This entry was posted on Wednesday, August 8th, 2007 at 3:22 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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According to a local paper, the county assessors office decided to have a wild time with appraisals this year, giving many homeowners inflated appraisals claiming their homes appreciated over 60% this past year alone. My home’s appraisal, as I mentioned yesterday, came in $50,400 higher than last years. That’s more than 40% appreciation for one year’s time.
The county is further obscuring the true effect of this tax hike by raising taxes minimally. For example, my taxes are going up less than 20% on a 40% appreciation. This minimal rise amounts to roughly $150. For many Utah tax payers, this amount may seem more moderate, and possibly trivial, keeping them from protesting the incredible appreciation claims. What few residents realize however, is that EVERY single one of Utah County’s government branches is clamoring for more tax money. That means that if I allow the county to increase my appraised value 40%, I may well see my tax liability nearly double by next year.
The Daily Herald article goes on to state: The Provo School District is looking for a 6 percent increase — as much as $1.2 million — on the amount it gathered last year, to pay for rising energy costs, personnel and keeping up with inflation. It’s the first such increase in five years, said business administrator Kerry Smith.
“I can assure you it has nothing to do with the assessed values,” Smith said. “It’s not ‘Get while the getting’s good.‘ “.
So the government is claiming the money grab and clamoring for more taxes has nothing to do with the increase in property values and potential tax yield. Ya…right.
read comments (1)
August 9th, 2007 at 4:47 am
Can they just change the way they assess without a changing of city/county rules? That’s odd they would just change like that.