Kamas, Utah Property Taxes
The median property tax rate in Kamas, UT is 0.48%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Kamas at $736,600, the typical annual property tax bill reaches $5,906, exceeding the national median of $2,690. Property taxes in Kamas 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 Kamas'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 Kamas 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
Kamas, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$3,536
Ownwell’s Kamas Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kamas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kamas to provide an accurate property tax bill estimate. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed insights, localized neighborhood trends are available below. Your property’s assessed value, determined by Wasatch County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Kamas, Utah
Property taxes in Kamas, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kamas is 0.48%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Kamas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kamas 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 Kamas's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84036 has the highest median property tax rate of 0.48%, while the lowest median tax rate is also 0.48%. Understanding how these cities compare with Kamas provides valuable insights into the varying tax landscape across Wasatch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kamas Tax Rate
0.48%
Average Wasatch County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kamas, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84036 | 0.48% | 0.48% | 0.48% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Kamas, Utah
In Kamas, 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 Wasatch 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 Kamas, 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 Kamas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kamas is $736,600, with the median tax bill at the 25th percentile being $3,404 and the 75th percentile at $6,362. The highest and lowest median tax bills are both $5,906 in the 84036 zip code.
Average Kamas Assessed Value
$736,600
Average Wasatch County Assessed Value
$756,305
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kamas, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84036 | $344,572 | $716,500 | $736,600 | $1,127,049 | $1,316,192 |
Source: Ownwell
Property Tax Bills Across Kamas, Utah
In Kamas, located in Wasatch County, UT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the market value of the property. The property tax rate in Kamas is applied to this assessed value to determine the annual tax bill. This rate, when compared to the national median property tax rate of 0.99%, can significantly impact homeowners. Various factors influence the tax bill, including the home's market value, location, and any applicable exemptions. For instance, a home with a median price of $736,600 in Kamas would have different tax implications based on its assessed value and the tax rate applied. The tax bills in Kamas range widely, with the 25th percentile at $3,404, the 75th percentile at $6,362, and the 90th percentile reaching $9,305. For homeowners, these property taxes can represent a substantial annual expense, affecting overall housing affordability and financial planning. Understanding these factors is crucial for homeowners to anticipate their tax obligations accurately.
Average Kamas Tax Bill
$5,906
Average Wasatch County Tax Bill
$4,768
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Kamas, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84036 | $1,382 | $3,404 | $5,906 | $6,362 | $9,305 |
Source: Ownwell