Magna, Salt Lake County, Utah Property Taxes
Median Magna, UT effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but higher than the Utah state median of 0.55%.
Median Magna, UT home value: $342,700
Median annual Magna, UT tax bill: $2719, $319 higher than the national median property tax bill of $2,400.
How are property taxes in Salt Lake calculated?
Property taxes in Magna, UT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Magna’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Magna, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Magna, Salt Lake County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$2,673
$2,481
Property Tax Rates Across Magna, Salt Lake County, Utah
Local government entities are responsible for setting tax rates, which may differ significantly within a state. This variation occurs because each county annually estimates the budget required to deliver services and then divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Though the process involves votes and laws to set rates and budgets, this is the simplified annual procedure.
In Magna, located in Salt Lake County, Utah, the effective property tax rate is 0.78%. This rate aligns with the highest and lowest median tax rates in the state, both situated in the same area. Compared to the national median property tax rate of 1.02%, Magna’s rate is notably lower, offering potential savings for property owners. Additionally, the national median property tax bill stands at $2,400, further highlighting the comparative affordability in this region. This information provides valuable insight for property owners considering an appeal or exemption, as understanding local tax dynamics can lead to significant financial benefits.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Magna Tax Rate
0.78%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Salt Lake County Tax Rate
0.56%
Median Effective Utah Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Magna, Salt Lake County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84044 | 0.78% | 0.78% | 0.78% | 0.80% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Magna, Salt Lake County, Utah
When examining property taxes in Magna, Utah, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Salt Lake County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Salt Lake County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Magna.
For example, the median home price in Magna is $342,700, with tax bills ranging significantly across the county. Zip code 84044 has the highest median home price at $342,700.
Property Tax Assessment Values Across Magna, Salt Lake County, Utah
Source: Ownwell
$246,200
$769,500
$1,292,800
Median Magna Market Value
$342,700
Median Salt Lake County Market Value
$475,200
Median Utah Market Value
$457,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Magna, Salt Lake County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84044 | $232,300 | $301,300 | $342,700 | $387,500 | $454,040 |
Source: Ownwell
Property Tax Bills Across Magna, Salt Lake County, Utah
Median Magna Tax Bill
$2,719
Median Salt Lake County Tax Bill
$2,800
Median Utah Tax Bill
$2,492
Median United States Tax Bill
$2,400
Property Tax Bills Across Magna, Salt Lake County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84044 | $1,575 | $2,332 | $2,719 | $3,082 | $3,602 |
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 | |