'Typo' may have overvalued Utah home at nearly $1B


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) — Utah officials say a possible dropped phone resulted in a typo that overvalued a home for almost $1 billion.

And taxpayers may have to pay for the mistake.

The Deseret News reports a house built in 1978 in an unincorporated area of the county was recorded in 2019 tax rolls with a value of more than $987 million. That's an overestimate of about $543 million in taxable value.

Wasatch County Assessor Maureen “Buff” Griffiths told officials last month a staff member may have dropped a phone on a keyboard. Griffiths said the accident has resulted in a countywide overvaluation of more than $6 million.

Griffiths added that the blunder also produced revenue shortfalls in five taxing entities.

Wasatch County officials say residents will likely see an increased tax rate over the next three years to make up for the lower amount collected in 2019.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast