WEST JORDAN — A public hearing for a proposed property tax increase will be held Aug. 14 at 6 p.m. at City Hall, 8000 S. Redwood Road.
If the tax increase passes, the additional revenue will be used primarily to fund additional law enforcement, modernize the city’s information technology infrastructure, fund the vehicle replacement program and repair aging physical infrastructure.
The portion of West Jordan residents' property tax passing to the city falls into two categories: General Purpose, which is used for general government operations, and General Obligation Bonds (approved by citizens in a general election). The second category can only be used to make debt payments on the General Obligation Bond. In fiscal year 2013, the General Obligation Bond payment portion will increase approximately 4.8 percent.
If the proposed budget is approved, the city would increase its property tax budgeted revenue by an additional 17 percent for a total increase of 21.82 percent above last year’s property tax budgeted revenue excluding new growth. This total includes the proposed 17 percent increase as well as general obligation debt and new growth.
If the tax is passed, city tax on a $189,500 residence would increase from $241.28 to $278.70, or $37.42 per year. Also, city tax on a $189,500 business would increase from $438.69 to $506.73, or $68.04 per year.
Please visit WJordan.com for more information
Copyright 2016, Deseret News Publishing Company