Salina, Utah Property Taxes
The median property tax rate in Salina, UT is 0.60%, 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 $274,556 in Salina, the typical annual property tax bill amounts to $1,639, which is significantly lower than the national median of $2,690. Property taxes in Salina are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Salina'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 Salina 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
Salina, 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 Salina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Salina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salina 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 Salina, Utah
Property taxes in Salina, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Salina is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Salina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salina 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 Salina's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84654 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these areas compare with Salina provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Salina Tax Rate
0.60%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salina, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84654 | 0.51% | 0.60% | 0.60% | 0.60% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Salina, Utah
In Salina, 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 Sevier 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 Salina, 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 Salina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the region are both $1,639, found in the 84654 zip code.
Average Salina Assessed Value
$274,556
Average Sevier County Assessed Value
$296,622
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Salina, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84654 | $177,348 | $225,348 | $274,556 | $360,588 | $505,898 |
Source: Ownwell
Property Tax Bills Across Salina, Utah
In Salina, Sevier County, UT, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is determined by the county's assessor. Various factors, such as the home's size, location, and condition, play a role in determining its market value. For homeowners in Salina, the median home price is $274,556. The property tax bill can vary significantly based on the assessed value and the local tax rate. At the 25th percentile, homeowners might pay around $1,330 annually, while those at the 75th percentile could see bills as high as $2,186. The 90th percentile of tax bills reaches up to $3,053. Compared to the national median property tax rate of 0.99%, homeowners in Salina experience a range of tax bills that can significantly impact their annual expenses. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Salina Tax Bill
$1,639
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Salina, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84654 | $981 | $1,330 | $1,639 | $2,186 | $3,053 |
Source: Ownwell