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What to ask about Property Taxes in Northern Utah

moneyOne BIG thing of being a property owner in Northern Utah, is paying property taxes. There are definitely some things to keep in mind when first purchasing your home when it comes to property taxes:

  • Assessed value of the home. This is the value the property taxes are based on. Ask to see the most recent tax records or look online.
  • When was the last reassessment done? How often has it been assessed?
  • Was there any changed in the reassessed home value or the amount of taxes? WILL there be a change in the next tax period?
  • Is there a real discrepancy between this property and surround properties in their assessed value? This may be grounds to appeal the tax value at a lower rate, if it’s a lot lower.
  • Does the current property tax reflect any special exemptions that the new buyer may qualify for?

Once you have purchased your home, you need to know the important tax dates especially to pay your property taxes on time. If your tax payment is escrowed, you don’t have to worry about paying your taxes, your escrow company will take care of it. HOWEVER, you may just want to check to make sure they are paid; sometimes it does happen – payment was not made. If it is, you may want the escrow company to make up for their oversite by immediately paying the tax with any penalty.

If you’re not sure what you should be asking when looking for your new home in the Northern Utah area, we’re here to help!! We can help you every step of the way and make sure you’re asking the right questions and answering those you may not think to ask.

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