Tax Rate Calculation Example

If the Salt Lake City School District approves a budget of $75,000, and the total taxable property value within the district is $15,000,000, the tax rate would be calculated like this:

$75,000 /15,000,000 = 0.005

This tax rate would appear on your annual property tax notice if you live within the school district.

Important:
When property values increase, the certified tax rate usually decreases. When property values decrease, the certified tax rate usually increases. This process helps ensure enough money is collected each year to continue funding public services and approved budgets.