$585M Error on County Tax Rolls
Nov 06, 2019 | 1554 views | 0 0 comments | 68 68 recommendations | email to a friend | print
by Laurie B Wynn

Wave CoPublisher

A misplaced decimal point on a property valuation for the tax rolls resulted in a $543M error on one taxpayer property valuation.

The issue was brought to Wasatch County Manager Mike Davis’ attention by a citizen who had requested a property list from Wasatch County. The citizen then wanted to discuss the list with Davis on Friday evening when the anomaly was noticed.

On that list was a single parcel with a taxable value of $543M. “I immediately noticed that wasn’t appropriate for a single parcel,” Davis told the Wasatch County Council in an emergency meeting held Monday night. “I didn’t recognize the name on the parcel. After determining whose property it was, discovered it was just a regular house that would have a value in the $500,000 - $800,000 range that was valued at a taxable value of $543M. Because it was a primary residence, market value was listed at $989M (just under $1B).”

The house is in the tax district #14 - Twin Creeks - County unincorporated area. This district, in 2018, had a value of $675.8M. That same district in 2019 had a taxable value of $1.260B - which includes the error.

That value appears to be a mistake as the property was erroneously entered into the tax roll due to a misplaced decimal point.

Davis told the Council the implications of this is yet to be fully seen. “None of the municipalities will have an effect on their tax rate.The entities affected from a tax standpoint will ...

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