Greenville, Utah Property Taxes
The median property tax rate in Greenville, UT is 0.62%, which is higher than the state median of 0.55% but lower than the national median of 0.99%. With a median home value of $354,326, the typical annual property tax bill in Greenville amounts to $2,158, which is below the national median of $2,690. Property taxes in Greenville are calculated based on the assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Greenville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Greenville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenville, Utah Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Greenville Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Greenville. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Greenville to provide an accurate property tax bill estimate. This valuable tool helps you grasp potential tax liabilities and make informed financial decisions. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Greenville, Utah
Property taxes in Greenville, Utah, are crucial in funding essential local services, such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Greenville's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84731 has the highest median property tax rate of 0.62%, while the same zip code also represents the lowest median tax rate of 0.62%. Understanding how these areas compare with Greenville provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenville Tax Rate
0.62%
Average Beaver County Tax Rate
0.57%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84731 | 0.48% | 0.54% | 0.62% | 0.71% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greenville, Utah. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Beaver County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Greenville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in the area is $2,158 in the 84731 zip code. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenville Assessed Value
$354,326
Average Beaver County Assessed Value
$175,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84731 | $332,708 | $340,815 | $354,326 | $367,838 | $375,945 |
Source: Ownwell
Property Tax Bills Across Greenville, Utah
In Greenville, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the market value of the property. Several factors influence the final tax bill, including property size, location, and any improvements made. The median home price in the area is $354,326, which serves as a baseline for tax calculations. Homeowners in Greenville can expect their property tax bills to vary. For instance, the 25th percentile tax bill is $1,933, while the 75th percentile tax bill reaches $2,384. At the 90th percentile, tax bills can go up to $2,519. These figures indicate a range of property tax burdens depending on property value and other assessed factors. When compared to the national median property tax rate of 0.99%, Greenville's property tax rates can be seen as relatively moderate, providing a balanced approach to funding local services without overly burdening homeowners.
Average Greenville Tax Bill
$2,158
Average Beaver County Tax Bill
$1,101
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84731 | $1,798 | $1,933 | $2,158 | $2,384 | $2,519 |
Source: Ownwell