Example of Salt Lake County Property Tax Calculation
Salt Lake County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county assessor's office using a formula that takes into account the market value of the property, the age and condition of the property, and any recent improvements that have been made.
To calculate the property tax owed, the assessed value is multiplied by the tax rate, which is set by the county government. For example, if the assessed value of a property is $150,000 and the tax rate is 0.007, the property tax owed would be $1,050.
It is important to note that there may be additional fees and charges added to the property tax bill, such as special assessments or fees for services like garbage collection. These fees vary depending on the location of the property and the services provided by the local government.
If you have any questions about your property tax bill or how it is calculated, it is recommended to contact the Salt Lake County Treasurer's Office for assistance.
If you want appeal your property tax assessment - contact your local tax assessor.
Salt Lake County Property Tax Rates
The following table provides the Salt Lake County Property Tax rates in US Dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Property Tax | $0.00555 |
| Library Tax | $0.00068 |
| Zoo, Arts & Parks Tax | $0.00010 |
| Recreation Tax | $0.00001 |
Please note that these rates are subject to change and may vary depending on the specific area within Salt Lake County. It is recommended to consult with a tax professional for more detailed and accurate information regarding property taxes.
Who sets property tax rates in Salt Lake County ?
Who sets property tax rates in Salt Lake County? The property tax rates in Salt Lake County are set by the local government authorities, specifically the Salt Lake County Board of Commissioners.
When are property tax rates set? The Salt Lake County Board of Commissioners sets the property tax rates annually, typically in the fall season. Property owners in the county receive their tax assessments by mail, usually in early November.
How are property tax rates determined? There are a variety of factors that the Board of Commissioners considers when setting property tax rates. These factors include the county's budget needs, the assessed value of each property, and any changes to state or federal laws that could impact property taxes.
How can property owners pay their property taxes? Property owners in Salt Lake County can pay their property taxes in a variety of ways, including online through the county's website, by mail, or in-person at the Salt Lake County Treasurer's Office. It is important to note that property taxes are due annually, with the first half of taxes due in November and the second half due the following April.
Homestead exemptions in Salt Lake County ?
To make it easier for Salt Lake County residents to understand their Homestead exemptions and deductions, the following table includes all county-specific information:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any homeowner | Up to 50% of the property value or $160,000 (whichever is less) | Applies to primary residence only |
| Senior Citizen Exemption | Homeowner 65 years or older | Up to 50% of the property value or $200,000 (whichever is less) | Primary residence only, income restrictions apply |
| Disabled Veteran Exemption | Veteran with a service-connected disability rating of 10% or higher | Up to $270,000 of the property value | Applies to primary residence only |
| Blind Exemption | Blind homeowner | Up to 50% of the property value or $160,000 (whichever is less) | Applies to primary residence only |
| Circuit Breaker Tax Credit | Homeowner with a household income less than $33,150 | Up to $700 | Credit applied to property tax bill |
It's important to note that eligibility requirements and exemption/deduction amounts may vary by county and state laws. For more information on how to apply for these exemptions and deductions, individuals should contact their local county assessor's office.
When is Salt Lake County Property Tax due ?
Salt Lake County Property Tax is typically due on November 30th of each year. Property owners in Salt Lake County are required to pay property taxes on an annual basis. There are several payment methods available for property owners to use when paying their property taxes in Salt Lake County. The table below outlines the different payment methods and their respective details.
| Payment Method | Details |
|---|---|
| Online Payment | Property owners can make their property tax payments online using a credit card, debit card, or e-check through the Salt Lake County Treasurer's website. |
| Mail-in Payment | Property owners can mail their property tax payments to the Salt Lake County Treasurer's Office. The payment must be postmarked on or before November 30th to be considered on time. |
| In-Person Payment | Property owners can make their property tax payments in person at the Salt Lake County Treasurer's Office. |
| Automatic Payment | Property owners can set up automatic payments through their bank or credit union to pay their property taxes on time each year. |
It is important for property owners in Salt Lake County to pay their property taxes on time to avoid penalties and interest. If a property owner is unable to make their payment by the due date, they should contact the Salt Lake County Treasurer's Office to discuss payment options and possible payment arrangements.
If you have more questions - contact your local tax collector.
How is Salt Lake County Property Tax penalty calculated ?
Salt Lake County Property Tax Penalty Calculation
Property owners in Salt Lake County are subject to paying property taxes annually. Failure to pay the taxes on time will result in a penalty being added to the amount due. The penalty is calculated based on the following factors:
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Delinquent Date: This is the date when the taxes are due. If the taxes are not paid by this date, they are considered delinquent.
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Penalty Rate: The penalty rate is set by the Utah State Legislature and varies by year. For example, in 2021, the penalty rate is 1% per month or portion of a month.
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Delinquent Amount: This is the amount of taxes that are unpaid after the delinquent date.
To illustrate the calculation, let's say that a property owner in Salt Lake County owes $2,000 in property taxes for 2020. The due date for the taxes is November 30, 2020. However, the owner fails to pay the taxes until March 15, 2021. This means that the taxes are delinquent for three months (December 2020 to February 2021).
Using the penalty rate of 1% per month, the penalty for the delinquent taxes would be calculated as follows:
Delinquent amount = $2,000 Penalty rate = 1% per month Number of months delinquent = 3
Penalty = $2,000 x 1% x 3 = $60
Therefore, in this example, the penalty for the delinquent property taxes would be $60.
It is important to note that property owners can avoid penalties by paying their taxes on time. The due date for property taxes in Salt Lake County is November 30th of each year. Property owners can pay their taxes online, by mail, or in person at the Salt Lake County Treasurer's Office.
We recommend contacting the Salt Lake County Tax Office or a local tax professional for the most up-to-date and accurate information.