LOGAN – Cache County residents could see an increase in property taxes in 2020 resulting in an estimated $1.3 million added to the county’s general fund.
The council has held the property tax rate the last few years and they will continue to hold it in 2020, according to the Council Executive Craig Buttars.
However, increased home values means the county will be collecting additional revenue and that “results in a 10% increase that we have to advertise as a property tax increase,” said Buttars.
“We have to adjust for inflation, like everyone else,” he added.
There are an estimated 46,000 parcels in the county that would be impacted by the tax hike, amounting to an average increase of $26.18 per parcel.
Buttars stressed this is only a proposal and “we’re not tied into that 10% mark,” he said. “The council could always lower that.”
Property owners should receive a property tax notice in the mail by the first week of November.
A public hearing on the issue is scheduled November 26.