Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Nephi Council weighs property tax increase that would raise about $523,000
Summary
Nephi City proposed raising its property tax rate to generate roughly $523,000—about $140 a year for a $450,000 home—to help fund police staffing, a potential public safety building and other services; council held multiple related public hearings June 2.
Nephi City officials reviewed a proposed change to the municipal property tax rate that would raise an estimated $523,000 and increase the city’s rate from 0.000504 to roughly 0.001073.
City Administrator Seth Atkinson told the council the change would increase taxes on a primary residence valued at $450,000 by about $140 per year and would produce an approximate 6% increase to residential and commercial property bills. "The proposed increase would result in an additional $140 per year for a primary residence of $450,000," Atkinson said during the property-tax impact presentation.
The administration presented the property-tax impact schedule as part of FY2027 budget hearings. Officials said the additional revenue would support general fund needs, including police services, and could be used to make lease payments tied to a planned public safety facility. Atkinson said enterprise fund dividend transfers and other revenue sources were also being considered in the FY2027 financing plan.
The council held formal public hearings on the amended FY2026 budget and the FY2027 tentative budget during the June 2 meeting; no members of the public offered comments on the property tax hearing. The tentative budget remains subject to future council action and any legal noticing or vote required under state law.
