Tremonton, Utah Property Taxes
The median property tax rate in Tremonton, UT is 0.49%, which is significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Tremonton at $418,068, the typical annual property tax bill is $1,926, well below the national median of $2,690. Property taxes in Tremonton are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tremonton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Tremonton or another part of Box Elder County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tremonton, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$2,049
Ownwell’s Tremonton Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Tremonton using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Tremonton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, giving you a clearer financial picture. For those interested in more granular trends, scroll down for localized information. Your property’s assessed value is the figure assigned by Box Elder County for property tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Tremonton, Utah
Property taxes in Tremonton, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tremonton is 0.49%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Tremonton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tremonton 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 Tremonton's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84337 has both the highest and the lowest median property tax rate of 0.49%. Understanding how these cities compare with Tremonton 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 Tremonton Tax Rate
0.49%
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 Tremonton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84337 | 0.34% | 0.42% | 0.49% | 0.53% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Tremonton, Utah
In Tremonton, Utah, understanding the difference between "market value" and "assessed value" is essential 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 Tremonton, 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 Tremonton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Tremonton is $418,068, with tax bills ranging from $1,494 at the 25th percentile to $3,129 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,926, found in the 84337 zip code.
Average Tremonton Assessed Value
$418,068
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 Tremonton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84337 | $272,820 | $335,134 | $418,068 | $539,968 | $672,660 |
Source: Ownwell
Property Tax Bills Across Tremonton, Utah
In Tremonton, located in Box Elder County, UT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in this area see a range of property tax bills. For instance, the 25th percentile tax bill is $1,494, while the 75th percentile tax bill reaches $2,452. The 90th percentile tax bill can go up to $3,129. The median home price in Tremonton stands at $418,068, which plays a significant role in determining the tax amount. Factors that influence the tax bill include the local tax rate and the assessed value of the property. With the national median property tax rate at 0.99%, homeowners in Tremonton may find their tax obligations vary depending on these assessments. These tax bills directly impact homeowners by influencing their overall housing costs, potentially affecting affordability and long-term financial planning. In Tremonton, the highest and lowest median tax bills both stand at $1,926, reflecting consistency within the specific zip code 84337.
Average Tremonton Tax Bill
$1,926
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 Tremonton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84337 | $1,134 | $1,494 | $1,926 | $2,452 | $3,129 |
Source: Ownwell