Draper City is holding a meeting on September 21st at 8:30pm at city hall chambers to adopt a revised property tax rate for Traverse Ridge Special Services District.
The City will be holding a TRSSD meeting to adopt a revised property tax rate. This is the rate the Utah State Tax Commission has certified as the equalized tax rate for the District which means it is a weighted average of the two counties certified tax rates. The word ‘certified’ means there was no tax dollar increase, but due to some change in legislation the formula cities have used for years to calculate the tax rate was changed and became much more complicated.
The original tax rate adopted by the City and originally certified by the State was .003263.
The revised tax rate is .003171 and is the rate property owners have received on their tax notices already.
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