Scottsdale, Utah Property Taxes
The median property tax rate in Scottsdale, UT is 0.55%, aligning with the Utah state median but still below the national median of 0.99%. With a median home value of $1,340,100 in Scottsdale, the typical annual property tax bill amounts to $7,405, significantly surpassing the national median of $2,690. Property taxes in Scottsdale 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 Scottsdale'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 Scottsdale 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
Scottsdale, 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 Scottsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scottsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scottsdale 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 Scottsdale, Utah
Property taxes in Scottsdale, Utah, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Scottsdale is 0.55%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Scottsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottsdale 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 Scottsdale's effective property tax rate to other counties in Utah and the national median. For comparison, the 85255 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Scottsdale 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 Scottsdale Tax Rate
0.55%
Average Summit County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scottsdale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85255 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Scottsdale, Utah
In Scottsdale, 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 Scottsdale, 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 Scottsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $7,405, found in the zip code 85255.
Average Scottsdale Assessed Value
$1,340,100
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 Scottsdale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85255 | $1,340,100 | $1,340,100 | $1,340,100 | $1,340,100 | $1,340,100 |
Source: Ownwell
Property Tax Bills Across Scottsdale, Utah
In Scottsdale, Summit County, Utah, property tax bills are calculated based on the assessed value of a home. The median home price in Scottsdale is $1,340,100, which plays a significant role in determining the tax bill. Local tax authorities assess the value of properties annually, considering factors like property size, location, and market conditions. The tax rate is then applied to this assessed value to calculate the tax bill. For homeowners in Scottsdale, the property tax bill at the 25th, 75th, and 90th percentiles is consistently $7,405. This uniformity suggests a stable tax rate across different property values. When compared to the national median property tax rate of 0.99%, Scottsdale's tax rate results in a higher tax bill due to the elevated property values. This substantial tax bill can impact homeowners' financial planning, making it crucial for them to stay informed about property assessments and potential appeals to ensure fair taxation.
Average Scottsdale Tax Bill
$7,405
Average Summit County Tax Bill
$4,794
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Scottsdale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85255 | $7,405 | $7,405 | $7,405 | $7,405 | $7,405 |
Source: Ownwell