i cannot say at this time just what
increase will be made That will
have to be worked out later and ar
ranged as we go along. to an extent.
But there is a good deal of property
along lower Main street which is being
held for 81 900 a front foot and is be-
ing assessed now at only 800. Along
there and on State street. believe, the
property will be advanced material
ly.
SUBURBAN ADVANCES.
The property in Waterloo. Sugar
House and farther east has advanced
wonderfully in value, owing to the
building of many new homes. and the
values will have to be set ahead We
have not done this in the past, owing
to the fact that these districts were
not firmly established and fair estl-
mate could not be made of the values.
But the property values have steadily
increased and the assessment will have
to be raised -l -i- a-.. .r..o Il
There is often the danger of in
creasing valuations to keep pace with
hurries In real estate, resulting in seri-
Gus conditions when the bottom may
ulop oul VI the ana lne de-
mand for the realty cease. But there
'isS no doubt3 fnfhiy mind. as to the
values of the present time. and some
decided increases Will be made"
The grading of valuations Will be
made according to the location OF the
property and the prices demanded by
the owners. There will be no PEN
atty on unimproved property in the
shape of increased taxes. Mr.. Cab
bott said:
1T is true that the unimproved prop
erty is bettered through improvements
near IL, and for that reason it would
seem that the value should be raised
either to compel building on the
property or to force a sale to interests
which would build. But at the time
the improvements are helping the
unimproved property. they are doing
even more for the property improved
1t may be that sometime this system
would go into effect. but at the pres
ent time we cannot well do it."
Several clerks have been added to
the assessors force in order to carry
out the work of making a readjust-
ment of the assessed valuations The
deputies are now at work and the re-
ports will be made sometime about the
latter part of January.