Atlanta, Utah Property Taxes
The median property tax rate in Atlanta, Utah is 0.57%, slightly higher than the state median of 0.55% but still below the national median of 0.99%. With a median home value of $2,109,441, the typical annual property tax bill in Atlanta reaches $12,072, significantly exceeding the national median of $2,690. Property taxes in Atlanta are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. By understanding Atlanta's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in Atlanta or another part of Summit County, grasping the intricacies of the local property tax system will be beneficial.
Last Updated June 14, 2024
Atlanta, Utah Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Atlanta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atlanta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlanta to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Atlanta, Utah
Property taxes in Atlanta, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlanta is 0.57%, significantly lower than the U.S. national median of 0.99%. Local government entities within Atlanta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlanta estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Atlanta's effective property tax rate to other counties in Utah and the national median. For comparison, the 30306 zip code has both the highest and lowest median property tax rate at 0.57%, the same as Atlanta's. Understanding how these cities compare with Atlanta provides valuable insights into the varying tax landscape across Summit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlanta Tax Rate
0.57%
Average Summit County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlanta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30306 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Atlanta, Utah
In Atlanta, Utah, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Summit County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Atlanta, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Atlanta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Atlanta are both found in zip code 30306, amounting to $12,072.
Average Atlanta Assessed Value
$2,109,441
Average Summit County Assessed Value
$1,192,250
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlanta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30306 | $2,109,441 | $2,109,441 | $2,109,441 | $2,109,441 | $2,109,441 |
Source: Ownwell
Property Tax Bills Across Atlanta, Utah
In Atlanta, Summit County, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. For instance, the median home price in Atlanta is $2,109,441. Property tax rates are applied to the assessed value to calculate the tax bill. In Summit County, the property tax rate results in a median tax bill of $12,072, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Atlanta can expect their tax bills to reflect the high property values in the area. This can have a substantial impact on household budgets, making it essential for homeowners to understand how their property taxes are calculated and to explore any available exemptions or appeal options to potentially lower their tax burden.
Average Atlanta Tax Bill
$12,072
Average Summit County Tax Bill
$4,794
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlanta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30306 | $12,072 | $12,072 | $12,072 | $12,072 | $12,072 |
Source: Ownwell