Logan schedules Truth in Taxation hearing Aug. 1; proposes small property-tax increases for general and library funds

Logan City officials announced on July 16 that they will hold a Truth in Taxation meeting at 6 p.m. Thursday, Aug. 1, to consider adopting a certified property tax rate and the city budget.

City presenters explained Utah’s Truth in Taxation process: when property values rise, the certified rate typically falls so that a taxing entity collects roughly the same revenue as the prior year, plus any revenue from new growth. To seek additional revenue the taxing entity must hold a separate, statutorily required Truth in Taxation hearing and adopt a certified rate.

What’s proposed: Staff said the city is proposing a certified property tax rate of 0.000965. Under staff estimates, that certified rate would produce about $81,561 in additional general-fund revenue (an increase of about 3.35%) and about $126,283 in additional revenue for the library fund (about 5% increase). The presenters said the city has not increased the general levy since 2010 and not increased the library levy since 2017.

Estimated homeowner impact: Staff provided illustrative homeowner impacts: on a $505,000 residence the proposal would increase annual property tax payments from $257.47 to $268.03 (about $10.56 per year); for a business the increase example was $19.19 annually for the same assessment base.

Why it matters: The Truth in Taxation hearing is the formal, voter-noticed opportunity for residents to comment on property-tax increases and for the council to adopt a certified rate or leave it unchanged. City staff said the Aug. 1 meeting will be the only topics on that special meeting agenda: setting the property tax rate and adopting the budget (or adopting a budget alternative as required by state code).

Next steps: The council scheduled the Aug. 1 Truth in Taxation meeting and will accept public comment at that time before any tax rate adoption.