Park City Utah Real Estate Taxes
In the actual example above of a 2016 property in park city the tax rate is 0 008034000.
Park city utah real estate taxes. The office also assesses and collects taxes on business personal property owned and leased mobile homes and mobile offices. Counties in utah collect an average of 0 6 of a property s assesed fair market value as property tax per year. How to estimate your park city area property taxes if you are considering purchasing a property in utah home condo or land. The median property tax in utah is 1 351 00 per yearfor a home worth the median value of 224 700 00.
The actual rate is closer to 1 1 but. We welcome your comments and suggestions so please email us. A quick dirty rule to estimate your first year of property taxes is to figure that you ll pay about 1 of your purchase price. Utah is ranked number thirty two out of the fifty states in order of the average amount of property taxes collected.
Thus if the market value of your home is 100 000 the taxable value is just 55 000. There are more than 1 000 different property tax areas in utah each with a separate rate. We do not have escrow fees attorney s fees or transfer taxes that can add tens of thousands of dollars to the cost of buying or selling a property. Official site of the property tax division of the utah state tax commission with information about property taxes in utah.
In general as compared to other states utah specifically summit county as one of the lowest tax rates. Pay past due 2019 taxes to avoid additional penalties interest. 2020 property tax dates. More reasons to love park city utah.
It s often times under 1. To sum it up whether you are buying or selling a property in summit county utah the closing costs are very low. Your local tax rates apply to that taxable value. The assessor s office is responsible for the appraisal of real property homes condos recreational parcels vacant land commercial and industrial properties.