Public Hearing on Proposed Property Tax Increase – August 9, 2023 at 6pm
The Town of Alta is proposing to increase its property tax revenue from $243k to $400k by increasing its tax rate. The Town of Alta tax on a $1,894,000 residence with a residential exemption would increase from $661.48 to $1,086.49, which is $425.01 per year. The Town of Alta tax on a $1,894,000 business (or property without a residential exemption) would increase from $1,202.69 to $1,975.44, which is $772.75 per year. The Town is required to go through a “Truth in Taxation” process to increase the tax r
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