Property value increases don’t necessarily equate to higher property taxes

Are you worried that with the rising real estate market, your property taxes will automatically go up? Don’t worry… the Truth in Taxation process in state statute doesn’t allow this to happen. That means that a government entity can’t collect more than they’ve already approved and that the tax rate will go down if your property values increase.

One of the central functions of Salt Lake County government is assessing and collecting property taxes. This creates the revenue source that funds a variety of different functions of government in our community. There are actually five steps in the Salt Lake County property tax process. Here’s a quick primer on each of them.

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