More About Sales and Property Taxes
Sales Tax: A small percentage is added to most purchases in Salt Lake City. The City receives a portion of this tax, which is one of its largest sources of funding for services like police, fire, streets, and parks.
Property Tax: A tax paid by property owners based on the assessed value of their home, business, and/or land. This is the City’s second-largest funding source. Historically, it was meant to support the City’s public safety services like 911, fire, and police operations./
- In the Capital City, over 40% of total acreage is estimated to be exempt from property tax under state law, including nonprofits, educational institutions, and houses of worship, among others.
- Per the Utah constitution, primary residences receive a 45% property tax exemption; that is, the taxable value is 55% of the total assessed value, while secondary residences and commercial properties receive no such exemption
Licenses and Permits: Fees paid to the City for approvals, such as operating a business, building construction, or hosting special events. These fees help cover the cost of inspections and regulatory services.
Charges, Fees, and Fines: Payments made directly to the City for specific services or when rules are violated, such as recreation programs, utility services, parking tickets, or code enforcement penalties. These help cover service and enforcement costs.