Geneva Steel History:
The First Major Evolution of Orem
In 1942, the Geneva Steel Works was constructed by the federal government as an inland producer of steel for WWII. Built along the eastern shore of Utah Lake, Geneva provided employment and economic growth to local residents, either directly or indirectly, for six decades.
The Second Major Evolution of Orem
The landscape of Orem changed as many of its farms were converted to shopping centers and malls along State Street and the University Parkway. First came the University Mall. Later other strip malls, big box stores, and car dealers drew business away from downtown Provo, historically the central shopping area.
Orem State Street Ordinance Updates
The Third Major Evolution of Orem
Ever since the City of Orem traded in its farms and orchards for the likes of WordPerfect and Novell, publications around the country have taken notice of Orem's pro-business environment.
In 2021, The Milken Institute released its list of the best performing metropolitan areas in terms of creating and sustaining jobs and economic growth. The analysis considered the following items: jobs, wages and salaries, and technology growth. The Provo-Orem area was ranked #1 in the country. Orem/Provo continue to receive Top 10 rankings for cities from a variety of publications as time goes on.
2022 State Street Update
The City rolled back the State Street Master Plan in February of 2022. City councilman, Terry Peterson, remarked, "This change will provide a greater opportunity for commercial and retail development — and we welcome those who wish to move their business to Orem." City Councilperson LaNae Millett stated, “Tonight, the Orem City Council put in place ordinances that will beautify and revitalize State Street and protect Orem neighborhoods. We eliminated unlimited building heights, increased parking and setbacks, and stopped high-density housing from advancing into our neighborhoods,” Millett said. “The beautification changes will make State Street a more inviting corridor and encourage increased commercial development. I believe these improvements will position Orem in a positive way for future growth and opportunities.”
State Street is the Original Retail Corridor
Notably, minimum central planning in Orem has contributed to retail sprawl and signage along what has been referred to as "America's Ugliest Street," Orem's State Street.
Pockets of commercial and residential development intermix, forming a mish-mash of development and street signage. Many businesses have recently been given face-lifts, improving the overall appearance of this busy corridor.
Orem State Street Ordinance Updates
Orem City Sales Tax Rates
County = Utah County
Utah County - 100 East Center Street, Provo, UT 84606 (801) 851-8229
This is a County Wide levy which funds the general operation of county government. This includes health services, county wide jail services, aging services, prosecution of criminals, jail bonds, regional park and recreation services etc.
St A/C = State Assessing & Collection Fee
Multi County Assessing and Collection - Utah State Tax Commission
This uniform, state-wide levy is mandated by the Legislature to promote adequate funding for assessing and collection functions, on an equitable basis, to all counties of the state at a minimally acceptable level. Utah County contributes a portion of this revenue to a multi-county fund for distribution to counties which cannot generate the minimum level of funding.
Cent UT = Central Utah Water Conservancy District
Central Utah Water Conservancy District - 355 W University Pkwy, Orem, UT 84058 (801) 226-7100
This county wide levy funds Utah County residents' share of the local participation requirement for the federally funded Central Utah Water Project. The District represents the citizens of a 10-county area in administration, sale, and delivery of water for the Central Utah Project (CUP), as well as the operation and maintenance of the CUP facilities. Water developed by the CUP is used for municipal, industrial, irrigation, hydroelectric power, fish, wildlife, conservation and recreation purposes.
Met Wtr = Orem Metro Water
Orem Metro Water - Orem Public Works Dept., 1450 W 550 N., Orem, UT 84057 (801) 229-7500
Orem uses a variety of sources to provide water to its residents and customers. Approximately 60% of Orem’s water comes from surface water sources, whereas 40% comes from ground water sources. Surface water sources include the Provo River, Deer Creek Reservoir, and Jordanelle Reservoir. All of Orem’s surface water is treated (filtered and disinfected) at the Don A. Christiansen Regional Water Treatment Plant (DACRWTP), which is operated by the Central Utah Water Conservancy District (CUWCD). Orem’s ground water sources consist of nine deep wells located throughout the city. Wells pump from subterranean aquifers and provide 25% of Orem’s water. Two mountain spring sources located in Provo Canyon contribute 15% of Orem’s water. Ground water (wells and springs) is pure enough to not require treatment. All of Orem’s water, whether from surface or ground water, is blended together within the distribution system. In 2015, Orem produced over 8.6 billion gallons of clean, safe drinking water to its customers.
School = Alpine School District
Alpine School District - 575 North 100 East, American Fork 801-756-8480
The Alpine School District receives 27.22% of their revenue from property taxes.
State Charter School
Charter schools are tuition-free public schools open to any Utah student.
City = Orem City
Orem City - 56 North State, Orem, UT 84057 (801) 229-7009
The City of Orem depends upon property tax revenues for approximately 25% of their annual budget.
TOTAL OREM PROPERTY TAX RATE (2022)
45% Exemption for Primary Residence
Primary residences receive a 45% exemption according to State Statue. The 45% exemption only applies to the first acre of land, any overage is calculated at 100%. There is no exemption for commercial, vacant land, or second home.
Disabled Veteran Exemption
-Honorably discharged member of the US Armed Forces.
-Also available to the unmarried surviving spouse or minor orphaned child of a Disabled Veteran or Servicemember killed in the line of duty/in action.
-Must have at least a 10% combined service rating or died in the line of duty/in action.
St A/C 0.0001260
Cent UT 0.0004000
City 0.0009250 .
Total Property Tax Rate: 0.0078540
Assessed Value x 0.0094280 = Gross Tax
Gross Tax - 45% Exemption = Net Tax
Disabled Veterans - No taxes on the first $271,736 of Property Value