SCORECARD
2007 Approved School District Property Tax
Rates and Budgets
Rank | District | Tax
Rate | Budget (000) | Tax on $1M
Business | Tax on $250K Primary
Residence |
1 | Tooele |
0.008411 |
$18,959 | $8,411 |
$1,157 |
2 | South
Sanpete | 0.008304 |
$3,206 | $8,304 |
$1,142 |
3 | Ogden |
0.008176 | $21,630
| $8,176 | $1,124 |
4 | Nebo |
0.008150 | $40,208
| $8,150 | $1,121 |
5 | San
Juan | 0.007739 | $5,085
| $7,739 | $1,064 |
6 |
Duchesne |
0.007678 | $9,255 |
$7,678 | $1,056 |
7 | Juab |
0.007609 | $4,724 |
$7,609 | $1,046 |
8 | Logan
City | 0.007304 |
$11,565 | $7,304 |
$1,004 |
9 | Davis |
0.007176 | $93,868
| $7,176 | $987 |
10 | Alpine |
0.006937 |
$94,224 | $6,937 |
$954 |
11 | Beaver |
0.006919 | $3,494 |
$6,919 | $951 |
12 | Jordan |
0.006617 | $184,915
| $6,617 | $910 |
13 | Sevier |
0.006465 | $6,117 |
$6,465 | $889 |
14 | Garfield |
0.006391 | $2,810 |
$6,391 | $879 |
15 |
Wasatch |
0.006320 |
$21,062 | $6,320 |
$869 |
16 | South
Summit | 0.006307 |
$9,317 | $6,307 |
$867 |
17 | Cache |
0.006260 | $16,315
| $6,260 | $861 |
18 | North
Sanpete | 0.006260 |
$2,926 | $6,260
| $861 |
Mean | |
0.006024 | $26,676
| $6,024 | $828 |
19 | Uintah |
0.006014 | $19,595
| $6,014 | $827 |
20 | Box
Elder | 0.005958 |
$13,760 | $5,958 |
$819 |
21 | Carbon |
0.005841 | $12,067
| $5,841 | $803 |
22 | Millard |
0.005792 | $10,294
| $5,792 | $796 |
23 |
Washington |
0.005655 | $65,954
| $5,655 | $778 |
24 | Weber |
0.005626 | $37,360
| $5,626 | $774 |
25 | Emery |
0.005467 | $8,524 |
$5,467 | $752 |
26 | Granite |
0.005411 | $117,572
| $5,411 | $744 |
27 | North
Summit | 0.005283 |
$5,351 | $5,283 |
$726 |
28 | Iron |
0.005278 | $19,046
| $5,278 | $726 |
29 | Morgan |
0.005257 | $3,793 |
$5,257 | $723 |
30 | Provo |
0.005239 | $22,367
| $5,239 | $720 |
31 | Murray |
0.005089 | $15,195
| $5,089 | $700 |
32 | Salt
Lake | 0.005084 |
$86,097 | $5,084 |
$699 |
33 | Piute |
0.004929 | $322 |
$4,929 | $678 |
34 | Park
City | 0.004302 |
$41,227 | $4,302
| $592 |
35 | Grand |
0.004248 | $3,881 |
$4,248 | $584 |
36 | Daggett |
0.004091 | $839 |
$4,091 | $563 |
37 | Wayne |
0.004082 | $731 |
$4,082 | $561 |
38 | Rich |
0.003773 | $2,230 |
$3,773 | $519 |
39 |
Kane | 0.003484 |
$4,460 | $3,484 |
$479 |
Source: Utah State Tax Commission, 2008
ECONOMIC NOTES:
- Global>Business Confidence
- Global business confidence continues to deflate.
U.S. business confidence slid to a new record low in
mid-April, consistent with recession. Assessments of
current business conditions and the strength of sales
have never been lower. Financial services firms have
also have never been as pessimistic. Equipment
investment slipped sharply last week, and hiring
intentions are soft. Inventory investment has turned
positive during the past two weeks, and confidence
remains stronger in Asia and South America.
- Bankruptcy Filings
- Personal bankruptcy filings continue to increase
from their post-reform lows at a slow pace. Filings in
the fourth quarter were 27% above last year, but
remained 40% below the fourth quarter of 2004,
before reform legislation and in a better credit
environment. Business bankruptcies are following a
similar but more muted pattern, up 43% from the
fourth quarter of last year, but only up 2.7% over the
past three years.
- Treasury International Capital Flows
- Net long-term TIC flows in February rose to $72.5
billion from $57.1 billion in January.
