Utah's booming tech corridor along the Wasatch Front has driven home prices to around $490,000 in the Salt Lake metro. Low property taxes of 0.58% help offset the high purchase prices.
Recommended for incomes above $125k/yr (28% DTI rule)
Utah property taxes
Utah assesses residential property at 55% of fair market value, with rates applied to that amount — resulting in effective rates well below nominal millage.
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