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Show The Salt Lake Tribune, Saturday. NOTICE OF PROPOSED TAX INCREASE August 21,1999 NOTICE OF PROPOSED TAX INCREASE Salt Lake County, on behalf of its County Wide Salt Lake County, on behalf of its Municipal Aggregate Funds, is proposing to increase its Type Service Fund, is proposing to increase its property tax revenue. As a result of the proposed property tax revenue. As a result of the proposed increase, the tax on a $167,000 residence will be $184.07, and the tax on a business having the same value as the average value ofa residence in the taxing entity will be $334.67. Without the proposed increase, the tax on a $167,000 residence would be $151.46, and the tax on a business having the same increase, the tax on a $167,000 residence will be $275.37, and the tax on a business having the same value as the average value ofa residence in the taxing entity will be $500.67. Without the proposed increase, the tax on a $167,000 residence would be $217.41, and the tax on a business having the same value as the average value of a residence in the taxing entity would be $395.29. value as the average value of a residence in the This would be an increase of 26.7%, whichis $57.96 taxing entity would be $275.38. The 1999 proposedtax rate is 0.002004.1 Without the proposed increase, the rate would be 0.001649. This would be an increase of 21.5%, per year ($4.83 per month) on a $167,000 residence which is $32.61 per year ($2.72 per month) on a or $105.38 per year ($8.78 per month) on a business $167,000 residence or $59.29 per year ($4.94 per month) on a business having the same value as the average value of a residence in the taxing entity. With new growth, this property tax increase, and} The 1999 proposed tax rate is 0.002998. Without the proposed increase, the rate would be 0.002367. having the same value as the average value of a residence in the taxing entity. With new growth, this property tax increase, and other factors, Salt Lake County, on behalf of its County Wide Aggregate Funds, will increase its property tax revenue from $86,269,543 collected last year to $113,903,950 collected this year which is a revenue increase of 32.0%. As part ofthe increase in property tax revenues, Salt Lake County, on behalf of its County Wide Aggregate Funds, proposes to impose a judgment levy to pay property tax refunds ordered bythe State Tax Commission and the courts. Ofthe total increase in property tax revenues $3,723,344 represents the total outstanding judgments. Of the total increase of $57.96 on an averageresidence of $167,000 in Salt Lake County, $9.00 is due to the judgementlevy. Of the total increase of $105.38 on a business having the same value as an average residence, $16.37 is due to the judgementlevy. All concernedcitizens are invited to a public hearing on the tax increase and the decision to impose a judgementlevy to be held on August 30, 1999 at 7:00 P.M. in the Salt Lake County Commission Chambers in the County Government Center, 2001 South State, Salt Lake City, Utah. NOTICE OF PROPOSED TAX INCREASE Salt Lake County, on behalfofits Library Fund, is proposing to increase its property tax revenue by imposing a judgment levy to pay property tax refunds ordered bythe State Tax Commissionandthe courts. The total judgement amountfor the Library Fund is $374,965. The tax impact on a $167,000 residence will be $1.38 per year, andthe tax on a business having the same value as the average value ofaresidenceinthe taxing entity will be $2.51 per year. All concernedcitizens are invited to a public hearing onthe decision to impose a judgement levyto be held on August 30, 1999 at 7:00 P.M. in the Salt Lake County Commission Chambersin the County Government Center, 2001 South State, Salt Lake City, Utah. other factors, Salt Lake County, on behalfofits Municipal Type Services Fund, will increase its property tax revenue from $17,224,001 collected last year to $20,371,652 collected this year which is a revenueincrease of18.3%. Aspart ofthe increase in property tax revenues, Salt Lake County, on behalfofits Municipal Type Services Fund, proposes to impose a judgment levy to pay property tax refunds ordered bythe State Tax Commissionand the courts. Ofthe total increase in property tax revenues $548,936 represents the total outstanding judgments. Ofthe total increase of| $32.61 on an average residence of $167,000 in Salt Lake County, $4.96 is due to the judgement levy. Of the total increase of $59.29 on a business having the same value as an average residence, 9.02 is due to the judgement levy. All concerned citizens are invited to a public hearing on the tax increase and the decision to impose a judgement levy to be held on August 30, 1999 at 7:00 P.M. in the Salt Lake County Commission Chambers in the County Government Center, 2001 South State, Salt Lake City, Utah. NOTICE OF PROPOSED TAX INCREASE Salt Lake County, on behalf of its Assessing and Collecting Fund, is proposing to increaseits propertytax revenue by imposing a judgment levy to pay property tax refunds ordered by the State Tax Commission andthe courts. The total judgement amount for the Assessing and Collecting Fund is $265,953. The tax impact on a $167,000 residence will be $0.64 per year, andthe tax on a business having the same value as the average value of a residence in the taxing entity will be $1.17 per year. All concernedcitizens are invited to a public hearing onthe decision to imposea judgement levy to be held on August 30, 1999 at 7:00 P.M. in the Salt Lake County Commission Chambersin the County Government Center, 2001 South State, Salt Lake City, Utah. A7 |