Salt Lake Metropolis raises property tax after elevated demand for companies

Downtown Salt Lake Metropolis and Salt Lake Valley are pictured June 2. The Salt Lake Metropolis Council voted in favor of a property tax enhance on Monday. (Spencer Heaps, Deseret Information)

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SALT LAKE CITY – Leaders in Utah’s capital metropolis accepted a plan Monday that raises the property tax to about 4.9% that might go towards enhancing town’s companies and paying for brand new initiatives on town’s west aspect.

The Salt Lake Metropolis Council accepted the escalation in a brief particular assembly on the matter. Metropolis officers say the rise would elevate property taxes to $130.45 per 12 months on a house with a median worth of $520,000.

Salt Lake Metropolis Mayor Erin Mendenhall voted months after first proposing a rise in Could, arguing that town’s companies/bills, library staffing/bills, and authorized protection linked to town’s unprecedented demand for companies will assist in making the fee.

The council heard from some residents opposing the measure throughout a gathering earlier this month. One other Salt Lake Metropolis resident, George Chapman, supplied a last-ditch effort to steer council members to cease elevating taxes.

“If this occurs, disabled aged, low-income (earners and) fixed-income seniors will all be harm,” he mentioned. “This tax hike is a slap within the face, particularly for these in want.”

Michael Biles, who lives on the west aspect of town, is amongst those that have supported the rise within the final two conferences. He advised the council that he was thrilled that extra money can be directed towards the west of town, not solely from tax will increase but in addition from the $67.5 million gross sales tax income bond that the council accepted on August 17 and an $85 million common obligation bond. Headed to the November vote.

About one-third of the duty bonds are anticipated to go to finance the brand new Glendale Regional Park.

“I feel there’s plenty of focus happening westward initiatives in these,” he mentioned. “Residents on the west aspect are paying for the paths and parks on the east aspect and getting little to indicate for it. No one likes a hike in taxes, however I feel the west aspect in us Want to see a few of the refund for our taxes.”

The council additionally selected Monday to proceed listening to on amendments to its ultimate 2022-23 fiscal 12 months price range that targeted on utilizing transport influence charges to rebuild roads, funding supplies that might educate voters on bonds on the poll. does, improves. Funds for bicycle and pedestrian entry and an out of doors exercise grant within the 600 North/700 North hall.

A public listening to on the proposal has now been scheduled for September 6.

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Carter Williams is an award-winning reporter protecting common information, outside, historical past and sports activities for He beforehand labored for Deseret Information. He’s a Utah transplant by way of Rochester, New York.

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