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Values are determined by local officials, and may be disputed by property owners. For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike the other types of taxes. The property tax typically produces the required revenue for municipalities' tax levies.
The Revenue Act of 1964 restricted the SALT deduction to state and local taxes on real property, personal property, income, general sales, and gasoline and other motor fuels. [17] Amid the 1970s energy crisis , Congress passed the Revenue Act of 1978 , which eliminated the deduction for state and local taxes on gasoline and motor vehicle fuel.
As of August 13, 2009, the district faced a $33 million shortfall. Jordan teachers lost nine days' pay, and were paid an average of 4.5 percent less in the 2009-2010 school year than they were paid in 2008-2009, and taxpayers faced a large property tax increase. [5] [6]
The State and Local Tax (SALT) deduction, a long-standing feature of the U.S. tax code, was capped at $10,000 as part of the 2017 Tax Cuts and Jobs Act – a signature piece of legislation during ...
Salt Lake County is located in the U.S. state of Utah. As of the 2020 United States census, the population was 1,185,238, [1] making it the most populous county in Utah. Its county seat and largest city is Salt Lake City, the state capital. [2] The county was created in 1850. [3]
In 1970, the town of Bluffdale was incorporated, taking in all of the land between 13800 South, southward to the Salt Lake/Utah County Line. 1982 saw the incorporation of the city of Draper, a town once situated at the south-east end of the Salt Lake Valley, their incorporated boundaries, uncontested by Riverton, took area all of the area ...
The state sales tax has a base rate of 4.65 percent, [4] with cities and counties levying additional local sales taxes that vary among the municipalities. Property taxes are assessed and collected locally. Utah does not charge intangible property taxes and does not impose an inheritance tax.
Taylorsville is a city in Salt Lake County, Utah.It is part of the Salt Lake City metropolitan area.The population was 60,448 at the time of the 2020 census.Taylorsville was incorporated from the Taylorsville–Bennion CDP and portions of the Kearns metro township on July 1, 1996.