Sundance, Utah Property Taxes
The median property tax rate in Sundance, UT is 0.82%, 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 $900,650 in Sundance, the typical annual property tax bill reaches $7,355, significantly surpassing the national median of $2,690. Property taxes in Sundance are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sundance's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sundance 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
Sundance, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$7,385
Ownwell’s Sundance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sundance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sundance 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 Sundance, Utah
Property taxes in Sundance, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sundance is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Sundance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sundance 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 Sundance's effective property tax rate to other counties in Utah and the national median. For comparison, the 84604 zip code has both the highest and lowest median property tax rate of 0.82%. Understanding how these cities compare with Sundance 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 Sundance Tax Rate
0.82%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sundance, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84604 | 0.58% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Sundance, Utah
In Sundance, 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 Sundance, 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 instance, the median home price in Sundance is $900,650, with tax bills ranging from $6,150 at the 25th percentile to $10,140 at the 90th percentile. The highest and lowest median tax bills are both $7,355 in the zip code 84604. 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 Sundance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sundance Assessed Value
$900,650
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 Sundance, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84604 | $707,640 | $746,500 | $900,650 | $983,300 | $3,982,980 |
Source: Ownwell
Property Tax Bills Across Sundance, Utah
In Sundance, Utah, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local taxing authorities. For homeowners in Sundance, the median home price is $900,650. Property tax bills can vary significantly, with the 25th percentile at $6,150 and the 75th percentile at $7,922. At the 90th percentile, homeowners may see a tax bill as high as $10,140. These figures indicate that property taxes in Sundance can be substantial, especially when compared to the national median property tax rate of 0.99%. Homeowners must budget for these expenses as they can impact overall affordability and financial planning. The highest and lowest median tax bills in the region are both recorded at $7,355 in the 84604 zip code, reflecting a consistent tax burden across different areas of the county.
Average Sundance Tax Bill
$7,355
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Sundance, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84604 | $5,774 | $6,150 | $7,355 | $7,922 | $10,140 |
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 |