Increase in Property Tax Rate

The City of Orem is signaling an upcoming opportunity related to an increase in the property tax rate. This is a pre-RFP signal indicating that the city is preparing to adopt a budget that will generate additional funding for projects in fiscal year 2026-2027. During the recent Orem City Council meeting, the council discussed adopting an increase to the property tax rate, which will raise ongoing property tax revenues by $450,000 annually. This increase is crucial for funding various city projects, and vendors should take note as it suggests future solicitations for contracts related to these initiatives. The meeting included the following excerpt: “this council meeting has one item on the agenda and it is a public hearing and ordinance and public hearing. Adopting an increase to the property tax rate, approving and adopting a final budget for fiscal year 2026, 2027, including living a property tax sufficient to increase ongoing property tax revenues by $450,000 a year.” Agency: City of Orem Signal type: pre_rfp Sentinel confidence: 100/100 Independent mentions: 1 Meeting date: 2026-08-28 / Jurisdiction: Orem UT Vendors interested in public sector contracts should monitor this situation closely for the forthcoming formal RFP, RFI, or RFQ related to the projects funded by this increased revenue.