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District outlines preliminary 2025 property tax rate; recommends no change to certified rate
Summary
District finance staff presented preliminary property tax calculations showing a calculated rate of 0.004139 for 2025, an estimated 4.8% increase in assessed values and noted a major state change: the basic school levy will be routed through the state beginning 2025.
Salt Lake City School District finance staff presented preliminary property tax rates and a timeline for the budget process, recommending no change to the district’s certified tax rate for the 2025 tax year.
Alan (Kearsley) told the board staff is estimating a 4.8% increase in assessed valuation for the 2025 tax year. Using the district’s calculation, the 2025 calculated tax rate is 0.004139, an increase in the rate per the slide deck compared with the prior year but — because assessed values are rising — the district recommended no change to the certified tax rate this…
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