South Salt Lake, Utah Property Taxes
The median property tax rate in South Salt Lake, UT, is 0.64%, which is lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With a median home value of $347,750, the typical annual property tax bill in South Salt Lake is $2,162, falling below the national median of $2,690. Property taxes here are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding South 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 South 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
South Salt Lake, 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 South Salt Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Salt Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South 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 South Salt Lake, Utah
Property taxes in South Salt Lake, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Salt Lake is 0.64%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within South Salt Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Salt Lake's effective property tax rate to other zip codes in Salt Lake County and the national median. For comparison, the 84119 zip code has the highest median property tax rate of 0.64%, while the 84115 zip code has the lowest median tax rate of 0.62%. Understanding how these areas compare with South Salt Lake 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 South Salt Lake Tax Rate
0.64%
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 South Salt Lake, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84106 | 0.64% | 0.64% | 0.64% | 0.64% | 0.65% |
| 84115 | 0.62% | 0.62% | 0.62% | 0.64% | 0.64% |
| 84119 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across South Salt Lake, Utah
In South 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 Salt Lake County Assessor 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 South 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 South Salt Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,538 in the 84106 zip code, while the lowest is $1,918 in the 84119 zip code.
Property Tax Assessment Values Across South Salt Lake, Utah
Source: Ownwell
$208,700
$750,750
$1,292,800
Average South Salt Lake Assessed Value
$347,750
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 South Salt Lake, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84106 | $522,180 | $535,950 | $549,400 | $600,550 | $701,316 |
| 84115 | $235,320 | $296,500 | $348,300 | $411,350 | $482,580 |
| 84119 | $263,100 | $271,100 | $297,800 | $495,900 | $536,620 |
Source: Ownwell
Property Tax Bills Across South Salt Lake, Utah
In South Salt Lake, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is determined by the local county assessor's office and is used to calculate the tax bill. Several factors influence the tax bill, including the property's location, size, and condition, as well as any applicable exemptions or deductions. Homeowners in South Salt Lake can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,815, while the 75th percentile reaches approximately $2,627. At the 90th percentile, homeowners might see tax bills as high as $3,211. The highest median tax bill in the area is $3,538 in the 84106 zip code, contrasting with a lower median tax bill of $1,918 in the 84119 zip code. These variations affect homeowners differently, with higher-valued properties generally incurring higher tax bills. This system ensures that property taxes are proportionate to the property's value, aligning with the broader goal of funding community services and infrastructure.
Average South Salt Lake Tax Bill
$2,162
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 South Salt Lake, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84106 | $3,363 | $3,451 | $3,538 | $3,807 | $4,500 |
| 84115 | $1,291 | $1,834 | $2,178 | $2,603 | $3,022 |
| 84119 | $1,694 | $1,735 | $1,918 | $3,194 | $3,457 |
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 | |