Everyone knows Wasatch County has lower taxes than Summit County. Almost nobody has run the actual number on their specific purchase. Run it.
The rate difference
Summit County's total property tax rate runs approximately 0.55%–0.70% of assessed value. Wasatch County runs approximately 0.40%–0.55%.
On a $500K parcel: $750–$1,000/year difference. On a $2M club community home: $3,000–$4,000/year. On a $5M property: over $7,500 annually.
"Over a 10-year hold, the tax rate difference between a comparable Promontory and Tuhaye property can exceed $40,000."
Club communities: where it matters most
A $1.5M lot in Promontory (Summit County, ~0.62%) carries ~$9,300/year in taxes. A $1.5M lot in Tuhaye (Wasatch County, ~0.47%) carries ~$7,050. The $2,250 annual difference compounds to ~$31,000 over 10 years.
Purchase price × 0.006 (Summit) or × 0.0045 (Wasatch) × hold period in years = rough total tax cost difference.
Questions about Wasatch Back land?
Talk to a local agent who knows Summit and Wasatch County land specifically.
Talk to a Land Agent