Mapleton, Utah Property Taxes
The median property tax rate in Mapleton, Utah is 0.56%, slightly above the state median of 0.55% but still below the national median of 0.99%. With a median home value of $665,200, the typical annual property tax bill in Mapleton reaches $3,713, which is significantly higher than the national median of $2,690. Property taxes in Mapleton are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mapleton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mapleton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mapleton, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,725
Ownwell’s Mapleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mapleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mapleton 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 Mapleton, Utah
Property taxes in Mapleton, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mapleton is 0.56%, significantly lower than the U.S. national median of 0.99%. Local government entities within Mapleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mapleton 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 Mapleton's effective property tax rate to other areas in Utah County and the national median. For comparison, the zip code 84664 has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these areas compare with Mapleton provides valuable insights into the varying tax landscape across Utah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mapleton Tax Rate
0.56%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mapleton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84664 | 0.56% | 0.56% | 0.56% | 0.56% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Mapleton, Utah
In Mapleton, 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 Utah County Assessor 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 Mapleton, 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. For instance, the median home price in Mapleton is $665,200, with tax bills at the 25th percentile at $3,036 and at the 75th percentile at $5,003. 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 Mapleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mapleton Assessed Value
$665,200
Average Utah County Assessed Value
$478,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mapleton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84664 | $450,200 | $550,625 | $665,200 | $891,775 | $1,282,930 |
Source: Ownwell
Property Tax Bills Across Mapleton, Utah
In Mapleton, Utah, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Mapleton experience a range of tax bills, with the 25th percentile at $3,036 and the 75th percentile reaching $5,003. The 90th percentile tax bill can go up to $7,238, indicating significant variation based on property values and specific assessments. The median home price in Mapleton is $665,200, which plays a crucial role in the calculation of property taxes. Compared to the national median property tax rate of 0.99%, Mapleton's tax rates can result in higher tax bills due to the relatively high home values. This directly impacts homeowners by influencing their annual financial obligations and potentially affecting their long-term investment in their property. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities more effectively.
Average Mapleton Tax Bill
$3,713
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Mapleton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84664 | $2,434 | $3,036 | $3,713 | $5,003 | $7,238 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Utah Tax Assessor | |
| Phone | (801) 851-8109 |
| Website | www.utahcounty.gov |