Sandy, Utah Property Taxes
The median property tax rate in Sandy, UT is 0.54%, slightly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Sandy at $554,500, the typical annual property tax bill reaches $3,001, which surpasses the national median of $2,690. Property taxes in Sandy are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sandy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sandy or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sandy, Utah Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Sandy Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sandy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sandy to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Salt Lake County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Sandy, Utah
Property taxes in Sandy, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sandy is 0.54%, higher than the U.S. national median of 0.99%. Local government entities within Sandy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sandy estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Sandy's effective property tax rate to other areas in Salt Lake County and the national median. For comparison, the 84047 zip code has the highest median property tax rate of 0.54%, while the 84092 zip code has the lowest median tax rate of 0.53%. Understanding how these areas compare with Sandy provides valuable insights into the varying tax landscape across Salt Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sandy Tax Rate
0.54%
Average Salt Lake County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sandy, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84047 | 0.53% | 0.54% | 0.54% | 0.54% | 0.58% |
| 84070 | 0.53% | 0.53% | 0.54% | 0.54% | 0.61% |
| 84092 | 0.52% | 0.53% | 0.53% | 0.54% | 0.60% |
| 84093 | 0.53% | 0.53% | 0.53% | 0.54% | 0.67% |
| 84094 | 0.53% | 0.53% | 0.54% | 0.57% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Sandy, Utah
In Sandy, Utah, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Salt Lake County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Sandy are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Sandy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sandy is $3,744 in the 84092 zip code, while the lowest is $2,330 in the 84070 zip code.
Average Sandy Assessed Value
$554,500
Average Salt Lake County Assessed Value
$475,200
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sandy, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84047 | $341,520 | $485,750 | $541,200 | $584,750 | $601,400 |
| 84070 | $305,250 | $366,575 | $429,800 | $524,350 | $624,500 |
| 84092 | $514,220 | $578,500 | $693,100 | $881,050 | $1,181,960 |
| 84093 | $477,400 | $536,750 | $631,300 | $785,700 | $1,034,300 |
| 84094 | $377,500 | $424,500 | $485,000 | $544,700 | $617,400 |
Source: Ownwell
Property Tax Bills Across Sandy, Utah
In Sandy, located in Salt Lake County, UT, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is calculated based on recent sales of similar properties in the area. For homeowners in Sandy, the tax bill can vary significantly depending on the specific zip code. For instance, the median tax bill in the 84092 zip code is the highest at $3,744, while in the 84070 zip code, it is the lowest at $2,330. To provide a clearer picture, the tax bill for homes at the 25th percentile is approximately $2,489, while at the 75th percentile, it rises to around $3,783. For those at the 90th percentile, the tax bill can reach up to $5,127. These variations in property tax bills impact homeowners by influencing their annual housing costs and potentially affecting their overall financial planning. Compared to the national median property tax rate of 0.99%, Sandy's property taxes reflect the nuanced differences within the local market and assessed values.
Average Sandy Tax Bill
$3,001
Average Salt Lake County Tax Bill
$2,800
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Sandy, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84047 | $1,992 | $2,637 | $2,938 | $3,200 | $3,392 |
| 84070 | $1,444 | $1,975 | $2,330 | $2,835 | $3,370 |
| 84092 | $2,618 | $3,062 | $3,744 | $4,836 | $6,745 |
| 84093 | $2,499 | $2,894 | $3,407 | $4,251 | $5,727 |
| 84094 | $2,102 | $2,437 | $2,713 | $3,029 | $3,417 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Salt Lake Tax Assessor | |
| Phone | (385) 468-7200 |
| Website | slco.org |
| propertytaxappeals@slco.org | |