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Payson holds first public hearing on property tax levy; rate set below truth-in-taxation threshold
Summary
At a June 25 public hearing the town presented a proposed property tax levy rate of 0.2855 per $100 assessed valuation, estimated to raise about $720,000; a second public hearing and adoption are scheduled for July 9.
The Town of Payson held the first public hearing on June 25 for its proposed property tax levy for fiscal year 2025-26, with staff presenting a levy worksheet that set the maximum rate without triggering a truth-in-taxation hearing at 0.2855 per $100 of assessed value.
Finance Director Dana Hanesian told the council the rate at 0.2855 would generate an estimated $720,000 in property tax revenue for the town, roughly $3,000 more than the prior year even…
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