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Wasatch County approves BOE adjustments including refunds tied to St. Regis hotel parcels
Summary
Clerk/Auditor staff presented the fourth round of Board of Equalization adjustments covering 59 parcels (mostly St. Regis Hotel properties) with total market value about $266 million and about $85,000 in refunds recommended; council approved the BOE changes and several assessor adjustments were noted totaling roughly $21,000 in tax-dollar refunds.
Wasatch County Council on Dec. 4 approved Board of Equalization adjustments and assessor corrections that affect resort and condominium-hotel properties, including parcels associated with the St. Regis Hotel.
Clerk/Auditor staff reported 59 parcels in the most recent BOE round with a combined market value near $266,000,000 and said hearing officer recommendations would result in roughly $85,000 being refunded to property owners. The hearing officer made square-footage-based adjustments on some units and concluded there was insufficient proof to remove intangible valuation components entirely.
The county assessor explained that some condominium-hotel arrangements complicate valuation because units owned privately but placed in rental pools create tension between residential and commercial taxation. The assessor also noted the office began billing personal property taxes this year for some units that historically had not paid those taxes.
In addition to the BOE round, staff reported about $21,000 in assessor adjustments identified outside the BOE process that will be returned to property owners as tax-dollar refunds.
Council moved to approve the BOE adjustments as presented and voted in favor. Council later handled a separate, small abatement for a constituent (Mr. Katz) to forgive a late fee of under $100, which staff said would not affect back taxes.
Council asked staff to continue working with property owners to clarify valuation questions and signaled a desire to establish consistent future approaches for assessing condominium-hotel and rental-pool arrangements.
