Budget & Financial Information

FISCAL YEAR 2025 BUDGET

The initial Fiscal Year 2025 Budget, which is the period of July 1, 2024 through June 30, 2025, can be found by clicking HERE.  

OTHER BUDGET & PROPERTY TAX HEARING INFORMATION

NOTICE OF PROPOSED TAX INCREASE SMITHFIELD CITY
 

The SMITHFIELD CITY is proposing to increase its property tax revenue.

The SMITHFIELD CITY tax on a $505,000 residence would increase from $366.91 to $375.52, which is $8.61 per year.

The SMITHFIELD CITY tax on a $505,000 business would increase from $667.11 to $682.76, which is $15.65 per year.

If the proposed budget is approved, SMITHFIELD CITY would receive an additional $45,859 in property tax revenue per year as a result of the tax increase. If the proposed budget is approved, SMITHFIELD CITY would increase its property tax budgeted revenue by 2.25% above last year's property tax budgeted revenue excluding eligible new growth.

The SMITHFIELD CITY invites all concerned citizens to a public hearing for the purpose of hearing comments regarding the proposed tax increase and to explain the reasons for the proposed tax increase. You have the option to attend or participate in the public hearing in person or online.

PUBLIC HEARING
Date/Time:   8/13/2025, 6:30 PM
Location:  Smithfield City Office, City Council Chambers, 96 S Main, Smithfield

Virtual Meeting Link:    https://us02web.zoom.us/j/85106417602

To obtain more information regarding the tax increase, citizens may contact the SMITHFIELD CITY at 435-563-6226 or visit www.smithfieldutah.gov

The Truth in Taxation Hearing Advertisement can be found at the following link: Public Hearing Notice

BUDGET INFORMATION

Previous Year's Budget information and financial reports can be found at: Utah State Auditor Website 

FRAUD HOTLINE

To report fraud or the possibility of fraud contact City Manager Justin Lewis at (435) 792-7990 or send an email to jlewis@smithfieldutah.gov