Why have my property taxes gone up if the City hasn't raised them?

There are two possible reasons for the change. The first is that another taxing entity (school district or Salt Lake County) has gone through the Truth-in-Taxation process and raised their rates on one or more years which would increase your taxes. The second is that your property has increased in value more than other properties. When the property value of the City increases, the tax rate automatically decreases which gives the City the same revenue from year to year. However, if your property increases in value at a rate higher than the tax rate decreased then you will see a tax increase. The City will not see that increase because another property’s value would have decreased or become tax-exempt which would mean a tax decrease, and results in no change to the City revenue.

Show All Answers

1. Why are property taxes important?
2. Where do my property taxes go?
3. Are property taxes affected by inflation?
4. Why have my property taxes gone up if the City hasn't raised them?
5. Why is the tax rate increase needed?
6. How long will this increase sustain the City?
7. How does Murray City stack up against other cities? Is the City being cost effective?