Wellington, Utah Property Taxes
The median property tax rate in Wellington, Utah is 0.64%, slightly higher than the state median of 0.55% but still below the national median of 0.99%. With a median home value of $77,706, the typical annual property tax bill in Wellington is $546, significantly lower than the national median of $2,690. Property taxes in Wellington are calculated based on the tax assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural use. Understanding Wellington'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 Wellington or another part of Carbon County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wellington, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$497
Ownwell’s Wellington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wellington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellington to provide an estimate of 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 Wellington, Utah
Property taxes in Wellington, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellington is 0.64%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Wellington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellington 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 Wellington's effective property tax rate to other counties in Utah and the national median. For comparison, the 84542 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Wellington provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wellington Tax Rate
0.64%
Average Carbon County Tax Rate
0.64%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wellington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84542 | 0.64% | 0.64% | 0.64% | 0.64% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Wellington, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wellington, 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 Carbon 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 Wellington, 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. Wellington's median home price is $77,706, with tax bills ranging from $485 at the 25th percentile to $661 at the 75th percentile. The zip code 84542 has both the highest and lowest median tax bill at $546. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wellington Assessed Value
$77,706
Average Carbon County Assessed Value
$103,550
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wellington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84542 | $44,205 | $54,820 | $77,706 | $103,550 | $103,550 |
Source: Ownwell
Property Tax Bills Across Wellington, Utah
In Wellington, property tax bills are calculated based on the assessed value of your home, which is determined by the local county assessor in Carbon County. The assessed value is a percentage of the market value of your property, reflecting its worth in the current real estate market. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Wellington, the median home price is $77,706, and the property tax rate is in line with the national median of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For example, the 25th percentile of tax bills in Wellington is $485, while the 75th percentile reaches $661. These figures indicate a range of tax liabilities that can impact homeowners differently based on their property’s assessed value. Understanding these components helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Wellington Tax Bill
$546
Average Carbon County Tax Bill
$661
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Wellington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84542 | $329 | $485 | $546 | $661 | $661 |
Source: Ownwell