Howell, Utah Property Taxes
The median property tax rate in Howell, Utah is 0.45%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Howell, the typical annual property tax bill reaches $1,342, which is well below the national median of $2,690. Property taxes in Howell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Howell'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 Howell or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howell, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$1,423
Ownwell’s Howell Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Howell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howell to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Howell, Utah
Property taxes in Howell, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howell is 0.45%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Howell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howell 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 Howell's effective property tax rate to other counties in Utah and the national median. For comparison, the 84316 zip code has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Howell provides valuable insights into the varying tax landscape across Box Elder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Howell Tax Rate
0.45%
Average Box Elder County Tax Rate
0.49%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howell, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84316 | 0.24% | 0.43% | 0.45% | 0.46% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Howell, Utah
In Howell, Utah, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Box Elder 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 Howell, 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. Being aware of these valuation processes in Howell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Howell is $1342 in the 84316 zip code, which is also the lowest median tax bill, providing a consistent point of reference for residents.
Average Howell Assessed Value
$316,191
Average Box Elder County Assessed Value
$420,318
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howell, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84316 | $120,598 | $224,260 | $316,191 | $388,147 | $523,548 |
Source: Ownwell
Property Tax Bills Across Howell, Utah
In Howell, located in Box Elder County, Utah, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Several factors influence the assessed value, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Howell, the median home price is $316,191. The property tax bills vary widely, with the 25th percentile at $919 and the 75th percentile reaching $1,736. Those in the 90th percentile face tax bills as high as $2,163. These figures illustrate how property taxes can significantly impact homeowners' annual expenses. When compared to the national median property tax rate of 0.99%, Howell's tax rates indicate a relatively moderate burden on property owners, providing some financial relief while still supporting local services and infrastructure.
Average Howell Tax Bill
$1,342
Average Box Elder County Tax Bill
$1,988
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Howell, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84316 | $282 | $919 | $1,342 | $1,736 | $2,163 |
Source: Ownwell