Circleville, Utah Property Taxes
The median property tax rate in Circleville, UT is 0.86%, 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 Circleville at $60,588, the typical annual property tax bill is $620, which is below the national median of $2,690. Property taxes in Circleville are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Circleville'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 Circleville 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
Circleville, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$521
Ownwell’s Circleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Circleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Circleville 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 Circleville, Utah
Property taxes in Circleville, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Circleville is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Circleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Circleville 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 Circleville's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84723 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Circleville provides valuable insights into the varying tax landscape across Piute County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Circleville Tax Rate
0.86%
Average Piute County Tax Rate
0.84%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Circleville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84723 | 0.57% | 0.57% | 0.86% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Circleville, Utah
In Circleville, 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 Piute 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 Circleville, 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 Circleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Circleville is 84723, with a median tax bill of $620.
Average Circleville Assessed Value
$60,588
Average Piute County Assessed Value
$99,258
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Circleville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84723 | $26,728 | $44,666 | $60,588 | $141,846 | $352,895 |
Source: Ownwell
Property Tax Bills Across Circleville, Utah
In Circleville, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Circleville is $60,588. Property taxes are then applied to the assessed value using the county's tax rate. For homeowners, the tax bill can vary significantly. For example, the 25th percentile tax bill is $372, while the 75th percentile tax bill is $1,302, and the 90th percentile tax bill reaches $2,054. Several factors influence these amounts, including the home's assessed value, applicable exemptions, and the specific tax rate set by local authorities. Compared to the national median property tax rate of 0.99%, Circleville's rates can be seen as relatively moderate, but they still represent a notable expense for homeowners. This variability means that understanding and potentially appealing property assessments can be crucial for homeowners looking to manage their annual tax bills effectively.
Average Circleville Tax Bill
$620
Average Piute County Tax Bill
$710
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Circleville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84723 | $250 | $372 | $620 | $1,302 | $2,054 |
Source: Ownwell