SALT LAKE CITY – The Salt Lake City Council has approved a new budget, and that budget includes a property tax hike.
The increases would come to about $55 per year for a home costing $200,000, and the increase would be about $500 for a business worth $1 million.
The property tax increase will bring an estimated $8 million to the city. The tax increase is not final yet, and the public will have the opportunity to offer feedback on the proposal at a meeting scheduled for August 15.
