That requires school boards to hold a public hearing and accept input before taking an official vote to set a new tax rate.Īs one step toward that, the district has to publish the maximum rate it could charge under state law. That certified rate number is shown on the property tax notice residents receive as the number listed if there were “no budget change.” The option to increase taxes anywayīut if school districts, or other taxing groups, intend to collect more revenue than the previous year, they can enact Utah’s truth-in taxation process. If Alpine were to do nothing to overcome this block, its tax assessment for the coming year would be set at. Overall, due to rising property values and overall growth in the Alpine School District, its tax rate has decreased by 34% since 2013. Tax rates are forced downward to keep revenue streams the same year to year. This means that as property values rise, taxing entities can only collect as much revenue as was generated the year before.
Generally, property tax rates in Utah are based on the amount of tax dollars collected the previous year. There’s an initial block on tax increases
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