Provo, Wasatch County, Utah Property Taxes

Name: Property Tax Bills Across Provo, Wasatch County, Utah
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Provo, UT effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Utah state median of 0.55%.
Median Provo, UT home value: $334,675
Median annual Provo, UT tax bill: $1,590, $810 lower than the national median property tax bill of $2,400.

How are property taxes in Wasatch calculated?

Property taxes in Provo, 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 Provo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Provo, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Provo, Wasatch County, Utah Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$1,606

$1,491

Ownwell’s Provo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Provo with just two data points. By entering your property's estimated assessed value, our calculator applies Provo’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Wasatch County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Provo, Wasatch County, Utah

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of its required budget to provide services, divided by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Though votes and laws influence tax rates and budgets, this is essentially the annual process. In Provo, located in Wasatch County, Utah, the effective property tax rate is 0.48%. This is significantly lower than the national median property tax rate of 1.02%, making it an attractive location for property owners. When compared to the median property tax rate in Utah, Provo's rate is also notably lower, offering further appeal to potential residents. The lower tax rate can result in substantial savings on property tax bills, especially when contrasted with the national median property tax bill of $2,400. Understanding these differences can be crucial for property owners looking to optimize their investment and reduce annual expenses.

Property Tax Rates Across Provo, Wasatch County, Utah

Source: Ownwell

0.48%

0.67%

0.86%

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 Provo Tax Rate

0.48%

Median Effective Wasatch County Tax Rate

0.52%

Median Effective Utah Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Provo, Wasatch County, Utah

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
84604	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Provo, Wasatch County, Utah

When examining property taxes in Provo, 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 Wasatch 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 Wasatch County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Provo. For example, the median home price in Provo is $334,675, with tax bills ranging significantly across the county. 84604 has the highest median home price at $334,675.

Property Tax Assessment Values Across Provo, Wasatch County, Utah

Source: Ownwell

$619,000

$990,213

$1,361,426

Median Provo Market Value

$334,675

Median Wasatch County Market Value

$756,305

Median Utah Market Value

$457,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Provo, Wasatch County, Utah

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
84604	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Provo, Wasatch County, Utah

In Provo, located in Wasatch County, Utah, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the home's market value, and the property tax rate is applied to this assessed value to determine the tax bill. Factors that influence the tax bill include the home's value, the local tax rate, and any applicable exemptions or deductions. The median home price in Provo is $334,675, leading to a range of property tax bills. While the national median property tax rate is 1.02%, homeowners in Provo can expect a tax bill around $1,590 to $1,606, which is relatively lower than the national median of $2,400. This can still be a significant expense for homeowners. Ownwell specializes in helping homeowners reduce their property tax bills by identifying possible exemptions and ensuring that the home's assessed value is accurate, potentially saving homeowners hundreds of dollars annually.

Property Tax Bills Across Provo, Wasatch County, Utah

Source: Ownwell

$3,703

$5,432

$7,160

Median Provo Tax Bill

$1,590

Median Wasatch County Tax Bill

$4,768

Median Utah Tax Bill

$2,492

Median United States Tax Bill

$2,400

Property Tax Bills Across Provo, Wasatch County, Utah

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
84604	N/A	N/A	N/A	N/A	N/A

Source: Ownwell