Summit County, Utah Property Taxes
The median property tax rate in Summit County is 0.52%, which is lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $1,192,250 in Summit County, the typical annual property tax bill reaches $4,794, which is significantly higher than the national median of $2,690. Property taxes in Summit County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Summit County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Park City or another part of Summit County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Summit County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$6,200
$5,753
Ownwell’s Summit County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Summit County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Summit County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Summit County, Utah
Property taxes in Summit County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Summit County is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Summit County set these rates annually, and they can vary significantly between different areas within the county. Each year, Summit County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Summit County's effective property tax rate with other areas in Utah and the national median. For comparison, the city of Bethesda has one of the higher property tax rates in Utah at 0.58%, while the city of South Jordan boasts one of the lowest at 0.48%. Analyzing how Summit County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Summit County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summit County, Utah
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | N/A | N/A | N/A | N/A | N/A |
| Bethesda | N/A | N/A | N/A | N/A | N/A |
| Coalville | 0.31% | 0.31% | 0.36% | 0.55% | 0.56% |
| Echo | N/A | N/A | N/A | N/A | N/A |
| Evanston | N/A | N/A | N/A | N/A | N/A |
| Francis | 0.34% | 0.34% | 0.34% | 0.62% | 0.62% |
| Henefer | 0.31% | 0.31% | 0.31% | 0.32% | 0.57% |
| Kamas | 0.29% | 0.31% | 0.34% | 0.48% | 0.57% |
| Laguna Beach | N/A | N/A | N/A | N/A | N/A |
| Los Angeles | N/A | N/A | N/A | N/A | N/A |
| Miami | N/A | N/A | N/A | N/A | N/A |
| Niles | N/A | N/A | N/A | N/A | N/A |
| Oakley | 0.33% | 0.33% | 0.33% | 0.52% | 0.59% |
| Park City | 0.31% | 0.31% | 0.55% | 0.56% | 0.57% |
| Peoa | 0.29% | 0.29% | 0.30% | 0.50% | 0.52% |
| Salt Lake City | N/A | N/A | N/A | N/A | N/A |
| San Antonio | N/A | N/A | N/A | N/A | N/A |
| Sandy | N/A | N/A | N/A | N/A | N/A |
| Scottsdale | N/A | N/A | N/A | N/A | N/A |
| South Jordan | N/A | N/A | N/A | N/A | N/A |
| Taylorsville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Summit County, Utah
In Summit County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Summit County Appraisal District. The assessed value, however, 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. Assessment notices in Summit County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Summit County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Among the cities, Bethesda has the highest median tax bill at $34,876, while South Jordan has the lowest at $243.
Property Tax Assessment Values Across Summit County, Utah
Source: Ownwell
$571,220
$1,195,296
$1,819,372
Average Summit County Assessed Value
$1,192,250
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Summit County, Utah
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | N/A | N/A | N/A | N/A | N/A |
| Bethesda | N/A | N/A | N/A | N/A | N/A |
| Coalville | $334,901 | $454,030 | $650,212 | $935,762 | $1,320,734 |
| Echo | N/A | N/A | N/A | N/A | N/A |
| Evanston | N/A | N/A | N/A | N/A | N/A |
| Francis | $512,946 | $546,365 | $571,220 | $588,012 | $780,430 |
| Henefer | $297,448 | $408,097 | $575,093 | $729,760 | $892,861 |
| Kamas | $285,543 | $439,364 | $611,072 | $848,066 | $1,253,895 |
| Laguna Beach | N/A | N/A | N/A | N/A | N/A |
| Los Angeles | N/A | N/A | N/A | N/A | N/A |
| Miami | N/A | N/A | N/A | N/A | N/A |
| Niles | N/A | N/A | N/A | N/A | N/A |
| Oakley | $319,076 | $469,288 | $661,732 | $867,765 | $1,583,177 |
| Park City | $436,200 | $865,200 | $1,483,900 | $2,593,150 | $4,409,256 |
| Peoa | $335,054 | $507,050 | $684,096 | $926,701 | $1,394,153 |
| Salt Lake City | N/A | N/A | N/A | N/A | N/A |
| San Antonio | N/A | N/A | N/A | N/A | N/A |
| Sandy | N/A | N/A | N/A | N/A | N/A |
| Scottsdale | N/A | N/A | N/A | N/A | N/A |
| South Jordan | N/A | N/A | N/A | N/A | N/A |
| Taylorsville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Summit County, Utah
In Summit County, UT, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Summit County is $1,192,250, which significantly influences the property tax bills. For instance, homeowners at the 25th percentile can expect a tax bill of around $2,487, while those at the 75th percentile might pay approximately $9,330. At the 90th percentile, the tax bill can soar to $18,525. These figures show a broad range, reflecting the diverse property values within the county. Comparatively, Summit County's tax rates are influenced by its higher property values, which can result in higher tax bills than the national median property tax rate of 0.99%. For homeowners, this means that while living in a desirable area with potentially high property values, they must also budget for correspondingly higher property taxes.
Average Summit County Tax Bill
$4,794
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Summit County, Utah
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | N/A | N/A | N/A | N/A | N/A |
| Bethesda | N/A | N/A | N/A | N/A | N/A |
| Coalville | $1,213 | $1,725 | $2,449 | $3,857 | $6,148 |
| Echo | N/A | N/A | N/A | N/A | N/A |
| Evanston | N/A | N/A | N/A | N/A | N/A |
| Francis | $1,837 | $1,926 | $2,200 | $3,516 | $3,597 |
| Henefer | $1,017 | $1,501 | $1,924 | $2,496 | $3,163 |
| Kamas | $1,121 | $1,607 | $2,192 | $3,374 | $4,560 |
| Laguna Beach | N/A | N/A | N/A | N/A | N/A |
| Los Angeles | N/A | N/A | N/A | N/A | N/A |
| Miami | N/A | N/A | N/A | N/A | N/A |
| Niles | N/A | N/A | N/A | N/A | N/A |
| Oakley | $1,347 | $1,933 | $2,476 | $3,578 | $6,406 |
| Park City | $2,112 | $3,511 | $6,031 | $11,380 | $21,310 |
| Peoa | $1,124 | $1,671 | $2,394 | $3,364 | $4,706 |
| Salt Lake City | N/A | N/A | N/A | N/A | N/A |
| San Antonio | N/A | N/A | N/A | N/A | N/A |
| Sandy | N/A | N/A | N/A | N/A | N/A |
| Scottsdale | N/A | N/A | N/A | N/A | N/A |
| South Jordan | N/A | N/A | N/A | N/A | N/A |
| Taylorsville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell