Hyde Park, Cache County, Utah Property Taxes
Median Hyde Park, UT effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Utah state median of 0.55%.
Median Hyde Park, UT home value: $526,128
Median annual Hyde Park, UT tax bill: $2,288, $112 lower than the national median property tax bill of $2,400.
How are property taxes in Cache County calculated?
Property taxes in Hyde Park, UT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hyde Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hyde Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hyde Park, Cache County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$2,368
$2,197
Property Tax Rates Across Hyde Park, Cache County, Utah
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hyde Park’s effective property tax rate to other cities in Utah and the median property tax rates in Utah and the U.S.
In Hyde Park, located in Cache County, property tax rates are notably lower than the national median. This can be a significant factor for homeowners considering the overall cost of living. The local tax rate reflects the county's budgetary requirements and the total assessed property value, ensuring that necessary services are funded. Compared to the national median property tax rate of 1.02%, Hyde Park offers a more affordable tax rate, making it an attractive place for property owners. Understanding how these rates are determined can provide insight into the financial planning needed for property ownership in this region.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hyde Park Tax Rate
0.45%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cache County Tax Rate
0.46%
Median Effective Utah Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hyde Park, Cache County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84318 | 0.44% | 0.45% | 0.45% | 0.45% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Hyde Park, Cache County, Utah
When examining property taxes in Hyde Park, Utah, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cache County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cache County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hyde Park. For example, the median home price in Hyde Park is $526,128, with tax bills ranging significantly across the county. Zip code 84318 has the highest median home price at $526,128.
Property Tax Assessment Values Across Hyde Park, Cache County, Utah
Source: Ownwell
$340,766
$480,522
$620,278
Median Hyde Park Market Value
$526,128
Median Cache County Market Value
$440,314
Median Utah Market Value
$457,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hyde Park, Cache County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84318 | $357,616 | $421,096 | $526,128 | $670,950 | $815,524 |
Source: Ownwell
Property Tax Bills Across Hyde Park, Cache County, Utah
In Hyde Park, UT, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which can fluctuate based on market conditions. Homeowners in Hyde Park face a median property tax bill of $2,288, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,789 and the 90th percentile reaching $3,652. These variations depend on factors such as property location, size, and improvements. High property taxes can strain homeowners' finances, especially when unexpected increases occur.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies opportunities for reducing tax liabilities. Our team of experts guides homeowners through the appeal process, ensuring they pay only their fair share. With Ownwell's assistance, homeowners in Hyde Park can potentially save on their property tax bills, easing financial burdens and enhancing property investment returns.
Median Hyde Park Tax Bill
$2,288
Median Cache County Tax Bill
$1,902
Median Utah Tax Bill
$2,492
Median United States Tax Bill
$2,400
Property Tax Bills Across Hyde Park, Cache County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84318 | $1,314 | $1,789 | $2,288 | $3,014 | $3,652 |
Source: Ownwell