Fillmore, Utah Property Taxes
The median property tax rate in Fillmore, UT is 0.55%, which matches the Utah state median but remains significantly lower than the national median of 0.99%. With the median home value in Fillmore at $289,886, the typical annual property tax bill amounts to $1,655, well below the national median of $2,690. Property taxes in Fillmore are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Fillmore'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 Fillmore 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
Fillmore, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,594
Ownwell’s Fillmore Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fillmore with just two data inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fillmore to project your property tax bill. This invaluable tool provides a clear understanding of potential tax liabilities. For those interested in more granular trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Fillmore, Utah
Property taxes in Fillmore, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fillmore is 0.55%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Fillmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fillmore 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 Fillmore's effective property tax rate to other counties in Utah and the national median. For comparison, the 84631 zip code has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Fillmore provides valuable insights into the varying tax landscape across Millard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fillmore Tax Rate
0.55%
Average Millard County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fillmore, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84631 | 0.47% | 0.55% | 0.55% | 0.56% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Fillmore, Utah
In Fillmore, 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 Millard 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 Fillmore, 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 Fillmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fillmore are both $1,655, found in zip code 84631.
Average Fillmore Assessed Value
$289,886
Average Millard County Assessed Value
$272,297
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fillmore, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84631 | $164,283 | $212,219 | $289,886 | $412,021 | $564,042 |
Source: Ownwell
Property Tax Bills Across Fillmore, Utah
In Fillmore, located in Millard County, UT, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Fillmore, the median home price is $289,886. Property tax bills vary significantly, with those in the 25th percentile paying around $1,130 annually, while those in the 75th percentile see bills closer to $2,455. At the 90th percentile, homeowners can expect to pay approximately $3,534 in property taxes each year. These tax bills are influenced by various factors, including property location, improvements, and local government budgets. For instance, Fillmore's highest and lowest median tax bills are both recorded at $1,655 in the 84631 zip code. Understanding how these elements interplay helps homeowners anticipate their financial obligations and plan accordingly. Comparing these figures to the national median property tax rate of 0.99%, it becomes evident how local rates and home values impact overall tax burdens.
Average Fillmore Tax Bill
$1,655
Average Millard County Tax Bill
$1,608
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Fillmore, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84631 | $745 | $1,130 | $1,655 | $2,455 | $3,534 |
Source: Ownwell