Tax increases coming soon
The Summit County Council approved two tax-rate increases on Wednesday, the last ones before the November property-tax bills are sent out.
In December, the County Council approved tax increases in Service Area #6, which encompasses the Snyderville Basin and surrounding area, including Highland Estates, Silver Springs, Sun Peak, and Jeremy Ranch, and the municipal tax, which affects all residents not living in incorporated cities.
In Service Area #6, a homeowner with a home valued at $500,000 will pay an additional $24 a year. The municipal tax will also increase by $24 on a $500,000 home.
According to Summit County Manager Bob Jasper, Utah law requires the county hold two hearings before adjusting the tax rate.
"Having the tax rate changes on the agenda for a second time gives residents one more chance to speak out and allows the Council to change their minds and undo the rates," he said.
No public input was given at the second hearing, held last week, and the County Council went ahead with the tax increase.
The Summit County Auditor’s Office estimated that the increase in Service Area #6 will bring in $960,000 in revenue to the county. The increase in the Municipal tax rate is estimated to generate $3.1 million in revenue, an increase of $660,000 compared to 2011.
Summit County Deputy Auditor Matt Leavitt said the increase in tax rate is part of the County Council’s effort to have residents who receive the services pay for them.
"The Council’s priority is that residents whose roads are being kept up and are benefiting from the county’s municipal services cover the cost," he said. "Before, county-wide funding was used to support projects in these subdivisions and neighborhoods."
Residents will see the tax-rate increases on their November property-tax bills.
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“We’re kind of turning the corner … and it’s now time to maybe put out the welcome mat in a careful and thoughtful manner,” said Bill Malone, president and CEO of the Park City Chamber/Bureau.”