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Nibley adopts certified property tax rate of 0.00138 for 2025-26; council waives second reading
Summary
At a June 18 special meeting, the Nibley City Council approved Resolution 25-19 to accept the state-certified property tax rate of 0.00138 for the 2025-26 budget year, voting 4-0 to waive a second reading and forward the document to the county auditor and state tax commission.
Nibley — The Nibley City Council voted 4-0 on June 18 to adopt Resolution 25-19 and accept the Utah-certified property tax rate of 0.00138 for the 2025-26 fiscal year, and the council waived a second reading so the resolution could be signed and sent to the Cache County auditor and the Utah State Tax Commission.
City staff presented the certified rate and the revenue projections that accompany it. Justin, a city staff presenter, said the certified tax rate "came in at 0.00138" and that the city's taxable value rose to about $797,409,832. He told council members the difference between the city's earlier projection and the certified rate translated to roughly $30,000 in revenue — a small variance against the roughly $1.1 million of projected property tax revenue.
Staff recommended not raising the rate above the certified amount. Justin told the council that the certified rate was "very, very, very, very, very similar to what it was last year" and that, because the taxable value was higher, the city still expected to move some funds into capital projects. He said the city currently projects transferring roughly $150,000 to $170,000 into the capital projects fund under the adopted rate. He described the primary reason to consider a higher rate would be to increase that capital-savings amount.
A council member moved to adopt the certified rate and to waive the second reading. The motion was approved by roll call: Council member Mann — in favor; Council member Larson — in favor; Council member Lowerson — in favor; Council member Mansell — in favor. The mayor signed the resolution on screen and staff indicated the signed document would be forwarded to the county auditor and the Utah State Tax Commission.
The decision fixes the property tax rate the city will use when finalizing the 2025-26 budget and provides a modest cushion for capital projects without raising the rate above the state-certified level. Staff noted that the projected $1,100,000 in property tax revenue is not guaranteed in full because of delinquencies or timing differences; the city budget currently budgets $1,070,000 as a conservative estimate.
With the adoption complete, staff will transmit the signed resolution to the Cache County auditor and the Utah State Tax Commission as required.
