Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Taxes Pids topic
No spam. Unsubscribe anytime.
Treasurer warns homeowners about property tax impact of PIDs; county collections improving
Summary
Iron County Treasurer reported rising cash balances and lower outstanding taxes year‑over‑year but warned that public infrastructure districts (PIDs) at six mills can nearly double property tax bills for affected homeowners in higher‑value areas.
County Treasurer Nicole reported that since the start of the year the county has collected more than $7 million and that pool cash balances and interest revenue remain strong. Nicole said the county’s outstanding taxes have fallen from about $13.5 million at the same time last year to about $2.5 million this year, and that the county’s monthly interest earnings on pooled cash are currently around $240,000.
Nicole also briefed the commission on public infrastructure districts (PIDs). She said Cedar City has approved nine PIDs and several collect a special assessment when lots sell; three of the current PIDs will be levied as a tax. Nicole used a local example to illustrate the impact: a home with a $2,378 tax bill would increase by about $1,834 if a six‑mill PID were applied, producing a new total of about $4,213 — an increase Nicole described as "nearly doubling" the tax burden for that homeowner.
The treasurer said some developers do not understand the county taxing cycle and suggested Cedar City and other local officials need education on how PIDs affect tax bills and how to submit levy information in time for county tax-rate calculations. She said she has provided PowerPoint materials and recommended better coordination between cities, developers and the county tax office.
Nicole also updated the commission on the county's May tax sale (down from 109 to 64 properties), the collection of personal property tax, and the county’s investment and cash‑pool performance.
