Property Tax Alert–Utah

March 2005

Utah school districts, in order to qualify for receipt of the state contribution toward the basic program, must impose a minimum basic Utah property tax rate in revenues statewide. The preliminary estimate for the 2005-2006 minimum basic tax rate is 0.001702 per dollar of taxable value (previously, 0.001754 per dollar of taxable value for the 2004-2005 tax rate). The Utah State Tax Commission must certify the basic minimum school district property tax rate by June 22 of each year.

Please contact Rash & Associates for more information.