Home valuations jump dramatically, but watchdog group expects modest increase in property taxes

Jun 14, 2022, 7:25 PM | Updated: Oct 12, 2022, 3:37 pm

UTAH & SALT LAKE COUNTIES — Assessors across Utah are finishing up home valuations for upcoming property tax notices, and two counties are already reporting big increases in values.

The Utah County Assessor’s office told KSL TV that the average value of single-family residential properties jumped 35% over last year.

“Besides the bubble of 2008, I don’t think this has ever happened before, in my experience,” said Utah County chief deputy assessor Burt Garfield.

Garfield said from 2012 to 2020 the county’s average increase for residential properties was about 10% a year, which was already a high rate of increase.

Property valuations are based off of what a home would sell for on Jan. 1 of each year. Utah County’s valuations for 2022 can be viewed online.

The Salt Lake County Assessor’s office said the county’s median increase for residential property values was nearly 29% in 2022.

“This is not typical,” said Salt Lake County Assessor Chris Stavros.

For comparison, Stavros said last year’s increase on residential properties was 11.7%.

Salt Lake County’s 2022 property valuations are also available online.

The Utah Taxpayer Association reminded that Utah law makes it so property tax bills don’t jump just because values jump.

“In Utah, the rate should float down and basically keep taxes, in general, from going up on your home only from the price increase,” said Rusty Cannon, the watchdog group’s president.

In July, counties are required to mail out an official “Notice of Valuation and Tax Changes” to property owners. The notice will include the new assessed value, proposed tax bill, any tax changes and which taxing entities are trying to raise taxes.

“That’s the beauty behind Utah’s Truth in Taxation law is they have to come and show you in public and notice you and explain why, versus just getting a windfall because our property values went up,” Cannon said. “So that’s why we have such a good system and why other states are now copying it.”

The notice, which must be mailed by July 22, will also include the date, time and location of public budget hearings.

“I think what most people can expect is a modest increase in their property taxes,” Cannon said. “But nowhere near the magnitude that everyone thinks it would be because their valuations have gone straight up in some instances.”

Some cities and other taxing entities are considering property tax increases this year. Cannon encourages people to be involved, attend the hearings and voice their opinions to their elected officials.

Ogden firefighters to get 14% pay increase in proposed property tax hike


“A lot of these hearings won’t happen until July or August, and so you have plenty of time to reach out to your city council member and express your frustration or ask for an explanation as to why,” Cannon said.

If you believe the county has the value of your home wrong, Garfield said you can appeal on the basis that your home wouldn’t sell for the assessed amount, or that the valuation is unfair because other comparable properties were assessed less, or if there is a factual error about the property.

“We want to get this right,” Garfield said. “We don’t want anybody to be overtaxed because their value’s wrong.”

KSL 5 TV Live

Local News

After a workplace shooting Sunday afternoon, the CEO of Varex Imaging, an international X-ray busin...

Brianna Chavez

CEO of Varex Imaging says he’s focused on helping employees after workplace shooting

After a workplace shooting Sunday afternoon, the CEO of Varex Imaging, an international X-ray business, told KSL the aftermath has been sad but is focused on how to move forward.

12 minutes ago

Jhon Alvaro-Alarcon Paredes, 20, is accused of shooting a teenager in a McDonald's parking lot in U...

Mary Culbertson

‘Wanted fugitive’: McDonald’s shooting suspect in custody after fleeing to Colorado

A man is in custody in Colorado after he allegedly shot a teenager in the parking lot of a Utah McDonald's and then fled the scene.

26 minutes ago

Beds prepared for visitors at William A. Burnard Warming Center as a Code Blue is in effect....

Mike Anderson

Logan Warming Center prepares for homeless community after Code Blue alert

A Logan warming center is asking for more volunteers and resources as the area is hit by another Code Blue warning.

29 minutes ago

Dallin Cunningham, 8, who died from his injuries after falling off a slide at Rose Springs Elementa...

Pat Reavy, KSL.com

Family of boy who died falling from playground slide sues school district

The parents of an 8-year-old boy who died a year ago after falling off a school playground slide during recess have filed a wrongful death lawsuit against the school district.

1 hour ago

PeeDee, the puppy found by Price City police officers and is being trained as a Critical Incident E...

Michael Houck

Abandoned puppy undergoes training as a Price City emotional support dog

An abandoned puppy found by a Price City police officer is now being trained as an emotional support dog for the department.

2 hours ago

An undated photo of the Gunlock State Park waterfalls. The waterfalls are expected to return this s...

Eliza Pace

Gunlock waterfalls are flowing again

Like an oasis in the desert, the Gunlock waterfalls have returned. 

2 hours ago

Sponsored Articles

Modern chandelier hanging from a white slanted ceiling with windows in the backgruond...

Lighting Design

Light Up Your Home With These Top Lighting Trends for 2024

Check out the latest lighting design trends for 2024 and tips on how you can incorporate them into your home.

Technician woman fixing hardware of desktop computer. Close up....

PC Laptops

Tips for Hassle-Free Computer Repairs

Experiencing a glitch in your computer can be frustrating, but with these tips you can have your computer repaired without the stress.

Close up of finger on keyboard button with number 11 logo...

PC Laptops

7 Reasons Why You Should Upgrade Your Laptop to Windows 11

Explore the benefits of upgrading to Windows 11 for a smoother, more secure, and feature-packed computing experience.

Stylish room interior with beautiful Christmas tree and decorative fireplace...

Lighting Design

Create a Festive Home with Our Easy-to-Follow Holiday Prep Guide

Get ready for festive celebrations! Discover expert tips to prepare your home for the holidays, creating a warm and welcoming atmosphere for unforgettable moments.

Battery low message on mobile device screen. Internet and technology concept...

PC Laptops

9 Tips to Get More Power Out of Your Laptop Battery

Get more power out of your laptop battery and help it last longer by implementing some of these tips from our guide.

Users display warnings about the use of artificial intelligence (AI), access to malicious software ...

Les Olson

How to Stay Safe from Cybersecurity Threats

Read our tips for reading for how to respond to rising cybersecurity threats in 2023 and beyond to keep yourself and your company safe.

Home valuations jump dramatically, but watchdog group expects modest increase in property taxes