Alta, Utah Property Taxes
The median property tax rate in Alta, UT is 1.05%, considerably higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Alta, the typical annual property tax bill reaches $10,820, far exceeding the national median of $2,690. Property taxes in Alta 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 Alta'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 Alta 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
Alta, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$10,150
Ownwell’s Alta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alta 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 Alta, Utah
Property taxes in Alta, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alta is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Alta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alta 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 Alta's effective property tax rate to other counties in Utah and the national median. For comparison, the 84092 zip code has the highest median property tax rate of 1.05%, while the 84092 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Alta provides valuable insights into the varying tax landscape across Salt Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alta Tax Rate
1.05%
Average Salt Lake County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84092 | 1.05% | 1.05% | 1.05% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Alta, Utah
In Alta, 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 Salt Lake County Appraisal District 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 Alta, 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 Alta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alta is $966,700, with tax bills ranging from $10,419 at the 25th percentile to $12,351 at the 90th percentile. The zip code 84092 has both the highest and lowest median tax bill, each at $10,820.
Average Alta Assessed Value
$966,700
Average Salt Lake County Assessed Value
$475,200
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84092 | $381,020 | $950,000 | $966,700 | $1,026,200 | $1,129,880 |
Source: Ownwell
Property Tax Bills Across Alta, Utah
In Alta, located in Salt Lake County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. For instance, with a median home price of $966,700, the assessed value forms the basis of the tax calculation. The median property tax rate in the area is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Alta face varying tax bills, with the 25th percentile at $10,419 and the 75th percentile at $11,777. The 90th percentile tax bill reaches up to $12,351. These figures illustrate the range of property tax obligations, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Alta’s property tax bills are notably higher, reflecting the premium property values in this region. This higher tax burden underscores the importance of accurate assessments and potential appeals to ensure fair taxation.
Average Alta Tax Bill
$10,820
Average Salt Lake County Tax Bill
$2,800
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Alta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84092 | $10,177 | $10,419 | $10,820 | $11,777 | $12,351 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Salt Lake Tax Assessor | |
| Phone | (385) 468-7200 |
| Website | slco.org |
| propertytaxappeals@slco.org | |