Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, July 31
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Utah property taxes: Where are increases planned?
    Property

    Utah property taxes: Where are increases planned?

    August 7, 20243 Mins Read


    More than 60 taxing entities across Utah are considering property tax hikes and, if approved, 19 proposed increases would affect Salt Lake County residents.

    To find which entities want to hike taxes in your area, input your address into the graphic below and click on your location to scroll through all the governments and agencies that apply to your property and find what increases they are proposing.

    As taxes rise, Wasatch Front property values are also going up, said Salt Lake County Assessor Chris Stavros. Residential values are up by a median of about 6%, he said, and commercial values are up by a median of about 4.8%.

    “This is becoming a higher and higher-priced market over time,” Stavros said, noting that the county’s median value for residential properties is $602,000.

    Under state law, when property values go up, tax rates must fall accordingly to produce the same amount of revenue for the taxing entities that they received the year before. The county can’t just raise property values, Stavros explained, to produce a windfall for an area’s tax entities.

    If a taxing entity wants to generate more revenue than what it collected in previous years, it must hold what is called a “truth in taxation” hearing, where the public can weigh in on proposed increases.

    “People always ask, ‘Well, if the laws are in place that prevent the entities from receiving more than they did the prior year, then how did my taxes go up?’” Stavros said. “Typically, it’s because there were taxing entities that went through the public hearing process, and the public meeting process requesting tax increases.”

    Valuation notices went out in Salt Lake County in mid-July, so Stavros advises taxpayers to now take two steps.

    First, residents should determine if they believe their value estimation is accurate in accordance with market values as of Jan. 1, 2023. If taxpayers want to contest their valuation, they have a 45-day period from Aug. 1 to Sept. 15 to file an appeal.

    If the valuation appears accurate and their taxes sharply increase, residents may go through their tax notices to determine which entities are holding truth-in-taxation hearings.

    “People always say, ‘Well, what good does it do to go to the public meeting?’” Stavros said. “Well, I can tell you, it can make a difference. I know last year, Sandy City requested a substantial tax increase, and there was enough people that attended the public meeting, voiced their concerns, and the amount of the tax increase was reduced substantially because of that.”

    Tax notices will go out in October after rates are finalized.

    Payments are due Dec. 2.

    For a list of proposed tax increases, check out the table below. It’s searchable by county and taxing entity, and sortable by county and the dollar amount of the average hike.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWhite & Case advises Hartree Partners on acquisition of debt and agreement to acquire ED&F Man Commodities’ business units
    Next Article Woodside Credit Announced as a Finance Partner of Porsche Werks Reunion Monterey 2024

    Related Posts

    Property

    Major improvement in yields and sales in this part of UK

    July 30, 2025
    Property

    HSBC first-half profit slumps 26% as China losses mount

    July 30, 2025
    Property

    HSBC Profit Falls 26% to $15.8B on China Losses and Real Estate Troubles

    July 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Stock Market Today: Dow ekes out gain, S&P 500 rises as job revisions, Fed minutes point to September rate cut

    August 21, 2024
    Property

    Parasite Movie-Like Scene Emerges In China As Man Finds Ex-Home Owner Living In Basement For 7 Years

    February 3, 2025
    Bitcoin

    Major Reversal on the Horizon, Bulls Eye $68K Target

    August 8, 2024
    What's Hot

    Bitcoin et crypto-monnaies : les dernières tendances des prix à surveiller aujourd’hui

    April 24, 2025

    facteurs stimulant sa croissance à long terme

    March 21, 2025

    ‘Lights Go Mega Green’ – Trader Unveils Massive Price Target for Bitcoin Following Abrupt BTC Rally

    October 16, 2024
    Most Popular

    Nouveau record historique de valeur pour le Bitcoin !

    July 10, 2025

    Finance app Cheddar unveils spending tracker tool

    August 13, 2024

    Le bitcoin se consolide en dessous de tous les temps en tant que profit à profit, risques tarifaires.

    May 27, 2025
    Editor's Picks

    the Danish companies seeking an edge in renewables

    April 1, 2025

    Applied Nutrition jumps 7% on debut, among this year’s largest London IPOs

    October 24, 2024

    Property Solvers: mean of 19.32 weeks to sell in St Helens

    March 31, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.