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TAX ALERT! |
| From The Utah Taxpayers Association | |
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| 1578 West 1700 South #201, Salt Lake City, Utah 84104 PH 972-8814 FX 973-2324 | |
December 9, 2002
To: All Members in Iron County
Re: Proposed 52.3% Tax Increase
Iron County is proposing a 52.3% property tax increase. If this tax increase is approved, the county’s revenue would increase from $1,969,424 to $2,998,443.
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Current and Proposed Taxes for Iron County
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| Property | Current Tax | Proposed Tax | Difference | ||
| $100,000 Residence* | $72.49 | $110.39 | $37.90 | ||
| $100,000 Business | $131.80 | $200.70 | $68.90 | ||
*Residences receive a 45% exemption under state law. Business properties receive no exemptions.
County officials intend to use approximately $800,000 for the maintenance and operation of the county jail, $25,000 to the library fund and $25,000 to the public health fund. The remainder of the increase would be distributed to repairs and improvements to the County Courthouse, the Fiddler’s Canyon building, the Dispatcher Center building and a 1.6% pay increase.
Utah taxpayers are among the most heavily taxed in the nation. Utah's total state and local tax and fee burden is 9th highest in the country and is 12.6% higher than the national average. Higher tax burdens lead to lower long term economic growth; therefore, when elected officials analyze their budget they should seriously consider the negative impact higher taxes will have on economic growth and future tax revenues.
Iron County will be conducting a Truth-in-Taxation hearing on December 19th, 2002 at 6 p.m. at the Iron County Courthouse, Parowon. The Taxpayers Association recommends that Iron County residents attend the public hearing and make their opinions known.