PROPOSED PROPERTY TAX IMPACT SCHEDULE
Taylorsville City will consider an increase to its property tax rate from 0.000820 to 0.000861 (estimated) to generate an additional $234,800.
Taylorsville City's Current Property Tax Rate 0.000820
Taylorsville City's Current Property Tax Revenue $4,669,857
Proposed Revenue with Tax Change $4,904,657
New Property Tax Revenue to Taylorsville $234,800
Estimated Increase to Taylorsville City's 5.00%
Property Tax Revenue
Estimated Increase to a primary residence of $472,000: $10.64 per year or 5% increase or 0.89 cents per month
Estimated Increase to a business valued at $472,000: $19.35 per year or 5% increase or $1.61 per month
Affected Department: Public Works
Proposed Budget: $5,545,818
Budget Without Tax Change: $5,311,018
Budget Change: $234,800
Impact of Tax Increase: The public works department will do additional road maintenance with these funds.
Total General Fund Change: $234,800
Notice of Special Accommodations (ADA)
In accordance with the Americans with Disabilities Act, the City of Taylorsville will make reasonable accommodations to participate in the meeting. Request -for assistance can be made by calling 801-963-5400 at least 3 business days in advance of the meeting to be held.