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Springville council adopts 3.5% property-tax increase after Truth in Taxation hearing
Summary
After a public Truth in Taxation hearing, the Springville City Council approved a certified tax rate of 0.001128 (0.000786 general operations; 0.000342 debt service), a 3.5% increase the city estimates will generate about $118,000 for FY2025.
Springville's City Council voted to adopt a higher certified property-tax rate on [date not specified], approving Resolution No. 2024-25 to set the city's combined certified rate at 0.001128.
City Administrator and Finance Director Bruce Bridal told the council and the public that state law requires a Truth in Taxation hearing whenever the proposed certified tax rate the city requests from the county exceeds the county-certified rate. "The Truth in Taxation hearing that we're here for tonight is necessitated as a result of state law," Bridal said during his presentation, which explained the mechanics of rates, tax-share percentages and how inflation has eroded the buying power of property-tax dollars.
Why it matters: Bridal said…
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