Utah (UT) property tax rate: 0.56% | Median home: $505,000 | Median annual tax: $2,828
Utah is the fastest-growing state in America over the past decade. The average effective property tax rate in Utah is 0.56%, which is below the national average of 1.1%.
On the median Utah home valued at $505,000, annual property taxes come to approximately $2,828 or $236/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Utah has a Circuit Breaker program that limits property tax for qualifying seniors.
Combined with Utah's state income tax rate of 4.65%, homeowners should consider the total tax picture. Property taxes in Utah are manageable and in line with regional averages.
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Utah has an average effective property tax rate of 0.56%. On the median home value of $505,000, that equals approximately $2,828 per year or $236 per month.
Property taxes in Utah are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Utah has a Circuit Breaker program that limits property tax for qualifying seniors.
Utah property taxes are well below the national average of 1.1%. This is a genuine financial advantage for homeowners in Utah.
Property tax due dates vary by county in Utah. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.