The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-30
INCREASES IN
COUNTY VALUES
ARE S3,896,658
Assessor William A. Leatham
Submits Tabulation of AS
sessment to Treasurer
and Commissioners.
CITY TOTAL $3,825,822
MORE THAN LAST YEAR
State Board of Equalization
Expected to Place 1913
Valuations $4,OOO,OOO
Higher Than 1912.
CITY TOTAL $3,825,822
MORE THAN LAST YEAR

Property valuations in Salt LAX,
City and county have increased
| 1896. .65s in the last wear as shown il
the assessment tables completed yes
terday by William A. Leatham, county
assessor, and submitted to the county
treasurer and county commissioners.
The total valuation is placed at SIS,
| 083.26l, as against $71,1S6,603 fol
1912. In the city alone the increase
is $685. ,S22 from S57,676,032 in 1919
to SCI, ,500,S54 this year. This total
is exclusive Of the assessments to be
made later by the state board of equal.
ization, which will bring the total as.
sessed valuation for the city proper to
more than S66,000,00O, as against $62,-
100000 last year An unexpected in
crease in revenue will accrue to the
city from the almost unprecedented
jump in valuation Not more than a
million and half increase had been
expected at the most
Corporations Affected.
AS explained by the county assessor,
the increase has fallen for the most
part upon corporation holdings and on
property that heretofore has escaped
thorough assessment. The small
promperty owners will not feel tho in.
crease at all, as homes and personal
property of the individual sort have
been assessed about as heretofore.
The biggest increase was obtained
IN the assessment upon money, mean.
ing cash on hand, Last year only
$l57 ,lS4 cash was assessed, but by
diligent search through the records
Of the county clerk the assessor found
Sl,O9l,4 ,420 cash in unsettled estates
which in the past have, for the most
part, escaped taxation An increase
Of approximately 100000 in the valu.
alton Of lots was made through the re-
adjustment Of real estate in the busi
ness district,
In past years assessors have been in
the habit Of assessing property on the
west side Of Main street at q much
higher figure than the property on the
east side, owing to the fact that the
west side was for long time consid
cred much more valuable. In recent
years this difference has been largely
eliminated and the assessor. taking
cognlzance of the change, created
new precedent by assessing both sides
practically the same. Increases were
made along Third South street and
along State street because of the re.
cent development Of those sections as
a new retail district.
Banks Will Pay More.
An increase Of nearly half million
was placed upon solvent credits in the
banks, Without mentioning any
names Assessor Leatham said yester-
day that two OF three banks are goiup
to pay decidedly more taxes this year |
than they ever have before. This
item of assessment has increased from
1918. ~
Another half million increase was
brought about by more thorough as.
Sessment of property under the head !
IF mot enumerated - This class in.
'ludes the railroads, such as the Salt
air road. the Emigration canyon road,
and other small roads operating ex.
in the county and incorpo-
rated IN the county, All other rail.
road property is assessed by the state
BOARD Of equalization.
An increase of $400 900 in merchan-
iise is shown in the tables. This
Was brought about through special eff
orts OF the assessor to reach mer.
not assessed in the past.
In the county outside the city the
otaL valuation this year is $13.5S2..
OF, as against SlS,511,571 in 1912, an
Increase of little more than $4,000,
The increase would have been much
reater, the assessor explains, but for
he annexation of Forest Dale, for
ncrly n part Of the county, to Salt
lake City. BY this same token Salt
axe came into substantial increase s
If about 100000.
The following tables show tho as
cssmcnt in detail.
(COufiuued on Pu1a fTxun