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Lehi Cityscape

Truth in Taxation

Lehi City is proposing to increase its property tax revenue. If the proposed budget is approved, Lehi City will increase its property tax budgeted revenue by 3.38% above last year’s property tax budgeted revenue (excluding eligible new growth). 

Notice of Proposed Tax Increase

Impact on REsidents and Businesses

The proposed Lehi City tax on a residence valued at $559,000 would increase from $353.57 to $365.56, which is $11.99 per year. 

The proposed Lehi City tax on a business valued at $559,000 would increase from $642.85 to $664.65, which is $21.80 per year. 

What is Truth in Taxation?

Utah’s property tax system is governed by a set of laws and regulations commonly referred to as “Truth in Taxation.” The objective of these rules is to keep property taxes from rising simply as a result of increasing property values. Each year the Utah State Tax Commission determines each taxing entity’s “Certified Tax Rate”. Anytime a taxing entity assesses a property tax rate higher than the certified rate, the entity must advertise that rate as a tax increase.

Understanding Utah Property Taxes

Public Hearing

A public hearing will be held on August 16, 2022 at 7 p.m. at Lehi City Hall, 153 N 100 E. 

 

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