Lindon, Utah Property Taxes
The median property tax rate in Lindon, Utah is 0.17%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Lindon at $265,000, the typical annual property tax bill is $452, well below the national median of $2,690. Property taxes in Lindon are calculated based on the tax-assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Lindon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial yearly savings. Whether you're in the heart of Lindon or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lindon, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.17%
Estimate Property Tax Bill
$451
Ownwell’s Lindon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindon 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 Lindon, Utah
Property taxes in Lindon, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindon is 0.55%, which is notably higher than both the Utah state median of 0.52% and the U.S. national median of 0.99%. Local government entities within Lindon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindon 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 Lindon's effective property tax rate to other counties in Utah and the national median. For comparison, 84101 has the highest median property tax rate of 0.80%, while 84790 has the lowest median tax rate of 0.17%. Understanding how these cities compare with Lindon provides valuable insights into the varying tax landscape across Utah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindon Tax Rate
0.17%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindon, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84042 | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% |
Source: Ownwell
Property Tax Assessment Values Across Lindon, Utah
In Lindon, 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 Washington 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 Lindon, 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 Lindon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in the 84042 zip code, with a median tax bill of $452.
Average Lindon Assessed Value
$265,000
Average Washington County Assessed Value
$457,600
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindon, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84042 | $265,000 | $265,000 | $265,000 | $265,000 | $265,000 |
Source: Ownwell
Property Tax Bills Across Lindon, Utah
In Lindon, Washington County, UT, property tax bills are calculated based on the assessed value of the home. The median home price in Lindon is $265,000, and the property tax rate is determined by local government authorities. The assessed value is then multiplied by the tax rate to calculate the annual property tax bill. For instance, with a uniform tax bill of $452, regardless of the percentile, homeowners in the 25th, 75th, and 90th percentiles all share the same tax bill. Several factors contribute to this calculation, including local government budget needs, school funding requirements, and public service expenses. For homeowners, this means that their property tax bill directly correlates to the value of their home and the financial needs of the community. Compared to the national median property tax rate of 0.99%, Lindon's property tax rate results in a tax bill that is relatively modest. This can make Lindon an attractive place for homeowners looking for affordable property taxes.
Average Lindon Tax Bill
$452
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindon, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84042 | $452 | $452 | $452 | $452 | $452 |
Source: Ownwell