The levy imposed on actual property inside a selected geographic area of central Utah is set by combining native mill levies from varied taxing entities, together with the county authorities, college districts, and municipalities. This mixed fee is utilized to the assessed worth of a property to calculate the annual tax legal responsibility. For instance, a property assessed at $400,000 with a mixed fee of 0.0125 would incur an annual tax of $5,000.
This actual property levy supplies important funding for public companies reminiscent of training, infrastructure upkeep, public security, and native authorities operations. Historic adjustments to those charges replicate shifting group wants and priorities. Understanding this funding mechanism is essential for property homeowners for budgeting and monetary planning, and supplies beneficial perception into how native governments fund very important group companies.