Cedar Hills, Utah Property Taxes
The median property tax rate in Cedar Hills, UT is 0.43%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Cedar Hills at $576,600, the typical annual property tax bill reaches $2,485, just below the national median of $2,690. Property taxes in Cedar Hills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedar Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cedar Hills 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
Cedar Hills, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$2,479
Ownwell’s Cedar Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Hills 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 Cedar Hills, Utah
Property taxes in Cedar Hills, Utah, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Hills is 0.43%, which is significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Cedar Hills set these rates annually, and they can vary across different neighborhoods. Each year, Cedar Hills 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 Cedar Hills' effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84062 has both the highest and lowest median property tax rate of 0.43%. Understanding how these cities compare with Cedar Hills 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 Cedar Hills Tax Rate
0.43%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84062 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Hills, Utah
In Cedar Hills, 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 Cedar Hills, 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 Cedar Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cedar Hills are both $2485, found in the 84062 zip code.
Average Cedar Hills Assessed Value
$576,600
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 Cedar Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84062 | $442,000 | $504,050 | $576,600 | $693,700 | $853,940 |
Source: Ownwell
Property Tax Bills Across Cedar Hills, Utah
In Cedar Hills, Utah, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $576,600, the assessed value will be a fraction of this amount, determined by local regulations. The tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the home's location within Utah County, specific local tax rates, and any applicable exemptions or deductions. Homeowners in Cedar Hills can expect tax bills to vary, with the 25th percentile tax bill around $2,168 and the 75th percentile reaching approximately $2,997. The 90th percentile tax bill can go up to $3,707, reflecting the range of property values and local tax rates. Compared to the national median property tax rate of 0.99%, Cedar Hills' property taxes can be relatively moderate, offering some relief to homeowners. However, the exact impact on each homeowner will depend on their property's assessed value and any applicable local tax policies.
Average Cedar Hills Tax Bill
$2,485
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84062 | $1,881 | $2,168 | $2,485 | $2,997 | $3,707 |
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 |