Kearns, Utah Property Taxes
The median property tax rate in Kearns, UT is 0.77%, which is lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With a median home value of $406,100 in Kearns, the typical annual property tax bill amounts to $2,738, slightly below the national median of $2,690. Property taxes in Kearns are calculated based on the assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Kearns' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kearns 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
Kearns, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$3,127
Ownwell’s Kearns Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kearns with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kearns 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 Kearns, Utah
Property taxes in Kearns, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kearns is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Kearns set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kearns 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 Kearns' effective property tax rate to other areas in Salt Lake County and the national median. For comparison, the 84118 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Kearns provides valuable insights into the varying tax landscape across Salt Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kearns Tax Rate
0.77%
Average Salt Lake County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kearns, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84118 | 0.67% | 0.72% | 0.77% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Kearns, Utah
In Kearns, 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 Salt Lake 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 Kearns, 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. The median home price in Kearns is $406,100, with property tax bills ranging from $2,629 at the 25th percentile to $4,110 at the 90th percentile. Being aware of these valuation processes in Kearns helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kearns Assessed Value
$406,100
Average Salt Lake County Assessed Value
$475,200
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kearns, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84118 | $341,420 | $362,650 | $406,100 | $514,350 | $529,780 |
Source: Ownwell
Property Tax Bills Across Kearns, Utah
Property tax bills in Kearns, located in Salt Lake County, UT, are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $406,100, the assessed value forms the basis for the tax calculation. This assessed value is then multiplied by the local tax rate to determine the final tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Kearns, the tax bill can vary significantly, with the 25th percentile tax bill at $2,629 and the 75th percentile reaching $3,990. The highest median tax bill in the area is $2,738, found in the 84118 zip code. These property taxes can have a substantial impact on homeowners, affecting monthly mortgage payments and overall housing affordability. Comparing this to the national median property tax rate of 0.99%, homeowners in Kearns experience a unique local tax environment.
Average Kearns Tax Bill
$2,738
Average Salt Lake County Tax Bill
$2,800
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Kearns, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84118 | $2,562 | $2,629 | $2,738 | $3,990 | $4,110 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Salt Lake Tax Assessor | |
| Phone | (385) 468-7200 |
| Website | slco.org |
| propertytaxappeals@slco.org | |