From Deseret News archives:
Like prices, property tax on the rise
85 government entities in Utah propose boosts
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Riverton is proposing a 204 percent increase costing $64 on a $250,000 home. City officials say that is needed to fill gaps in city revenue caused by evaporating new construction. Last year, it had about 1,000 residential building permits. This year, it expects only 100 which will hurt its revenue stream.
Mayor Bill Applegarth trimmed about $700,000 from Riverton's 2007-08 budget and laid off five city employees, including its public works director. But he has said the city still needs $1 million more in revenue, so the tax increase was proposed.
E-mail: lee@desnews.com, bbjr@desnews.com
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Recent comments
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needhlp20 | Aug. 15, 2008 at 8:21 p.m.
My property tax rate did not increase, but the assessed value of my...
feeling the bite in Davis Co. | July 31, 2008 at 10:53 p.m.
The assessments on most our homes is way over valued, and in some...
DAVIS COUNTY RESIDENTS | July 31, 2008 at 7:37 p.m.
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