The exception is the City of Monticello, which is expected to keep the tax rate the same as in prior years. With an increase in property values in Monticello, this could translate into a roughly four percent increase in the amount of tax collected.
A Truth in Taxation hearing will be required for the City of Monticello before the new tax rates are finalized. The Monticello City Council was expected to address the issue at the June 23 Council meeting, which was held after the press deadline.
The issue is complex because of a change in the assessed value of some properties. The value of centrally assessed properties, including oil and gas fields, dropped by $60 million in the past year.
An increase in the value of locally assessed properties in Monticello and Blanding, including homes and businesses, means local homeowners will carry an increasing portion of the total tax burden.
San Juan County Clerk Norman Johnson says the deadline to set the tax rates is June 26.