Salt Lake City, Washington County, Utah Property Taxes

Ownwell’s Salt Lake City Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salt Lake City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salt Lake City to provide an accurate estimate of 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 Assessment Values Across Salt Lake City, Washington County, Utah

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Salt Lake City, Utah. 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 Washington County Appraisal District 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. For instance, the highest median tax bill in Salt Lake City is $3,844 in the 84105 zip code, while the lowest is $456 in the 84101 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Salt Lake City, Washington County, Utah

Source: Ownwell

$62,800

$379,650

$696,500

Average Salt Lake City Assessed Value

$160,000

Average Washington County Assessed Value

$457,600

Average Utah Assessed Value

$457,600

Average United States Assessed Value

$244,900