84097 Property Tax Rate

Property owners in ZIP code 84097 (Orem, Utah) pay a median of $2,116/year in property taxes on homes valued at $506,900. This translates to an effective tax rate of 0.42%, which is 16% below the Utah state average of 0.50%.

The monthly property tax burden for a median-valued home in 84097 is approximately $176, which factors into escrow payments on mortgages. This ZIP code is located within Utah County. This is $215 more than the Utah average of $1,901/year.

Compared to similar ZIP codes in Utah, 84097 has higher property taxes. ZIP codes with similar effective rates include 84783 (0.42%) and 84723 (0.41%).

In Orem, property taxes represent approximately 2.2% of the median household income of $97,034, providing context for the relative tax burden on homeowners in this area.

Utah reassesses property to 100% of market value at sale with no annual growth cap thereafter, so your property taxes will be recalculated based on purchase price. Utah County allows a Homeowner Exemption ($32,350 off assessed value for primary residences) — file the exemption application with the Utah County Assessor within 30 days of closing or by April 15 of the tax year following purchase. Submit your exemption claim to the Utah County Assessor's office and request a copy of your Notice of Assessment to verify the exemption was applied.