Taylorsville, Utah Property Taxes
The median property tax rate in Taylorsville, UT is 0.62%, slightly higher than the Utah state median of 0.55% but still below the national median of 0.99%. With a median home value of $398,300, the typical annual property tax bill in Taylorsville reaches $2,515, which is lower than the national median of $2,690. Property taxes in Taylorsville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. By understanding Taylorsville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Taylorsville or another part of the city, a thorough understanding of the local property tax system will provide substantial benefits.
Last Updated June 14, 2024
Taylorsville, 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 Taylorsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taylorsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taylorsville 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 Taylorsville, Utah
Property taxes in Taylorsville, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylorsville is 0.62%, lower than the U.S. national median of 0.99%. Local government entities within Taylorsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylorsville 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 Taylorsville's effective property tax rate to other areas in Salt Lake County and the national median. For comparison, the 84119 zip code has the highest median property tax rate of 0.62%, while the 84118 zip code has the lowest median tax rate of 0.62%. Understanding how these areas compare with Taylorsville 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 Taylorsville Tax Rate
0.62%
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 Taylorsville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84084 | 0.62% | 0.62% | 0.62% | 0.62% | 0.68% |
| 84118 | 0.62% | 0.62% | 0.62% | 0.62% | 0.64% |
| 84119 | 0.62% | 0.62% | 0.62% | 0.62% | 0.70% |
| 84123 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| 84129 | 0.62% | 0.62% | 0.62% | 0.63% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Taylorsville, Utah
In Taylorsville, 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. 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 Taylorsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Taylorsville is $2,519 in the 84129 zip code, while the lowest is $1,905 in the 84123 zip code.
Average Taylorsville Assessed Value
$398,300
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 Taylorsville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84084 | $360,720 | $371,175 | $381,300 | $406,050 | $426,630 |
| 84118 | $330,920 | $343,400 | $363,600 | $395,900 | $414,140 |
| 84119 | $335,920 | $359,300 | $385,700 | $419,300 | $442,120 |
| 84123 | $233,400 | $267,800 | $331,700 | $579,700 | $682,800 |
| 84129 | $333,310 | $363,400 | $398,900 | $442,025 | $521,600 |
Source: Ownwell
Property Tax Bills Across Taylorsville, Utah
In Taylorsville, located in Salt Lake County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Taylorsville is approximately $398,300. Property taxes are then derived by applying the local tax rate to this assessed value. Various factors influence the final tax bill, including property improvements, neighborhood developments, and market conditions. Homeowners in Taylorsville can expect tax bills to vary significantly. For example, the 25th percentile tax bill is around $2,251, while the 75th percentile reaches $2,817. At the higher end, the 90th percentile tax bill can be as high as $3,335. The highest median tax bill in the area, found in the 84129 zip code, is $2,519, whereas the lowest, in the 84123 zip code, is $1,905. These property taxes directly impact homeowners by influencing their annual expenses and overall cost of owning a home. Compared to the national median property tax rate of 0.99%, Taylorsville's rates provide a local perspective on property tax burdens.
Average Taylorsville Tax Bill
$2,515
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 Taylorsville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84084 | $2,261 | $2,336 | $2,456 | $2,599 | $2,756 |
| 84118 | $2,002 | $2,135 | $2,257 | $2,479 | $2,623 |
| 84119 | $1,974 | $2,207 | $2,398 | $2,590 | $2,872 |
| 84123 | $1,280 | $1,595 | $1,905 | $3,604 | $4,245 |
| 84129 | $1,923 | $2,260 | $2,519 | $2,818 | $3,324 |
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 | |