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Regional News: Utah home valued at nearly $1B after ‘horrific’ typo and taxpayers may pay for the mistake

Posted by   /  December 8, 2019  /  No Comments

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By David Aaro | Fox News

A phone drop error has impacted taxpayers in Wasatch County, Utah after a home was overvalued by almost $1 billion and now taxpayers and the local school district may be paying for the mistake.
(istock)

A ‘horrific’ clerical error has impacted taxpayers in a Utah county after a home was valued at almost $1 billion, and now taxpayers and the local school district may be paying for the mistake.

A 1,570 square foot home in Wasatch County built in 1978 was recorded on 2019 tax rolls with a market rate value of more than $987 million. In reality, the value should have only been a modest $302,000.

The Wasatch County assessor says the error occurred when a staff member may have dropped their phone on their keyboard. It caused a countywide overvaluation of more than $6 million and a deficit in five various county taxing areas — including the Wasatch County School District — which was unable to collect the nearly $4.4 million already budgeted, the Deseret News reported this week.

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