Snowville, Utah Property Taxes
The median property tax rate in Snowville, Utah is 0.46%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Snowville, the typical annual property tax bill reaches $1,162, significantly below the national median of $2,690. Property taxes in Snowville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Snowville'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 Snowville or another part of Box Elder County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Snowville, 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 Snowville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snowville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snowville 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 Snowville, Utah
Property taxes in Snowville, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snowville is 0.46%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Snowville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snowville 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 Snowville's effective property tax rate to other counties in Utah and the national median. For comparison, the 84336 zip code has both the highest and lowest median property tax rate at 0.46%. Understanding how these cities compare with Snowville 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 Snowville Tax Rate
0.46%
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 Snowville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84336 | 0.33% | 0.44% | 0.46% | 0.52% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Snowville, Utah
In Snowville, 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 Assessor 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 Snowville, 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 Snowville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Snowville is $267,648, with the 25th percentile tax bill at $591 and the 75th percentile at $1,754. The highest and lowest median tax bills, both at $1,162, are found in the 84336 zip code.
Average Snowville Assessed Value
$267,648
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 Snowville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84336 | $33,945 | $139,150 | $267,648 | $392,235 | $541,298 |
Source: Ownwell
Property Tax Bills Across Snowville, Utah
In Snowville, Box Elder County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. Various factors influence the assessed value, including the home's size, age, location, and market conditions. For instance, the median home price in Snowville is $267,648, which serves as a baseline for many assessments. Homeowners in Snowville can expect varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is approximately $591, while at the 75th percentile, it rises to $1,754. For those at the 90th percentile, the tax bill can reach up to $2,760. These figures highlight the range of property tax burdens within the community. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Snowville Tax Bill
$1,162
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 Snowville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84336 | $136 | $591 | $1,162 | $1,754 | $2,760 |
Source: Ownwell