84098 Property Tax Rate

Property owners in ZIP code 84098 (Park City, Utah) pay a median of $4,028/year in property taxes on homes valued at $1,117,700. This translates to an effective tax rate of 0.36%, which is 28% below the Utah state average of 0.50%.

The monthly property tax burden for a median-valued home in 84098 is approximately $336, which factors into escrow payments on mortgages. This ZIP code is located within Summit County. This is $2,127 more than the Utah average of $1,901/year.

Compared to similar ZIP codes in Utah, 84098 has lower property taxes. ZIP codes with similar effective rates include 84017 (0.36%) and 84759 (0.36%).

In Park City, property taxes represent approximately 2.4% of the median household income of $171,151, providing context for the relative tax burden on homeowners in this area.

Utah has no statewide cap on annual assessment increases; Summit County will reassess your property at current market value upon purchase, establishing a new tax basis. Utah offers no statewide homestead exemption, but Summit County provides property tax relief programs for seniors and certain disabled persons — contact the Summit County Assessor's office to determine your eligibility and file an application if you qualify. Request information on any local exemptions or deferrals available in your district.