Clearfield, Utah Property Taxes
The median property tax rate in Clearfield, UT is 0.58%, slightly higher than the state median of 0.55% but still lower than the national median of 0.99%. With the median home value in Clearfield at $378,000, the typical annual property tax bill reaches $2,173, which is below the national median of $2,690. Property taxes in Clearfield are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Clearfield'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 Clearfield 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
Clearfield, 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 Clearfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearfield 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 Clearfield, Utah
Property taxes in Clearfield, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearfield is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Clearfield set these rates annually, and they can vary across different neighborhoods. Each year, Clearfield estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total assessed 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 Clearfield's effective property tax rate to other areas in Davis County and the national median. For comparison, the zip code 84015 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Clearfield provides valuable insights into the varying tax landscape across Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearfield Tax Rate
0.58%
Average Davis County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearfield, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84015 | 0.56% | 0.56% | 0.58% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Clearfield, Utah
In Clearfield, 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 Davis 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 Clearfield, 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 Clearfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2173, found in the 84015 zip code.
Average Clearfield Assessed Value
$378,000
Average Davis County Assessed Value
$472,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearfield, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84015 | $282,000 | $329,000 | $378,000 | $462,000 | $553,000 |
Source: Ownwell
Property Tax Bills Across Clearfield, Utah
In Clearfield, property tax bills are calculated based on the assessed value of a home, which is determined by the Davis County Assessor's Office. This assessed value is a percentage of the home's market value. The median home price in Clearfield is $378,000, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors are considered, including the property's location, size, and any improvements or modifications made to the home. Homeowners in Clearfield can expect their tax bills to vary. For instance, the tax bill at the 25th percentile is approximately $1,876, while at the 75th percentile, it rises to about $2,639. The 90th percentile sees tax bills reaching around $3,159. Comparatively, the highest and lowest median tax bills in the area are both $2,173, indicating a relatively consistent tax environment within the 84015 zip code. These property taxes directly impact homeowners by influencing their overall housing costs and affordability.
Average Clearfield Tax Bill
$2,173
Average Davis County Tax Bill
$2,654
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearfield, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84015 | $1,569 | $1,876 | $2,173 | $2,639 | $3,159 |
Source: Ownwell