- Production
- Industrial production rose 0.3% in March, besting
expectations for a modest 0.1% decline. All three
categories that comprise industrial production-
utilities, mining and manufacturing-improved during
the month. Capacity utilization inched up to 80.5% but
the trend is consistent with rising resource slack.
Overall, the report suggests that the industrial sector,
while contracting, is not dropping precipitously.
- CPI
- The Consumer Price Index ended March 2008 at
213.3, up 4% over the previous year and 0.3% from
February. This is a slight decrease from February's
rate, which was 4.1% on a yearly basis, but the
monthly increase of 0.3% was higher than the
previous monthly rate, which was near zero. Core CPI
inflation came in at 2.4% per year, a tenth of a
percentage point increase over the previous month.
Overall inflationary pressures remain in check, an
expected result given the current contraction in the
economy.
- PPI
- Producer prices for finished goods rose by a rapid
1.1% in March, following a 0.3% increase in February.
Much of the increase was due to inflation in food and
energy prices, which rose sharply at all levels of
processing. Excluding food and energy, prices for core
finished producer goods rose by 0.2% during the
month. Price increases remained more rapid at
earlier stages of processing. Core prices for
intermediate products rose by 1.1%, while core prices
for crude materials rose by 3.5%.
- Business Inventories (MTIS)
- Total business inventories increased by 0.6% in
February, matching consensus expectations. Retail
inventories are the new piece of data in the report, and
these rose by 0.2%. Sales fell 0.2% on aggregate
from a month ago, leading to a rise in the
inventory/sales ratio. The I/S ratio climbed to 1.28 from
1.26 previously.
- New Residential Construction (C20)
- Housing starts decreased 11.9% to 0.947 million
units in March, putting the level below Moody's
Economy.com's expectations. Housing permits
decreased 5.8% during the month. Expect the market
to remain soft throughout at least the first half of this
year, even with more rate cuts by the Federal Open
Market Committee.
- NAHB Housing Market Index
- Housing market activity is stable at a very low level,
according to the National Association of
Homebuilders housing market index. However,
current activity remains very weak. The composite
index is flat at 20 in April, the third consecutive such
reading. Traffic of prospective buyers is picking up, as
are expectations for future sales. Actual current sales
activity is ticking down.
- MBA>Mortgage>Applications>Survey
- The MBA market composite indices finished
mixed for the week ending April 11, 2008. A sizable
increase in refinancing activity was not accompanied
by a matching rise in the purchase index, which ended
slightly lower. The overall market index ended up at
2.5% compared to the previous week, while the
purchase index finished down by 0.8% and the
refinancing index finished up by 5.2%. Contract rates
remained almost level from the week before.
- Retail Sales (MARTS)
- Total retail sales rose 0.2% in March following a
revised 0.4% decline in February. Sales at auto
dealers rose. Hence, sales excluding autos gained a
smaller 0.1% after falling 0.1% in February (originally
reported as 0.2%). Nonstore retailers, sporting goods
stores, and gasoline stations led growth in March,
while building supply stores and department stores
led the declines. Core sales were unchanged in
March.
- Chain>Store>Sales
- Chain store sales rose 0.9% in the week ending
April 12, according to the International Council of
Shopping Centers. It was biggest increase in 10
weeks and moved the index above its recent narrow
range. Year-over-year growth rose to 1.8%, still weak,
but the best in six weeks. Warmer weather and
possible seasonal adjustment issues lifted
sales.
- Oil>and>Gas>Inventories
- Crude oil inventories fell by 2.3 million barrels for
the week ending April 11, according to the Energy
Information Administration, compared with
expectations of a 1.5 million barrel build. Gasoline
inventories fell sharply by 5.5 million barrels, well
below expectations of a 1.8 million barrel decline.
Distillate supplies rose slightly by 0.1 million barrels,
above the expected 1.6 million barrel decline. Refinery
operating capacity fell to an incredibly low 81.4%. This
report is very bullish and could push crude to new all-
time highs.
Source: Economy.com 2008
|
|
Greetings!
School District Property Tax Rankings
- Who is high?
- Who is lowest?
- Where
do you rank?
- What does it cost your business?
- What does it cost for your home?
