Cleveland, Utah Property Taxes
The median property tax rate in Cleveland, Utah is 0.89%, slightly lower than the national median of 0.99% but significantly higher than the Utah state median of 0.55%. With the median home value in Cleveland at $149,557, the typical annual property tax bill amounts to $1,369, which is below the national median of $2,690. Property taxes in Cleveland 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 Cleveland'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 Cleveland or another part of Emery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleveland, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,331
Ownwell’s Cleveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleveland 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 Cleveland, Utah
Property taxes in Cleveland, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleveland is 0.89%, which is below the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84518 has both the highest and lowest median property tax rate of 0.89%, reflecting the uniformity in tax rates within this region. Understanding how these figures compare with Cleveland provides valuable insights into the varying tax landscape across Emery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
0.89%
Average Emery County Tax Rate
0.91%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84518 | 0.72% | 0.77% | 0.89% | 0.89% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, Utah
In Cleveland, 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 Emery 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 Cleveland, 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 Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1369 in the 84518 zip code, while the lowest median tax bill is also $1369 in the same zip code.
Average Cleveland Assessed Value
$149,557
Average Emery County Assessed Value
$143,069
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84518 | $75,990 | $100,367 | $149,557 | $203,154 | $267,511 |
Source: Ownwell
Property Tax Bills Across Cleveland, Utah
In Cleveland, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as location, property size, and market conditions play a significant role in this assessment. For instance, the median home price in Cleveland is $149,557. Homeowners in the 25th percentile can expect a tax bill around $806, while those in the 75th percentile may see bills up to $1,712. The 90th percentile tax bill reaches $2,128. Compared to the national median property tax rate of 0.99%, Cleveland's rates are competitive, offering some relief to homeowners. However, these taxes still represent a significant expense, impacting household budgets and property affordability. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Cleveland Tax Bill
$1,369
Average Emery County Tax Bill
$1,330
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84518 | $643 | $806 | $1,369 | $1,712 | $2,128 |
Source: Ownwell