Utah housing costs at a glance
| Utah | |
|---|---|
| Median home value (Zillow) | $540,000 |
| Average effective property tax | 0.45% |
| Typical rate for a new buyer (calculator default) | 0.5% |
| Average homeowners insurance ($300k dwelling) | $1,524 a year |
| 2026 conforming loan limit (one unit) | $832,750 in most counties; higher in a few high-cost counties such as Summit County (Park City) – check the FHFA table |
Example: median-priced home
Utah home for $540,000, 20% down, 6.5% 30-year fixed: principal and interest $2,731 + property tax $225 + insurance $127 = about $3,083 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Utah property tax
Utah taxes a primary residence on only 55% of its market value: the other 45% is exempt. Combined with Utah's truth-in-taxation rules, which require public hearings before local governments collect more revenue, this keeps the average effective rate low, about 0.45%. A second home or rental pays tax on its full value, so make sure the county records the home as your primary residence.
Other Utah costs
- No transfer tax: Utah does not tax real estate transfers, and sale prices are not publicly disclosed.
- Insurance: about $1,520 a year on average; earthquake coverage along the Wasatch Front is extra.
- See also the Utah paycheck calculator for the 4.45% income tax.
Other states
See also the Utah paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the Utah primary residential exemption?
45% of the market value of your primary home is exempt from property tax, so you are taxed on 55% of its value.
What is the monthly payment on a median-priced Utah home?
On a $540,000 home with 20% down at 6.5%, principal and interest are about $2,731; with property tax at 0.5% and average insurance the total is about $3,083 a month.
Does Utah have a transfer tax?
No. Utah charges no real estate transfer tax.
What is the property tax rate in Utah?
About 0.45% of market value on average for owner-occupied homes.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Utah State Tax Commission – property tax
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026