The property tax is based on the location and size of the home. You can pay $2200 a year property tax for a small home in Salt Lake City area, the same amount for a slightly larger home in the Millcreek area, the same amount for a home in Sandy and around $1900 for a home in West Valley & Magna. This of course depends on the square footage of the home and lot size. For a family of two, electrical bills average $40.00 per month, gas bills average the same - higher in the winter months and lower in the summer. The water bills there again depends on the city you live in -- Salt Lake city has a tendency to be higher with their water and sewer bills compared to Salt Lake County, West Valley and Magna.