Eagle Mountain, Utah Property Taxes
The median property tax rate in Eagle Mountain, UT is 0.47%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Eagle Mountain, the typical annual property tax bill reaches $2,197, falling below the national median of $2,690. Property taxes in Eagle Mountain 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 Eagle Mountain'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 Eagle Mountain 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
Eagle Mountain, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$2,195
Ownwell’s Eagle Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagle Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagle Mountain 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 Eagle Mountain, Utah
Property taxes in Eagle Mountain, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle Mountain is 0.47%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Eagle Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle Mountain 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 Eagle Mountain's effective property tax rate to other counties in Utah and the national median. For comparison, the 84013 zip code has the highest median property tax rate of 0.47%, while the 84005 zip code has the lowest median tax rate of 0.47%. Understanding how these cities compare with Eagle Mountain 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 Eagle Mountain Tax Rate
0.47%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Mountain, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84005 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
| 84013 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Mountain, Utah
In Eagle Mountain, 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 Eagle Mountain, 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 Eagle Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,202 in zip code 84005, while the lowest is $1,854 in zip code 84013.
Average Eagle Mountain Assessed Value
$467,050
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 Eagle Mountain, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84005 | $369,200 | $405,000 | $467,700 | $538,600 | $673,000 |
| 84013 | $348,210 | $368,700 | $394,000 | $445,225 | $478,840 |
Source: Ownwell
Property Tax Bills Across Eagle Mountain, Utah
In Eagle Mountain, Utah County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Eagle Mountain can expect a median home price of $467,050. The tax rate is then applied to this assessed value to determine the annual tax bill. For instance, the median property tax bill in the area ranges from $1,900 at the 25th percentile to $3,169 at the 90th percentile. The highest median tax bill within the region is $2,202, found in the 84005 zip code, while the lowest median tax bill is $1,854 in the 84013 zip code. These tax bills can significantly impact homeowners, influencing their overall housing costs and long-term financial planning. Compared to the national median property tax rate of 0.99%, Eagle Mountain's property tax rates can be seen as relatively moderate, providing a balanced financial environment for residents.
Average Eagle Mountain Tax Bill
$2,197
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Mountain, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84005 | $1,729 | $1,903 | $2,202 | $2,534 | $3,172 |
| 84013 | $1,641 | $1,735 | $1,854 | $2,105 | $2,276 |
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 |