Bob Springmeyer
Bonneville Research
|
|
|
|
UTAH ECONOMIC SNAPSHOT |
|
Utah Labor Market Indicators - March 2008
(Feb/Jan 08)
- Employment Growth: 2.1% (2.3%/2.6%)
- Employment Increase: 26,200 (28,100/31,600)
- Unemployment Rate: 3.3% (3.0%)
U.S. Labor Market Indicators - March 2008
(Feb/Jan 08)
- Employment Growth: 0.4% (0.6%/0.7%)
- Unemployment Rate: 5.1% (4.8%)
Source:
Utah Dept of Workforce Services, 4/15/08
Who are gaining jobs? - March
2008
- Duchesne + 8.8%
- Rich +8.2%
- Piute +7.4%
- Wasatch +7.2%
- Garfield +5.7%
Who are losing jobs? - March 2008
- Juab -8.7%
- Carbon -3.3%
- Iron -0.4%
- Millard -0.2%
Utah Economic Indicators - First Nine
Months (+ mos)
FY2008 YTD
Utah State Government
- Sales and Use Taxes (Gen Gov't)
-3.0%
- Individual Income Taxes (Education)
+5.6%
- Corporate Franchise Taxes (Gen Gov't)
-12.6%
- Motor Fuel Taxes (Transportation)
-1.2%
- Severance Taxes (Gen Gov't)
-4.7.1%
Local Government
- Sales and Use Taxes +2.5%
- Transient Room Tax +24.5%
- Tourism, Recreation, Cultural, Convention
+9.6%
- Municipal Telecommunications License
+9.7%
- Emergency Services Phone Charge +3.1%
- Public Transit +29.8%
Source: Utah State Tax Commission, TC-23
4/11/08
|
|
|
|
THIS WEEKS LEADS |
|
- Shopko
- Shoko Stores, Inc. trades as Shopko at 135
locations throughout IA, ID, IL, MI, MN, MT, NE, OR, SD,
UT and WI.
- The stores, selling home,
family, seasonal and health products along with
casual apparel, occupy spaces of 80,000 sq.ft. in
outlet, power and strip centers and malls, as well as
freestanding locations.
- Growth opportunities are
sought throughout the existing markets during the
coming 18 months.
- A vanilla shell is required.
- Preferred cotenants include grocery stores.
- Preferred demographics include a population of
50,000 within a five-mile radius.
- Competitors
include Kohl's and Target.
- For more information, contact
- Greg
Polacheck,
- Shopko Stores, Inc.,
- 700 Pilgrim
Way,
- Green Bay, WI 54304;
- Web site:
www.shopko.com
- Sephora
- Sephora USA, Inc. trades as Sephora at 200
locations nationwide. The stores, selling cosmetics,
fragrances and skin-care products, occupy spaces of
5,200 sq.ft. to 5,500 sq.ft. in lifestyle and upscale strip
centers, as well as malls. Plans call for 40 openings
throughout the existing market during the coming 18
months.
- For more information, contact
- Celia A.
Wing,
- Sephora USA, Inc.,
- 525 Market Street,
11th Floor,
- San Francisco, CA 94015
- Noodles & Co.
- Noodles & Co. operates 178 locations throughout
CA, CO, IA, IL, IN, KS, MD, MI, MN, MO, NE, OH, OR,
UT, VA and WI.
- The restaurants, offering
global noodle dishes, occupy spaces of 2,500 sq.ft. to
2,700 sq.ft. in freestanding sites, downtown/urban
areas and endcaps of malls, as well as
entertainment, lifestyle, power, specialty, strip and
tourist centers.
- Growth opportunities are sought
throughout Sacramento and San Diego, CA; NC and
Cincinnati and Dayton, OH during the coming 18
months.
- Typical leases run 10 years with two, five-
year options.
- A vanilla shell is required.
- Major
competitors include Wild Noodles and Nothing But
Noodles.
- Preferred cotenants include Starbucks,
Blockbuster Video and movie theaters.
- Preferred
demographics include a population of 14,000 within
one mile earning $60,000 as the average household
income.
- The company is franchising.
- For more information, contact
- Tim
Mosbacher,
- Noodles & Co.,
- 520 Zang Street,
Suite D,
- Broomfield, CO 80021;
- Web site:
www.noodles.com.
|
|
|
|
|
|
|
|
|
|
BONNEVILLE RESEARCH - Working with clients to deliver results that endure! |
|
Successful client work requires a
superior team of
outstanding people working fluidly together.
Bonneville Research is the one firm with
the
experience and expertise to help
businesses,
governments and nonprofit organizations
solve their
toughest problems.
We work to help clients achieve enduring
results
and improve the communities in which we
live.
BONNEVILLE RESEARCH
Bonneville Research is a Utah-based
consulting
firm providing economic, financial, market
and policy
research to public and private sector clients
throughout the intermountain west.
Helping Clients Succeed
Our services include:
- Financial Analysis
- Business License Studies
- Impact Fee analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
- Public Sector Mission
Effectiveness
Each of our studies is tailored to address
the
unique needs of our clients and their
communities.
If we can help, please call or email us at
- Bob
- 801-364-5300
- [email protected]
- Jon
- 801-746-5706
-
[email protected]
|
|
|
|