Property Tax

While the City has functioned well for the last 20 years, flat revenues and increasing costs over time mean Holladay now lacks budget to replace roads, storm drains, and other aging infrastructure elements that can no longer be repaired. The City has identified at least $75 million worth of currently unfunded infrastructure needs that will remain unaddressed without additional revenue.

Currently, 48% of Holladay’s total revenue is dedicated to public safety funding for police (31%) and fire (17%) and the cost of these contracted services is increasing. At the same time, the City has at least $75 million worth of currently unmet infrastructure needs. As Holladay assesses these costs, it’s clear that revenues aren’t enough to pay for needed improvements while also ensuring the City continues to serve residents well and meet ongoing obligations.

Current expenditures in the City budget do not reflect the total community need, including repair and reconstruction of public infrastructure. Without additional funding, Holladay’s infrastructure needs will continue to grow in number, urgency and cost of repair.

Holladay currently receives about 10% of the total annual property taxes for a parcel in the City. To address current needs, City property tax revenue may need to increase significantly. When the City first incorporated in 1999, its share of property tax was approximately 18%, but this has diminished over time as other taxing entities have raised their tax rates

Holladay Property Tax Fact Sheet

If you wish to appeal your property valuation you should call 468-3999 or visit www.slcotaxadmin.org.