Wasatch County, Utah Property Taxes
The median property tax rate in Wasatch County is 0.52%, which is significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Wasatch County at $756,305, the typical annual property tax bill reaches $4,768, which exceeds the national median of $2,690. Property taxes in Wasatch 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 Wasatch 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 Heber City or another part of Wasatch County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wasatch County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$3,933
$3,650
Ownwell’s Wasatch County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wasatch County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wasatch 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 Wasatch County, Utah
Property taxes in Wasatch County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wasatch County is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within the county set these rates annually, and they can vary significantly between different areas within the county. Each year, Wasatch 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 Wasatch County's effective property tax rate with other cities in Utah and the national median. For comparison, Heber City has one of the higher property tax rates in Utah at 0.86%, while the city of Kamas boasts one of the lowest at 0.48%. Analyzing how Wasatch County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wasatch County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wasatch County, Utah
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Heber City | 0.48% | 0.52% | 0.86% | 0.91% | 0.94% |
| Hideout | 0.51% | 0.51% | 0.51% | 0.93% | 0.93% |
| Kamas | 0.48% | 0.48% | 0.48% | 0.86% | 0.86% |
| Mayflower Mnt | N/A | N/A | N/A | N/A | N/A |
| Midway | 0.51% | 0.51% | 0.51% | 0.93% | 0.93% |
| Park City | N/A | N/A | N/A | N/A | N/A |
| Provo | N/A | N/A | N/A | N/A | N/A |
| Wallsburg | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Wasatch County, Utah
In Wasatch 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 Wasatch 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 Wasatch 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. For instance, the median home price in Wasatch County is $756,305. Tax bills can vary significantly, with Provo having the lowest median tax bill at $1,590 and Park City the highest at $17,917. 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 Wasatch County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
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 Wasatch County, Utah
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Heber City | $281,165 | $395,080 | $619,000 | $1,068,816 | $2,096,320 |
| Hideout | $727,411 | $1,236,670 | $1,361,426 | $1,853,040 | $1,853,040 |
| Kamas | $344,572 | $716,500 | $736,600 | $1,127,049 | $1,316,192 |
| Mayflower Mnt | N/A | N/A | N/A | N/A | N/A |
| Midway | $339,000 | $520,781 | $863,352 | $1,125,418 | $1,453,928 |
| Park City | N/A | N/A | N/A | N/A | N/A |
| Provo | N/A | N/A | N/A | N/A | N/A |
| Wallsburg | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Wasatch County, Utah
In Wasatch County, UT, property tax bills are calculated based on the assessed value of the 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 Wasatch County stands at $756,305, and the median property tax rate is 0.99%, aligning with the national median. Homeowners in Wasatch County can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,484, while at the 75th percentile, it rises to $6,959. For those at the 90th percentile, it can go up to $11,546. The highest median tax bill in the county is found in Park City, where it reaches $17,917, contrasting with Provo's lowest median tax bill of $1,590. These variations highlight how property values and local tax rates significantly impact homeowners' annual tax obligations, making it crucial for them to understand how these factors affect their finances.
Average Wasatch County Tax Bill
$4,768
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Wasatch County, Utah
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Heber City | $1,809 | $2,107 | $3,703 | $7,727 | $18,380 |
| Hideout | $3,878 | $6,313 | $7,160 | $10,790 | $15,086 |
| Kamas | $1,382 | $3,404 | $5,906 | $6,362 | $9,305 |
| Mayflower Mnt | N/A | N/A | N/A | N/A | N/A |
| Midway | $1,773 | $3,227 | $4,754 | $6,913 | $9,831 |
| Park City | N/A | N/A | N/A | N/A | N/A |
| Provo | N/A | N/A | N/A | N/A | N/A |
| Wallsburg | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell