Heber City, Utah Property Taxes
The median property tax rate in Heber City, UT is 0.86%, which is lower than the national median of 0.99% but significantly higher than the Utah state median of 0.55%. With a median home value of $619,000 in Heber City, the typical annual property tax bill amounts to $3,703, surpassing the national median of $2,690. Property taxes in Heber City are determined based on the assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Navigating Heber City's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're in the heart of Heber City or another part of Wasatch County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Heber City, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$5,323
Ownwell’s Heber City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heber City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heber City 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 Heber City, Utah
Property taxes in Heber City, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heber City is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Heber City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heber City 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 Heber City's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84032 has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Heber City 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 Heber City Tax Rate
0.86%
Average Wasatch County Tax Rate
0.52%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heber City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84032 | 0.48% | 0.52% | 0.86% | 0.91% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Heber City, Utah
In Heber City, 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 Heber City, 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 Heber City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill here is $3,703, with the highest and lowest median tax bills both found in the 84032 zip code.
Average Heber City Assessed Value
$619,000
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 Heber City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84032 | $281,165 | $395,080 | $619,000 | $1,068,816 | $2,096,320 |
Source: Ownwell
Property Tax Bills Across Heber City, Utah
In Heber City, located in Wasatch County, UT, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Heber City experience a median home price of $619,000, which influences their property tax bills significantly. The property tax rate in Wasatch County is applied to the assessed value to calculate the annual tax bill. For instance, homeowners at the 25th percentile pay approximately $2,107, while those at the 75th percentile see bills around $7,727. At the higher end, the 90th percentile tax bill reaches $18,380. These tax bills can have a substantial impact on homeowners, affecting their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Heber City's property tax rates contribute to varying financial obligations depending on the home's assessed value.
Average Heber City Tax Bill
$3,703
Average Wasatch County Tax Bill
$4,768
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Heber City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84032 | $1,809 | $2,107 | $3,703 | $7,727 | $18,380 |
Source: Ownwell