‘Typo’ may have overvalued Utah home at nearly USD1B

SALT LAKE CITY (AP) — Utah officials said a possible dropped phone resulted in a typo that overvalued a home for almost USD1 billion.

And taxpayers may have to pay for the mistake. The Deseret News reported a house built in 1978 in an unincorporated area of the county was recorded in 2019 tax rolls with a value of more than USD987 million.

That’s an overestimate of about USD543 million in taxable value.

Wasatch County Assessor Maureen ‘Buff’ Griffiths told officials last month a staff member may have dropped a phone on a keyboard.

Griffiths said the accident has resulted in a county wide overvaluation of more than USD6 million.

Griffiths added that the blunder also produced revenue shortfalls in five taxing entities.

Wasatch County officials said residents will likely see an increased tax rate over the next three years to make up for the lower amount collected in 2019.