Kamas, Utah Property Taxes
The median property tax rate in Kamas, UT is 0.34%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Kamas at $611,072, the typical annual property tax bill is $2,192, which is below the national median of $2,690. Property taxes in Kamas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kamas's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kamas or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kamas, 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 Kamas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kamas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kamas 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 Kamas, Utah
Property taxes in Kamas, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kamas is 0.34%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Kamas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kamas 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 Kamas's effective property tax rate to other counties in Utah and the national median. Understanding how these cities compare with Kamas 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 Kamas Tax Rate
0.34%
Average Summit County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kamas, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84036 | 0.29% | 0.31% | 0.34% | 0.48% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Kamas, Utah
In Kamas, 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 Kamas, 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. The median home price in Kamas is $611,072, with tax bills varying significantly. For example, the 25th percentile tax bill is $1,607, while the 75th percentile tax bill is $3,374. 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 Kamas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kamas Assessed Value
$611,072
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 Kamas, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84036 | $285,543 | $439,364 | $611,072 | $848,066 | $1,253,895 |
Source: Ownwell
Property Tax Bills Across Kamas, Utah
In Kamas, Summit County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Kamas, the median home price is $611,072. Depending on the assessed value and the specific tax rate applied, property tax bills can vary significantly. For example, homeowners in the 25th percentile can expect to pay around $1,607, while those in the 75th percentile might pay up to $3,374. At the 90th percentile, the tax bill can reach approximately $4,560. The highest median tax bill recorded in the area is $2,192. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding how property tax bills are calculated helps homeowners budget effectively and anticipate their annual financial obligations.
Average Kamas Tax Bill
$2,192
Average Summit County Tax Bill
$4,794
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Kamas, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84036 | $1,121 | $1,607 | $2,192 | $3,374 | $4,560 |
Source: Ownwell