The amount of this award is called the “Judgment Levy”. ![]() If it is determined that they have been overpaying their taxes because of an over-assessment, a judgment or rebate is awarded that can include multiple years of overpayments and interest. A business’s appeal may take years to resolve and can include multiple years of contested overassessments. Judgment LevyĮach year some large property taxpayers (businesses) appeal their property tax assessments contesting the county’s valuation of their property to request a refund of taxes overpaid. Information regarding property tax relief can be found here. New growth is new fixtures or construction, not a change in market value. The only way for cities to increase property tax revenue is to bring in new growth or raise revenues through increasing taxes. This creates stability in property tax collections and helps avoid the ups and downs associated with market fluctuations, but it also means that no adjustments are made to allow for inflation or to cover the increasing costs of providing city services. Though the values of property may increase or decrease, the rate is adjusted to ensure that taxpayers will still pay the same amount of tax. ![]() There is no built-in adjustment for inflation or other market changes. This means that property tax revenues are flat from year to year regardless of changes in market value. Utah law states that property tax revenues provided to a taxing entity (in this case West Valley City) are to remain level each year plus any new growth.
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