Orem, UT — income, home value, property tax, and sales tax.
In ZIP code 84601, which takes in part of Orem, homes carry a median value of $403,500 while the county-level effective property tax rate sits at 0.44%. That rate works out to roughly $1,775 a year in property taxes on a median-valued home. With median household income at $67,207 and per-capita income of $29,682, the tax bill equals about 2.6% of a household's annual earnings. A combined sales tax rate of 7.45% applies to purchases in the area, adding another cost on top of housing.
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