Homeowners in the small town of Wellington, Utah, could soon be facing much larger property tax bills as city authorities are seeking a more than 225 percent increase after years of stalling rates.
A looming decision on the property tax hike was postponed on Wednesday by the Wellington City Council after an hourslong public hearing on the same day revealed the depth of residents' concerns over the potential financial burden they could shoulder from a hike.
It is a burden that has gotten heavier for millions of Americans across the country in recent years, as property tax bills have raised in step with home values following the pandemic homebuying frenzy. Nationwide, according to a report by Redfin, property taxes rose by nearly 30 percent between 2019 and 2024, reaching a monthly med