South Jordan, Utah Property Taxes
The median property tax rate in South Jordan, UT is 0.48%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $50,974 in South Jordan, the typical annual property tax bill is around $243, well below the national median of $2,690. Property taxes in South Jordan are determined based on the tax assessed value, which often remains lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating South Jordan's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of South Jordan or elsewhere in the city, gaining a solid understanding of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
South Jordan, 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 South Jordan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Jordan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Jordan 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 South Jordan, Utah
Property taxes in South Jordan, Utah, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in South Jordan is 0.48%, which is notably lower than the U.S. national median of 0.99%. Local government entities within South Jordan set these rates annually, and they can vary across different neighborhoods. Each year, South Jordan 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 South Jordan's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84095 has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with South Jordan 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 South Jordan Tax Rate
0.48%
Average Summit County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Jordan, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84095 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across South Jordan, Utah
In South Jordan, 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 local appraisal authorities 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 South Jordan, 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 South Jordan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84095 has both the highest and lowest median tax bill, which stands at $243 annually.
Average South Jordan Assessed Value
$50,974
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 South Jordan, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84095 | $50,974 | $50,974 | $50,974 | $50,974 | $50,974 |
Source: Ownwell
Property Tax Bills Across South Jordan, Utah
In South Jordan, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The property tax rate in South Jordan is applied to this assessed value to determine the annual tax bill. For homeowners, this means that fluctuations in the real estate market can directly impact their property taxes. Factors such as property size, location, and improvements can also influence the assessed value. In South Jordan, the median property tax bill is $243, which is significantly lower than the national median property tax rate of 0.99%. This lower tax rate can make homeownership more affordable, but it's crucial for homeowners to stay informed about any changes in property assessments or tax rates. Understanding how these factors interact can help homeowners better anticipate their annual tax obligations and manage their financial planning accordingly.
Average South Jordan Tax Bill
$243
Average Summit County Tax Bill
$4,794
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across South Jordan, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84095 | $243 | $243 | $243 | $243 | $243 |
Source: Ownwell