Example Calculation

If the Salt Lake City School District (a taxpayer service provider) approved a budget of $75,000 and the total taxable value of all property in the Salt Lake City School District is $15,000,000 and you live in that school district, then the tax rate for the year would be calculated and included on your official property tax notice as $75,000 /15,000,000 =.00500.

NOTE: When property values go up the certified tax rate goes down and conversely when property values go down the certified tax rate goes up. This method ensures that all taxpayer services continue because the provider's budgets are funded.