Pleasant Grove City officials considered a proposal to increase property tax rates from .0009380 to .001020. The proposed change was intended to generate an additional $683,088 for the city's tentative budget covering July 1, 2026, through June 30, 2027.
Projected Revenue Increase Details
The proposed tax change would have increased Pleasant Grove City's property tax revenue from $4,178,247 to $4,543,914. This represents an estimated 8.75% increase in property tax revenue for the city.
Estimated Cost for Property Owners
For a primary residence valued at $601,623, the estimated annual increase was projected at $27.16. A commercial property valued at $601,623 would have seen an estimated annual increase of $49.38.
Police Department Budget Impacts
The budget change would have impacted several departments. The Police Department budget was proposed at $6,443,047, a change of $153,667 from the budget without the tax change. This increase was intended to fund the hiring of one new police officer and provide funding for reserve and retention.
Fire Department Funding Plans
The Fire Department proposed budget was $3,616,747, which represented a $212,000 change from the budget without the tax change. The impact of this increase included hiring two new firefighters and providing funding for outfitting.
General Fund Total Change
The total proposed change to the General Fund was $365,667.
