South Ogden council adopts tentative FY2027 budget that includes proposed $476,300 property-tax increase

The South Ogden City Council on May 5 adopted a tentative FY2027 budget that includes a proposed property-tax revenue increase of about $476,300, city finance director Peter told the council.

Peter said the proposal reflects a preliminary tax rate of 0.002455 and would raise estimated property tax revenue from $4,583,958 to about $5,060,258. "The approximate dollar amount of the additional tax would be about... $476,300," he said during the council presentation. He said the proposal represents an approximate 10.39% increase in ad valorem revenue and equates to roughly $67.76 a year for a home valued at $483,000 and about $123.20 for similarly valued business property.

The figures presented were preliminary, Peter said, because the county is still finalizing certified rates; final numbers and the exact tax rate will be confirmed when the county publishes its data in mid-June. The council approved Resolution 26-08 to declare the city's intent to increase property-tax revenue and instructed staff to notify the county auditor and state tax commission by June 1.

Council members stressed that the tentative budget is an initial proposal and that the council will hold a truth-in-taxation public hearing before any funds are spent. The public hearing on the proposed tax increase is scheduled for Aug. 4 at 6 p.m. at City Hall; notices will be published in accordance with open-meeting and truth-in-taxation requirements.

The tentative budget includes itemized uses for the proposed revenue — including equipment, sidewalk repairs, parks and police fleet funding — but the council and staff emphasized the amounts are tentative and that the funds cannot be spent until formally adopted following the public process.