What are the estimated yearly taxes for a share of the Utah OSR Land Coop? (I would hope for 0, but then I’d follow with a question about whether this is accepted by Tooele County.)
The Ranch is in Juab County. The annual property tax for the agricultural land is minimal and will be paid by the coop. However, each shareholder will be responsible for the property tax associated with their two acre parcel and the improvements that are made on it. The median property tax in Juab County, Utah is $984 per year for a home worth the median value of $163,300. Juab County collects, on average, 0.6% of a property’s assessed fair market value as property tax.