Residential


To determine the estimated annual and monthly impact of the Salt Lake City Streets Bond on your residential property, input your assessed home value (found through the County Assessors Office ). This calculator only provides an estimate and is subject to change based on market conditions. The average assessed home value for Salt Lake City is $339,500 (as of May 22, 2018). The $87 million bond would more than likely be issued in several smaller bonds to allow the Engineering Division to properly plan for projects that can be accomplished in the required three-year period and to minimize the financial impact on residents.

Assessed Home Value

$

45% Primary Residential Exemption

$

Taxable Value (after exemption)

$

Estimated Annual Impact

$

Estimated Monthly Impact

$

The above calculator is based on an $87 million general obligation par amount, 20-year amortization and market conditions as of May 21, 2018. The City anticipates not issuing all $87 million of bonds at one time, but rather in several smaller issuances/series. The estimated amount listed reflects the total estimated bond impact, however two existing GO bonds will be paid off in 2019 (likely before the City would issue the first series of bonds), resulting in a smaller increase to property taxes of about $0-$5 a year for the average primary residence.

Secondary Residence or Commercial Property


To determine the estimated annual and monthly impact of the Salt Lake City Streets Bond on your secondary residence or commercial property, input your assessed property value (found through the County Assessors Office ). This calculator only provides an estimate and is subject to change based on market conditions. Commercial and secondary residences are taxed at 100% of the assessed value and do not receive an exemption. If voters approve, the $87 million bond would more than likely be issued in several smaller bonds to allow the Engineering Division to properly plan for projects that can be accomplished in the required three-year period and to minimize the financial impact on residents.

Assessed Home Value

$

Estimated Annual Impact

$

Estimated Monthly Impact

$

The above calculator is based on an $87 million general obligation par amount, 20-year amortization and market conditions as of May 21, 2018. The City anticipates not issuing all $87 million of bonds at one time, but rather in several smaller issuances/series. The estimated amount listed reflects the total estimated bond impact, however two existing GO bonds will be paid off in 2019 (likely before the City would issue the first series of bonds), resulting in a smaller increase to property taxes of about $0-$5 a year for the average primary residence.

Q: What is the difference between Market ValueAssessed Value, and Taxable Value when looking at property tax impacts?
A: Market Value is the amount you can sell your house for, Assessed Value is the County’s valuation of your property (usually less than market value), and Taxable Value is the figure you actually pay tax on. In Salt Lake City the Taxable Value is 55% of the Assessed Value for a primary residence with an exemption. Commercial and secondary residences do not receive an exemption and are taxed on 100% of their Assessed Value.

Q: How can I find the Taxable Value and Assessed Value of my property?
A: The taxable value of a property is public information and can be found through the County Assessor’s Office parcel search. Property owners can enter the address of the property and click “Property Tax Information” to find the most recent taxable value of the property.

The Assessed Value that would be used in the Streets Bond Estimated Impact Calculator is listed as Market Value on this report. That is the Assessed Market Value of your home as determined by Salt Lake County.

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