Property tax in Salt Lake City is shaped by one Utah-specific rule that catches many newcomers: a primary residence is taxed on only 55% of its market value thanks to the 45% residential exemption. This estimator applies that exemption and the local effective rate to give you a realistic annual and monthly figure.
How it works
The calculation runs in two steps:
taxable value = market value × (primary ? 0.55 : 1.00)
annual tax = taxable value × 0.0061
monthly = annual tax / 12
The 0.45 reduction is the residential exemption, available only on your primary home. Investment and second homes use the full market value, which is why their effective rate is roughly double that of an owner-occupied home in the same neighborhood.
Example and tips
A $500,000 primary home is taxed on $275,000 of value. At the 0.61% effective rate that is about $1,678 per year, or roughly $140 per month in escrow. The same house held as a rental would be taxed on the full $500,000 — about $3,050 a year. If you have just moved in, make sure the county has flagged the home as your primary residence; missing the exemption silently doubles your bill.