A divided Jackson Town Council on Monday night voted 3-2 to levy a tax on town property, the first time the town has had a property tax in about four decades.
The town’s property tax is separate from and in addition to the county’s, with each entity receiving the revenue generated by its respective tax rate.
Town councilors throughout their discussions about reintroducing a property tax — discussions that began late last year under the previous council — have said they would earmark property tax revenue to help pay for their share of Fire/EMS funding, which is split with the county. Jackson Hole Fire/EMS added a full-time wildland fire prevention specialist position to its fiscal year 2022 budget, potentially adding to the need for more funds for the department.
After much discussion over several meetings, including Monday night, the council passed a half-mill property tax, a fraction of the maximum 8 mills allowed under state statute, which allows it to be imposed in half-mill increments. Based on Jackson’s current tax base, the half-mill levy is projected to bring in just over $250,000 in annual revenue for the town.
For more on how councilors voted (only one voted against the tax and one wanted a higher tax), and the reason the councilors thought it was necessary, read the full story here.