Taxpayer Impact

It is anticipated that passing the bond will increase property taxes by $38.33 per year ($3.19 per month) for every $100,000 in home value. The median value of a home in Salt Lake City is $576,000, so the anticipated tax impact on a median value home is $220.80 per year.

The anticipated tax impact on a business in the city is $67.70 per year ($5.81 per month) for every $100,000 in value.

Use of Taxpayer Money

Salt Lake City School District has been very thoughtful in how it spends taxpayer money. We have not bonded since 1999. Since then, we have prioritized the seismic retrofitting of schools, including rebuilding several elementary and middle schools. The last three elementary schools (Liberty Elementary, Edison Elementary, and Meadowlark Elementary) and district office have been built thanks to sound financial management and without asking our community for additional financial support. 

Property Tax Rates

The district has one of the lowest property tax rates in the state. If the bond passes, the district anticipates maintaining a property tax rate lower than the state average. In the chart below, Salt Lake City School District’s current tax rate is represented by the red line, with the state average tax rate represented by the green line. If the bond passes, the new tax rate for the district is represented by the yellow line.