Henefer, Summit County, Utah Property Taxes
Median Henefer, UT effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Utah state median of 0.55%.
Median Henefer, UT home value: $575,093
Median annual Henefer, UT tax bill: $1,924, $476 lower than the national median property tax bill of $2,400.
How are property taxes in Summit County calculated?
Property taxes in Henefer, UT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Henefer’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Henefer, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Henefer, Summit County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$1,782
$1,653
Property Tax Rates Across Henefer, Summit County, Utah
Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Henefer, located in Summit County, Utah, the effective property tax rate is a notable point of comparison. Utah's median property tax rate stands at 0.31%, which is significantly lower than the national median of 1.02%. This lower rate implies that property owners in Henefer may enjoy a lighter tax burden compared to those in other parts of the country. The median property tax bill in Utah is also lower than the national median of $2400, providing additional relief to homeowners. This favorable tax environment can make Henefer an attractive place for property investment, especially for those looking to minimize their annual tax expenses.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Henefer Tax Rate
0.31%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Summit County Tax Rate
0.52%
Median Effective Utah Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Henefer, Summit County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84033 | 0.31% | 0.31% | 0.31% | 0.32% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Henefer, Summit County, Utah
When examining property taxes in Henefer, Utah, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Summit County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Summit County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Henefer.
For example, the median home price in Henefer is $575,093, with tax bills ranging significantly across the county. The zip code 84033 has the highest median home price at $575,093.
Property Tax Assessment Values Across Henefer, Summit County, Utah
Source: Ownwell
$572,840
$1,195,715
$1,818,590
Median Henefer Market Value
$574,746
Median Summit County Market Value
$1,192,250
Median Utah Market Value
$459,466
Median United States Market Value
$235,294
Property Tax Assessment Values Across Henefer, Summit County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84033 | $297,972 | $420,816 | $574,746 | $723,528 | $892,845 |
Source: Ownwell
Property Tax Bills Across Henefer, Summit County, Utah
Median Henefer Tax Bill
$1,908
Median Summit County Tax Bill
$4,797
Median Utah Tax Bill
$2,534
Median United States Tax Bill
$2,400
Property Tax Bills Across Henefer, Summit County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84033 | $1,020 | $1,502 | $1,908 | $2,491 | $3,172 |
Source: Ownwell