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<br />Q <br />(.] <br /> <br />and farmers are not interested in land with inadequate water suppl,y. <br /> <br />Real estate listings of land in Peach Valley which joins the project on <br />the east and h~B a similar. climate and soil carri;' ;;a.i~t~ri1df / <br />100 to 200 dollars per acre. The higher value placed on this land is <br />due primarily to water suppl,y. <br /> <br />-' <br />.. <br /> <br />Taxes <br /> <br />Taxes are comparable with other agricultur~ections of the state. <br /> <br /> <br />Valuation for taxing purpoees is considered to be about two-thirds ~ ~ <br /> <br />I <br />.1 <br /> <br />normal appraised value. The average assessed valuation of irrigated <br /> <br />land on Harvey Mesa varies from 35 to 55 dollars per acre. Tax levies <br /> <br />~{ I <br /> <br />have varied little in recent years. Levies by school districts in the <br /> <br />year 1940 are sUlIllll9.rized as follows: <br /> <br />1940 Taxes No. 13 No. ~7 Consolidated No. 1 <br />state 4.35 4.35 4.35 <br />*County 17.00 17.00 17.00 <br />#School District 9.25 8.20 25.80 <br /> 30.60 29.55 47.15 <br /> <br />".' <br /> <br />* Includes 0.20 mills for Colorado River Conservation District. <br /># Includes high school levies. <br /> <br />The old Silt District, No. 17, now included in the Consolidated <br />No.1 District, also PBJ'S 2 mills on past indebtedness. <br /> <br />:,.... <br />~~:> <br />/-. <br /> <br />Farm MortRa,l1:es <br />Farm mortgage indebtedness is not high. A study in 1941 of recorded <br />loans since 1920 shows only 19 of the III farms, or less than 17%, are <br /> <br />.,"'-' <br /> <br />mortgaged. The amount ot mortgage on independent farms varies from <br />$200 to $6,100. In all cases the amounts were considerably less than the <br />existing valuations of property mortgaged. The total indebtedness of <br /> <br />mortgaged farms in 1941 amounted to $40,000, or approximately 7CJ!, of <br /> <br />", () <br />