Tax Information
For the 2023 calendar year, the Salt Lake City School District is proposing an increase to the Certified Tax Rate. Following the maturity of some general obligation bonds, the district is proposing to recapture the revenues that were being used to pay off debt and use those revenues for future capital needs. Capital projects, such as construction, roofs, parking lot resurfacing, HVAC systems have seen a large increase in costs due to inflation. This revenue will help offset the inflationary increases and help the district maintain its buildings in a safe, efficient manner.
The below chart shows the homeowner of an average valued home of $576,000 in Salt Lake City would pay and additional $18.06 per year under the proposed rate. This still is $121.33 less than the previous year.
Even with the proposed increase to the Certified Rate, the total tax rate will be lower than the previous year.
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2022 Actual Tax Rate |
2023 Certified Tax Rate |
2023 Proposed Tax Rate |
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|
Basic School Levy* |
0.001652 |
0.001406 |
0.001406 |
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|
Board Local Levy |
0.001397 |
0.001321 |
0.001321 |
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|
Charter School Levy** |
0.000073 |
0.000076 |
0.000076 |
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Capital Local Levy |
0.000570 |
0.000542 |
0.000599 |
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Voted Local Levy |
0.000535 |
0.000508 |
0.000508 |
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|
GO Bond Payments |
0.000120 |
0.000054 |
0.000054 |
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Total |
0.004347 |
0.003907 |
0.003964 |
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* Basic School Levy rate is set by the State Legislature. |
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** Charter School Levy is set by the State Board of Education and |
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the State Tax Commission. These revenues are not available |
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to the Salt Lake City School District, but are allocated to charter schools by the |
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State Board of Education. |
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To view a copy of the approved Salt Lake City School District Comprehensive Annual Budget Report for 2023-24, click the link below.