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Taxpayers On The Hook After Typo Overvalued Utah Home By Nearly $1 Billion

Businessperson Calculating Property Tax

Residents in Wasatch County, Utah, may see higher taxes over the next few years after a home wasĀ accidentally valued at $987 million on the 2019 tax rolls. As a result of the typo, which officials blamed on a staff member who dropped their phone on a keyboard, there was a countywide overvaluation of more than $6 million.

Government officials included that extra $6 million in their budget but were unable to collect the money,Ā resulting in a massive shortfall in tax revenue. The deficit impacted five different Wasatch County taxing entities including the Wasatch County School District, which is $4.4 million in the hole.

Officials apologized for the error, but have told residents they will need to pay higher taxes for the next few years to cover the county's expenses.

ā€œAn abnormality of almost $1 billion is a big deal, and it should have been caught,ā€ County Manager Mike Davis told theĀ Deseret News. ā€œThere are checks in place that it should have been looked at. We will modify those in the future and do a better job.ā€

Photo: Getty Images


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