Park City taxpayers will see a 5.49% increase in taxes next fiscal year. The school board approved a 2.8% increase this week, and the other 2.7% is funds the state must redistribute to other districts in the state.
A $1.1 million apartment will now cost $2,225.80, up $99.83 from last year. The county had originally proposed a local increase of 3.8 percent, for a total increase of 5.6 percent, which would have cost taxpayers more than $133 more per year.
The district says the money from the tax increase will go toward supporting teachers. The board entered into a three-year agreement last year with the Park City Education Association and Educational Support Professionals to invest in employee compensation and attract and retain top talent for each position. The tax increase will fund that investment.
However, some residents expressed concern about the increase. Resident Wendy Miller told the board during a public hearing that the school district’s tax increases were unsustainable.
“There’s just a lack of understanding that while we all want the best for schools, this is not the super-rich community that people seem to think it is,” she said. “I know it doesn’t make a difference, taxes will continue to rise, but that’s not sustainable.”
Taxpayers will experience this increase starting next tax year. Owners have until September 15th to challenge their property values with the Summit County Board of Equalization.
