Garden City, Utah Property Taxes
The median property tax rate in Garden City, UT is 0.42%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Garden City at $397,365, the typical annual property tax bill amounts to $1,679, well below the national median of $2,690. Property taxes in Garden City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Garden City'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 Garden City 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
Garden City, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,669
Ownwell’s Garden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City 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 Garden City, Utah
Property taxes in Garden City, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden City is 0.42%, notably lower than the U.S. national median of 0.99%. Local government entities within Garden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden City 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 Garden City's effective property tax rate to other regions and the national median. For comparison, the zip code 84028 has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Garden City provides valuable insights into the varying tax landscape across Rich County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden City Tax Rate
0.42%
Average Rich County Tax Rate
0.42%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84028 | 0.40% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Garden City, Utah
In Garden City, 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 Rich County Assessor’s Office 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 Garden City, 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 Garden City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Garden City are both $1,679, found in the zip code 84028.
Average Garden City Assessed Value
$397,365
Average Rich County Assessed Value
$407,179
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84028 | $80,000 | $215,242 | $397,365 | $615,083 | $883,005 |
Source: Ownwell
Property Tax Bills Across Garden City, Utah
In Garden City, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Rich County. The median home price in Garden City is $397,365. Homeowners in this area can expect varying tax bills depending on their property's assessed value and the specific rate applied. For example, the tax bill for homes in the 25th percentile is approximately $909, while those in the 75th percentile face a tax bill around $2,493. Homes in the 90th percentile can see tax bills as high as $3,605. These property taxes contribute significantly to local services such as schools, infrastructure, and emergency services, impacting the overall quality of life for residents. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly. Compared to the national median property tax rate of 0.99%, Garden City's rates reflect the local economic conditions and funding requirements.
Average Garden City Tax Bill
$1,679
Average Rich County Tax Bill
$1,679
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84028 | $338 | $909 | $1,679 | $2,493 | $3,605 |
Source: Ownwell