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Taylorsville approves tax hike in new budget

Published August 16, 2012 7:20 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

The Taylorsville City Council on Wednesday voted 3-2 to approve a fiscal 2013 budget that includes a 15 percent tax increase.

The increase and new growth are expected to bring in $4,243,848 in property tax revenue, about $607,000 more than in fiscal 2012. The bump raises the city portion of property tax on a $172,000 residence by $26.39 annually, from $181.92 to $208.31, and on a $172,000 business by $47.98 annually, from $330.76 to $378.74.

Council members voted 3-2 in June to approve a tentative budget that included the tax hike. They earmarked approximately $600,000 for maintenance of street-scapes and to build a safety wall along 4100 South from Redwood Road to 1300 West, where cars have veered off the street into backyards.