The levy imposed on real estate within a specific geographic region of central Utah is determined by combining local mill levies from various taxing entities, including the county government, school districts, and municipalities. This combined rate is applied to the assessed value of a property to calculate the annual tax liability. For example, a property assessed at $400,000 with a combined rate of 0.0125 would incur an annual tax of $5,000.
This real estate levy provides essential funding for public services such as education, infrastructure maintenance, public safety, and local government operations. Historical changes to these rates reflect shifting community needs and priorities. Understanding this funding mechanism is crucial for property owners for budgeting and financial planning, and provides valuable insight into how local governments fund vital community services.