From Deseret News archives:

Utah County school revenues up

Increase linked to hefty rise in property values

Published: Monday, Aug. 27, 2007 12:28 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
PROVO — All three of Utah County's school districts held truth-in-taxation hearings this month after learning local property taxes will bring in more revenues than last year.

"Normally, all three school districts don't go through (truth-in-taxation hearings) in the same year," said Cary McConnell of the Utah County's Clerk/Auditor's Office. "From an outsider looking in, it may be interesting that all districts are doing it this year."

Property tax rates for two school districts — Provo and Nebo — actually went down, but the overall amounts collected by the districts increased, and the hearings were legally required.

Many residents will pay more in taxes because the values of their homes increased.

On average, Utah County homes increased 25 percent in value: Properties in northern Utah County increased 24.9, Orem/Provo increased 28.5 percent, and southern Utah County increased 20.8 percent.

"A lot of that is driven by the cost of land," Alpine Superintendent Vern Henshaw said. "Construction and labor is at a premium."

In addition to property taxes from existing homes and businesses, taxes from new construction also contribute to the increased revenues.

Story continues below
Last year the Alpine School District generated about $88 million in property taxes, or about 15 percent of the district's general fund. The district estimates it will collect $111 million next year.

Alpine business administrator Rob Smith said some of the new tax money is being used to build new schools, and to remodel and upgrade existing schools.

Three years ago, the district could build a school for $90-$100 a square foot.

"We're building schools now, I think with the high schools, $165-$175 a square foot," Smith said. "You'll never really know until you pay a final bill."

If the Board of Education halted planned construction of two elementary schools and one junior high, tax rates would be lower — an estimated 0.006529, Smith said.

On the other hand, last year when the district was drumming up support for the current construction plan, administrators had anticipated a rate of 0.007393 for this year. They were able to keep this year's tax rate of 0.006937 lower because of increased valuations.

In Provo, the city's assessed value was 3.4 billion last year. This year, property was assessed at $4.2 billion.

Last year, the city's school district received $21 million in property taxes. This year, it will likely be about $22.3 million, despite the tax rate decrease, because of growth and higher property valuations, according to a presentation by district business administrator Kerry Smith.

Recent comments

Quite a few details were left out of this story.

Alpine got...

Unhappy Alpine School Mom | Aug. 28, 2007 at 6:07 p.m.

Oh great. Revenue is up. Now the district can hire more...

SchoolDad | Aug. 27, 2007 at 9:31 p.m.

If RS will take the time to really look at the numbers, it will...

Yup | Aug. 27, 2007 at 8:04 p.m.

Related content
previousnext

Latest comments

Hall reprimanded by MWC

Stop begging the question- there is BEER and other alcohol inside of...

Dr. Oz's words if I am reading them correctly, that acquired immunity to a...

Marriage definitions vary widely

["without religion, marriage would not exist. you can't seperate the two"]...

My brother lived in Toronto for 3 years and has horror stories about Canadian...

Are Ute fans really that sensive, I never would have guessed it... Maybe they...

Hall's pain reflects self-betrayal

Great article. Totally agree. Max has apologized (although it could have...

Ha ha big win against stanford again this year! yup you sure tore it up!...

Utes won't respond to Hall

Very mature. How did you ever think of "Maxipad?" I'll bet all your third...

Oil prices spike

@Nothing New Here: Another good reason to find a new energy source!

U. eyes bowl for redemption

I have been to RES and know for a fact that there is BEER there!!!!!...

Advertisements