Small US town proposes massive 225% property tax hike, highest increase in state: What it means for your wallet?

Wellington, Utah residents are facing a potential property tax increase of over 225% due to past financial mismanagement. City leaders acknowledge a significant budget shortfall, with a $256,000 residence potentially seeing an increase of $487.59 annually. Residents voiced strong opposition at a public hearing, fearing financial hardship and questioning the city's future.