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CEDAR CITY — Citing the need for a new jail and sheriff's complex, plus rising operating costs due to inflation, Iron County officials say they intend to increase property tax revenue by nearly $6 million annually.
The proposed increase would roughly double the property tax budgeted revenue of Iron County's general fund, with a 99.49% increase.
For example, Iron County's general fund property tax on a $405,000 residence would increase from $186.44 to $371.93 annually, or $185.49. Meanwhile, the tax on a $405,000 business would go from $338.99 to $676.25, an increase of $337.26 per year.
"The purpose of this increase is to pay to construct a long-needed sheriff's complex and to fund continued operations for Iron County due to inflation," Iron County Commissioner Paul Cozzens said during the commission's regular meeting in Parowan on July 25.
