KAYSVILLE — A Truth in Taxation hearing on the proposed increase in the Kaysville City tax rate is scheduled for Tuesday, Aug. 12 at 6 p.m.
After updating information from the county on home values, the city is now proposing a 99.57 percent increase to help finance construction of a new police station, hire new police officers and increase staffing for the fire department. The increase is also necessary, according to city leaders, to pay for the city’s electricity usage and to make up for funds lost after the passage of Proposition 5 last year.
The proposition prevents the city from transferring funds from its electric utility fund to the general fund, and a state audit required the city to pay for its electricity use even though it owns the electric enterprise.
The increase will add $143.30 per year to the city tax portion of a home valued at $286,000, according to Dean Storey, city finance director. For a house of that value, which is the average cost of a home in Kaysville, last year’s rate was $143.93 and this year’s would be $287.23.
If passed, the increase would bring the city an additional $1.275 million for a total budget in the general fund of $13,489,839, said Storey.
In a newsletter sent to residents, Mayor Steve Hiatt emphasized that the city’s tax rate is currently the lowest in the county. With the proposed increase, eight of Davis County’s 15 cities will still have a higher rate than the one proposed by Kaysville.
Two days after the hearing, on Thursday, Aug. 14, also at 6 p.m., the city council will make a final vote on the proposal. Both meetings will be held in city hall, 23 E. Center.