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<br />f) <br /> <br />than at the lower end. The average value of improvements is esti- <br /> <br />mated at $1500 per farm. The average assessed value thereof is <br /> <br />quite low, about $400 per farm.. Little of the land has been <br /> <br />;> <br /> <br />leveled for irrigation and in view of the rolling topography it is <br /> <br />doubtful if much ~111 ever need be leveled. The land can be irri- <br /> <br />gated in its present condition for most crops raised. <br /> <br />Mortgages. County records for the period 1926 to 1938 <br /> <br />show that 32 farms, or slightly less than 201- of all farms on the <br /> <br />project; are mortgaged. This is an unusually low proportion of <br /> <br />mortgaged farms in any developed community. The average amount of <br /> <br />the mortgages is about 58 percent of the appraised value of the land <br /> <br />mortgaged. <br /> <br />Taxes. Taxes have shown a consistent rise in recent ye3rs. <br />- <br /> <br />"~> <br />~~., '" <br />"?:':;,~ <br /> <br />The total levy varies between 31.10 mills and 48.85 mills depending <br /> <br />upon the levy of the local school district. The average given by <br /> <br />the Assessor for the Florida project is 36.30 mills, divided as fol- <br /> <br />lows: <br /> <br />State <br />County <br />School Distri ct <br /> <br />4.50 mills <br />19.10 " <br />12.70 iI <br /> <br />36.30 mills <br /> <br />There were only 15 property holdings on the project tax delinquent in <br /> <br />1937, a number larger than in 1936 but equal to the number in 1935. <br /> <br />Markets <br /> <br />The San Juan Basin, because of its relative isolation is <br /> <br />perhaps its own best market for many products and will continue to <br /> <br />be so, especially if the mining industry, slowly reviVing during the <br /> <br />24 <br />