Sept. 2024| Vol. 21 Iss. 9
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HOLLADAY CITY COUNCIL VOTES UNANIMOUSLY TO ADOPT 15% PROPERTY TAX INCREASE By Collette Hayes | c.hayes@mycityjournals.com
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Truth in Taxation hearing was held Aug. 15 at Holladay City Hall to allow taxpayers public comment time to address the Holladay City Council regarding a proposed 15.05% property tax increase. The council adopted the 2024-25 budget on June 13, which covers the fiscal year beginning July 1, 2024, and ending June 30, 2025. The final budget anticipated a 15.05% property tax increase, raising approximately $1.2 million in needed revenue for Holladay City. The property tax rate increase on an average home in Holladay valued at $944,000 would be an additional $97 yearly. Residents might assume the increase is to their total property tax bill; however, this is inaccurate. The 15.05% increase is only to the Holladay City portion of the property tax, approximately 12% of a resident’s total property tax bill. When property taxes are raised 15.05%, the impact of the overall property tax increase for a property owner is somewhere around
2%. For individual taxpayer clarification, Holladay property owners can refer to Holladay City’s line item, which is included in the overall property tax bill. This will be the second time property tax has been raised since the city incorporated on Nov. 30, 1999. In 2021, a property tax increase of about $7 million was invested over three years to stabilize a failing road situation. So why is the city of Holladay raising property taxes again? According to Mayor Rob Dahle, there are three main reasons for proposing a property tax increase: basic inflationary pressures, a significant increase in the police line item, and the need to continue investing in Holladay City roads. When the city of Holladay went through a tax increase in 2021, the Utah Taxpayers Association, a nonprofit 501(c)(4) organization that works to limit state and local taxes,
The final approved budget featured a $1.2 million increase in needed revenue for Holladay City. (City Journals)
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