Real estate agents in Salt Lake City should understand the city’s annual property tax rates. While your clients, especially first-time homebuyers, may not think about property taxes during the home search, knowing the property tax rates can help them make informed buying decisions. 

As you establish your real estate business strategy, it’s essential to stay on top of the market. Apart from having a general understanding of your local market, you need to know home value trends, interest rate shifts, and the annual property tax rate of surrounding counties. 

Keep reading to learn about the upcoming property tax rates for Salt Lake City, Utah, and nearby areas to become an expert in all things SLC.

Property tax rates in Salt Lake City for 2025

Salt Lake City has a population of just under 210,000, while Salt Lake County has a population of around 1.2 million. The median sale price of homes in SLC is $576,000, an increase of 9.7% year-over-year. Despite prices being up, the number of sold homes is also up 2.6% year-over-year. Additionally, days on the market increased by 9 days since last year and sits at 56 days. 

As for property taxes, Salt Lake City’s property taxes are calculated based on the tax area, school district, and other municipal services. Therefore, depending on where you live in Salt Lake County and Salt Lake City, you may have different property tax rates. 

For homes located within Salt Lake City, the 2024 adopted property tax rates are as follows:

  • Salt Lake City: 0.002755 
  • Salt Lake City School District: 0.003775
  • South Salt Lake City: 0.002667

The lowest property tax rate in Salt Lake County is in the Murray City Municipality with a rate of 0.008198, while the highest is in the Herriman City Municipality with a tax rate of 0.021085. The mean average tax rate across the county is 0.014642, making Salt Lake City slightly lower than other parts of the county.  

Will property tax rates rise?

It appears property taxes for Salt Lake City residents are likely to increase in 2025. The Salt Lake City Mosquito Abatement District (SLCMAD) announced plans for a tax hike. This increase is intended to fund rising operational costs due to inflation, the construction of new facilities, and the purchase of a helicopter for mosquito treatment.

The SLCMAD Board of Trustees held a public hearing and a vote on this proposal in December 2024. If the board approved it, the tax increase would take effect in November 2025. This would mean property owners would see the higher tax rate reflected on their bills later this year.

While homes are appraised by January 1st, 2025, homeowners won’t receive an official “Notice of Valuation and Tax Change” until July 2025, which will list the proposed increases. 

Tax rates in surrounding areas

Salt Lake City is a desirable community in Utah, even with the higher property tax rates. That said, your clients may be interested in other communities nearby. 

While rates vary depending on the area in which a property is located in each county and city, here are average tax rates in surrounding counties:

  • Utah County: 0.000652
  • Summit County: 0.000491
  • Davis County: 0.001034
  • Tooele County:  0.001255

What does property tax revenue fund in Salt Lake City?

Property tax revenue funds several localized necessities and projects in Salt Lake County with a heavy focus on improving and maintaining public school systems. 

Like most counties, property taxes in the SLC area are levied by: 

  • SLC school districts
  • State basic school levy
  • SLC school district capital outlay
  • Capital improvements 
  • Flood Control
  • Libraries
  • Health services
  • Trash, snow removal, city necessities 
  • Water and sewer infrastructure 

That said, property owners in Salt Lake City, Utah, may qualify for certain homestead exemptions. To learn more, check with the local county appraisal district. 

Important information to know when moving to Salt Lake City, Utah

If you have a buyer looking at listings in SLC, Utah, it’s important to share some vital tax information and dates.  Yearly taxes are due by November 30th, with penalties applied and collected by January 31st. 

Need real estate photos in Salt Lake City? 

High-quality visuals are essential to capture buyer attention, especially with potential property tax changes on the horizon influencing decisions. Beyond standard real estate photos, consider how immersive experiences can set your SLC listings apart.

Virtuance offers a suite of visual solutions, including captivating photography in Salt Lake City, interactive 3D tours, detailed floor plans, and comprehensive listing websites, all designed to showcase a property’s value and attract serious buyers.

Ready to elevate your Salt Lake City listings? Schedule your Virtuance visual marketing shoot today and make your properties shine!

FAQ

The median sale price is $576,000 for a home in Salt Lake City, Utah.

Salt Lake City’s property tax rates are slightly lower than the county’s mean average.

Yearly property taxes are due by November 30th.

The Salt Lake City Mosquito Abatement District plans to increase taxes for operational costs and new equipment.

Homeowners will likely receive a “Notice of Valuation and Tax Change” around July 2025.