Fairfield, Utah County, Utah Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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. Below, you can compare Fairfield’s effective property tax rate to other cities in Utah and the median property tax rates in Utah and the U.S.

Fairfield, located in Utah County, stands out with its notably low property tax rates. With a median tax rate of 0.41%, it is considerably below the national median of 1.02%. This means that property owners in Fairfield enjoy one of the lowest property tax burdens in the state and the country. For residents, this translates to significant savings compared to the national median property tax bill of $2,400. Fairfield’s attractive tax rate can be a compelling factor for potential homeowners considering a move, offering financial relief and a more affordable living environment.

In Fairfield, Utah County, property tax bills are determined based on the assessed value of a home. This value is influenced by the market conditions and property characteristics. Homeowners in this area pay a median property tax bill of $1,679, which is significantly below the national median of $2,400. The property tax rate applied to the assessed value is a key factor in calculating the final bill, affecting how much homeowners pay annually.

For homeowners, understanding these calculations is crucial as property taxes can be a substantial expense. With tax bills ranging from $1,156 at the 25th percentile to $3,420 at the 90th percentile, there is a wide variance in what residents might pay. This variance highlights the importance of ensuring that your property is not over-assessed.

Ownwell can assist homeowners by providing expert property tax appeal services. By analyzing your property’s assessed value and market conditions, Ownwell can identify opportunities for tax savings, potentially lowering your property tax bill and making homeownership more affordable.