North Salt Lake, Davis County, Utah Property Taxes
The median property tax rate in North Salt Lake, UT is 0.55%, aligning with the Utah state median but lower than the national median of 0.99%. With a median home value of $478,500 in North Salt Lake, the typical annual property tax bill is $2,678, slightly below the national median of $2,690. Property taxes in North Salt Lake are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding North Salt Lake'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 North Salt Lake 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
North Salt Lake, Davis County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,632
$2,442
Ownwell’s North Salt Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Salt Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Salt Lake to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Salt Lake, Davis County, Utah
Property taxes in North Salt Lake, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Salt Lake is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within North Salt Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Salt Lake 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 North Salt Lake's effective property tax rate to other areas in Davis County and the national median. For comparison, the 84010 zip code has the highest median property tax rate of 0.56%, while the 84054 zip code has the lowest median tax rate of 0.55%. Understanding how these areas compare with North Salt Lake provides valuable insights into the varying tax landscape across Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Salt Lake Tax Rate
0.55%
Average Davis County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Salt Lake, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84010 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
| 84054 | 0.55% | 0.55% | 0.55% | 0.55% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across North Salt Lake, Davis County, Utah
In North Salt Lake, 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 Davis County Assessor's Office 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. In North Salt Lake, assessment notices 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 North Salt Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $2,689 in the 84054 zip code, while the lowest median tax bill is $2,356 in the 84010 zip code. This range illustrates the importance of understanding your property's assessed value and potential exemptions.
Property Tax Assessment Values Across North Salt Lake, Davis County, Utah
Source: Ownwell
$204,000
$429,000
$654,000
Average North Salt Lake Assessed Value
$478,500
Average Davis County Assessed Value
$472,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Salt Lake, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84010 | $308,000 | $423,000 | $423,000 | $459,000 | $617,300 |
| 84054 | $336,000 | $401,000 | $480,000 | $650,250 | $966,000 |
Source: Ownwell
Property Tax Bills Across North Salt Lake, Davis County, Utah
In North Salt Lake, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the property tax rate specific to Davis County. The median home price in North Salt Lake is $478,500, and the property tax rate in the area is typically reflective of state and county guidelines. Several factors influence the final tax bill, including the home's location within the county, any applicable exemptions, and the specific tax rates set by local taxing authorities. For instance, the median property tax bill in the highest-taxed zip code, 84054, is $2,689, while the lowest is $2,356 in zip code 84010. The tax bill can vary significantly, with the 25th percentile at $2,194 and the 90th percentile reaching up to $5,290. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life in the community.
Average North Salt Lake Tax Bill
$2,678
Average Davis County Tax Bill
$2,654
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across North Salt Lake, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84010 | $1,715 | $2,356 | $2,356 | $2,531 | $3,438 |
| 84054 | $1,692 | $2,194 | $2,689 | $3,594 | $5,323 |
Source: Ownwell