Lindon, Utah Property Taxes
The median property tax rate in Lindon, UT is 0.42%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. Given the median home value in Lindon, the typical annual property tax bill amounts to $2,589, which is just below the national median of $2,690. Property taxes in Lindon are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Lindon's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Lindon or another part of the city, mastering the local property tax system is crucial for financial efficiency and long-term investment success.
Last Updated June 14, 2024
Lindon, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$2,633
Ownwell’s Lindon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindon 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 Lindon, Utah
Property taxes in Lindon, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindon is 0.42%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Lindon set these rates annually, and they can vary across different neighborhoods. Each year, Lindon 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 Lindon's effective property tax rate to other regions in Utah and the national median. For comparison, the zip code 84042 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these areas compare with Lindon provides valuable insights into the consistent tax landscape across Utah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindon Tax Rate
0.42%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindon, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84042 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Lindon, Utah
In Lindon, 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 Lindon, 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 example, the median home price in Lindon is $626,800, with tax bills ranging from $2,183 at the 25th percentile to $4,236 at the 90th percentile. The zip code 84042 has the highest median tax bill and the lowest median tax bill, both at $2,589. 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 Lindon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lindon Assessed Value
$626,800
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 Lindon, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84042 | $461,720 | $528,300 | $626,800 | $804,200 | $1,017,280 |
Source: Ownwell
Property Tax Bills Across Lindon, Utah
In Lindon, Utah County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. Lindon's median home price is $626,800, and property tax bills can vary significantly within the city. For example, the tax bill at the 25th percentile is $2,183, while at the 75th percentile, it rises to $3,339, and at the 90th percentile, it reaches $4,236. Several factors influence the tax bill, including changes in the market value of properties, local government budgets, and voter-approved measures. Homeowners in Lindon should be aware that while the city's property tax rate is relatively low compared to the national median of 0.99%, the high property values can result in substantial tax bills. Understanding these components can help homeowners anticipate and manage their annual tax obligations.
Average Lindon Tax Bill
$2,589
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindon, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84042 | $1,880 | $2,183 | $2,589 | $3,339 | $4,236 |
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 |