Values by City & Property Tax Disputes

I received my notice in the mail from the Salt Lake County Auditor’s office regarding my proposed property tax assessment for 2017, and luckily my assessed market value came in quite a bit lower than the actual value of my property, so I won’t need to contest the value of my property.  In my experience, that’s pretty typical, Salt Lake County usually comes in below what the actual market value is, but on occasion they come in high.  If you think your assessed “Market Value” is too high, there is a process you can take to try to get it lowered which will lower your property taxes if they agree with you.

To appeal your property taxes you need two things, a completed appeals form and evidence that shows your home is worth less than the “Market Value” that the Salt Lake County Assessor’s office came up with.  The “Evidence” for an owner occupied home can be any one of three formats, a settlement statement from a recent sale, a recent appraisal or three to five sold properties from the MLS.

Whatever option you choose the information must be dated after January 1, 2016 and before March 30, 2017.  If you didn’t buy your home or haven’t had it appraised since January 1, 2016, you’ll need to submit three to five properties that sold prior to March 30, 2017 and around the first of the year or slightly before is probably best.  The sold property information must come from the Wasatch Front Regional MLS, and that’s something I can help you with if you feel your assessed market value is too high.

If you’d like to contest your property taxes, contact me and I’ll be happy to run a market analysis for you and provide you with all the supporting data that you’ll need.  The process needs to be completed by September 15th, 2017, so don’t wait if you think you’re assessed too high.

Here’s a link to the appeals process:

And here’s a link to the appeals form:

Single Family Home Appreciation By City:

From the second quarter of 2016 to 2017, the median price of a single family home in Salt Lake County increased 10.0%, from $300,000 to $330,000.  Listed below are the results for that same time frame by city.  Cottonwood Heights saw the biggest percentage increase at 16.9%.  followed by Holladay at 14.3% and West Valley City 13.6%.  Check out the table below to see what happened in your area.

Farmer’s Markets in Salt Lake County:

Everyone is familiar with the Downtown Salt Lake City Farmer’s Market at Pioneer Park and there’s a new one in Liberty Park that’s every Friday night from 4 pm until dusk, and it runs until October 20th.  Here’s a link for more information:

Another Farmer’s Market that’s one of my favorites, is the Murray Park Farmer’s Market, which opened the last weekend in July.  It’s held every Friday and Saturday mornings from 9 am to 2 pm at Murray Park, which is located near State Street and 5300 South. This is an old school farmer’s market that focusses on produce.  If you make salsa, marinara, jelly or jam, you can buy produce in bulk at a fair price at this market, and they have huge piles of sweet corn and a wide variety of peaches.  I’ve been going to Murray Park for years to buy mass quantities of Roma tomatoes to make home made marinara sauce.  You can check them out on Facebook:

Salt Lake County list a total of 14 farmers markets throughout the county.  There are six in Salt Lake City, Murray has two and Mill Creek, Holladay, Midvale, West Jordan, South Jordan and Herriman all have one.

Check out this link to find out where the farmers market nearest you is:

If you or someone you know has any questions about buying or selling real estate in and around Salt Lake County, feel free to contact me.  I’ve been a local Realtor since 1999, and love what I do.

Hope you’re enjoying your summer!

Kevin Coyle
Realtor  Broker  MBA  CRS
SLC Homes
M: (801) 243-0699


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