Payson recorded a median commercial property tax rate of 1% for fiscal year 2025, the highest rate among Utah County cities, data from BlockShopper.com shows.
The countywide median was 0.9% in fiscal year 2025, putting Payson 0.1 percentage points higher than the overall county figure.
Six other cities in Utah County, such as Mapleton and Provo, posted the same 0.9% median commercial property tax rate that year.
Out of 14 cities in Utah County, commercial property tax rates ranged from 0.8% in Highland up to 1% in Mapleton.
For fiscal year 2024, Payson’s median commercial property tax rate was 1%, ranking it second highest in the county that year.
The average commercial property tax rate in 53 major U.S. cities was 1.76% in 2024, a Lincoln Institute of Land Policy analysis found. The study calculated that a property assessed at $1 million with $200,000 in fixtures would have an annual tax bill of roughly $21,060. Commercial property tax rates varied, ranging from well below 1% to as high as 4%, depending on the city.
Numerous states use classification systems that can leave commercial, industrial, and apartment properties with higher effective tax rates compared to residential properties. In some areas, business property is taxed at rates several times greater than residential. For instance, the rate in Charleston can be approximately six times higher than for homes.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Mapleton | 1% |
| 1 | Provo | 1% |
| 1 | Santaquin | 1% |
| 1 | Salem | 1% |
| 1 | Payson | 1% |
| 1 | Springville | 1% |
| 1 | Spanish Fork | 1% |
| 8 | American Fork | 0.9% |
| 8 | Pleasant Grove | 0.9% |
| 8 | Lehi | 0.9% |
| 11 | Saratoga Springs | 0.8% |
| 11 | Orem | 0.8% |
| 11 | Lindon | 0.8% |
| 11 | Highland | 0.8% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 745 S Highway 198 | 1% |
| 1 | N/A | 1% |
| 1 | 785 E. 100 N. | 1% |
| 1 | N/A | 1% |
| 1 | 122 W. 900 N. | 1% |
Note: Some property addresses may be incomplete or missing due to limitations in county assessor data.
Information in this article was sourced from BlockShopper.com. The original data is available here.