Outraged residents of Utah suburb where average house costs $1.2m rail against gigantic proposed property tax hike
- Ogden Valley, Utah proposes 512% hike in city property tax revenue
- Residents say they were promised incorporation wouldn't raise taxes
- Officials cite weaker sales tax growth and a $1.25m budget shortfall
Residents of Ogden Valley, an affluent Utah community, have reacted with fury after officials proposed increasing the newly formed city's budgeted property tax revenue by more than 512 per cent, just months after voters were assured incorporation would not raise taxes. Nearly 68 per cent of residents backed…