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Deseret Evening News
Salt Lake City, Salt Lake County, Utah
What is this article about?
Montana's state assessed valuation rises to $297,500,000, a $17.5 million gain from last year, with increases in most counties led by farm lands and city property; two counties show minor losses. Tax levy unchanged unless threshold met; amendment proposed.
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VALUATION $297,500,000
Helena, Mont., July 28.-Complete reports have been received by the state board of equalization from the various county assessors, and with two exceptions, increases are shown, the losses being $313,403 in Deer Lodge and $92,130 in Sanders. Despite these losses in two of 28 counties a total gain of $17,546,495 is shown.
The assessed valuation of the state last year, including railroads, was $280,401,062, which, if the state board of equalization makes no change in the railroad assessment, would make the total for the state this year, in round figures, $297,500,000. Should the state board take no action along the line indicated, the tax levy will remain the same as at present, for the $300,000,000 mark must be reached before the automatic change provided by the Constitution becomes effective. However, there is a proposition in the form of a constitutional amendment to be voted upon this fall which would, if it prevails, nullify this provision.
Yellowstone county shows the greatest gain of all counties, its increased assessment being $1,937,525; Gallatin is next with $1,855,505; Cascade next with $1,749,095, and Fergus next with $1,715,660.
The chief gain is shown in farm lands and city property. In fact, the feature of the reports of the assessors is the agricultural development of the state.
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Domestic News Details
Primary Location
Montana
Event Date
July 28
Outcome
total gain of $17,546,495; assessed valuation $297,500,000 including railroads; losses in deer lodge ($313,403) and sanders ($92,130); greatest gains in yellowstone county ($1,937,525), gallatin ($1,855,505), cascade ($1,749,095), and fergus ($1,715,660)
Event Details
Complete reports received by the state board of equalization from county assessors show increases in assessed valuations in most counties. Last year's valuation was $280,401,062. If no change in railroad assessment, this year's total is approximately $297,500,000. Tax levy remains the same unless $300,000,000 mark is reached. A constitutional amendment to be voted on this fall may nullify this provision. Chief gains in farm lands and city property, highlighting agricultural development.