With a 4.65% top income tax rate and 0.58% property tax, Utah homeowners face a moderate combined tax burden. This calculator is pre-filled with Utah numbers: $485,000 median price, 0.58% property tax, $1,100/year insurance.
Last updated: March 13, 2026
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Monthly Payment (Utah)$0
Loan Details — Utah
Utah median: $485,000
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Below 20% triggers PMI on conventional loans
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Average 30-year fixed ~6.75% (March 2026)
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Utah average: 0.58%
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Utah average: $1,100/yr
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Utah Metro Area Home Prices
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Utah's Tax Landscape and Your Mortgage
Utah levies a flat 4.65% income tax on all taxable income. A household earning $150,000 pays approximately $5,231 in state income tax, which reduces the amount available for monthly mortgage payments by roughly $436/month.
At the state's median home price of $485,000, the $0.58% property tax rate adds $234/month to your mortgage payment. That's $2,813/year — below the national median of ~1.1%.
Property Taxes Across Utah
The 0.58% statewide average masks significant variation. 45% primary residence exemption makes effective property tax rate very low (~0.58% effective vs ~1.05% nominal)
Price ranges across the state: Salt Lake City has a median of $530,000, while Ogden sits at $400,000 — a $130,000 gap that dramatically changes your monthly payment. At $0.58% property tax, that price difference alone means $63/month more in property tax in Salt Lake City.
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Homebuyer Programs and Exemptions
Utah offers several programs for homebuyers:
UHC FirstHome Loan with competitive rates
Score program with down payment assistance up to 6%
Homestead exemption: Primary residence assessed at 55% of market value (45% exemption) — one of the most valuable automatic exemptions nationally
Utah-Specific Considerations
45% primary residence exemption makes effective property tax rate very low (~0.58% effective vs ~1.05% nominal)
Flat 4.65% income tax (earmarked for education)
Salt Lake City metro has seen rapid price appreciation — prices roughly doubled 2018-2024
Large household sizes (cultural demographics) affect home size requirements and affordability
Property tax rates vary by county — Salt Lake County averages ~0.7%, while Summit County (Park City) can exceed 0.6% on much higher assessed values
Compare Utah Mortgage Rates
See personalized rates from Utah lenders. LendingTree matches you with up to 5 offers so you can compare and save.
0.39% property tax, 5% top rate. Median home: $232,500.
Alaska Mortgage Calculator
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1.04% property tax, no income tax. Median home: $340,000.
Arizona Mortgage Calculator
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0.62% property tax, 2.5% top rate. Median home: $395,000.
Frequently Asked Questions
What is the average property tax rate in Utah?
The average effective property tax rate in Utah is 0.58%. On a $485,000 home (the state median), that works out to approximately $2,813/year or $234/month added to your mortgage payment. Property tax rates vary by county and school district within Utah — always check your specific jurisdiction's rate. Homestead exemption: Primary residence assessed at 55% of market value (45% exemption) — one of the most valuable automatic exemptions nationally
How much does homeowners insurance cost in Utah?
The average annual homeowners insurance premium in Utah is approximately $1,100 ($92/month). This is below the national average of approximately $1,500/year. Actual premiums depend on your home's location, age, construction type, and coverage limits.
What first-time homebuyer programs are available in Utah?
UHC FirstHome Loan with competitive rates. Score program with down payment assistance up to 6%. These programs typically have income limits, purchase price caps, and may require homebuyer education courses. Check the Utah housing finance agency website for current eligibility requirements and application deadlines.
How does Utah's 4.65% income tax affect home affordability?
Utah's top income tax rate of 4.65% reduces your take-home pay, which affects how much mortgage you can comfortably carry. On a $150,000 salary, state income tax takes roughly $4,534-$5,929/year (effective rate is lower than the top marginal rate). The tradeoff: Utah's relatively low 0.58% property tax rate keeps the housing-specific portion of your tax burden lower. Use our paycheck calculator to see your exact take-home pay.
What is the conforming loan limit in Utah?
The 2026 conforming loan limit in Utah is $806,500. Loans above this amount are considered jumbo loans and typically carry higher interest rates (0.25-0.5% premium), require larger down payments (10-20%), and have stricter qualification requirements including higher credit scores (700+) and lower debt-to-income ratios.
This calculator is for educational purposes. Tax rates and insurance costs are based on Utah state averages and may not reflect your specific county, school district, or municipality. Consult a financial professional for advice specific to your situation.