Stockton, Utah Property Taxes
The median property tax rate in Stockton, Utah is 0.59%, slightly higher than the state median of 0.55% but lower than the national median of 0.99%. With a median home value of $208,700, the typical annual property tax bill in Stockton is $1,232, which is below the national median of $2,690. Property taxes in Stockton are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Stockton'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 Stockton 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
Stockton, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,231
Ownwell’s Stockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockton 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 Stockton, Utah
Property taxes in Stockton, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockton is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Stockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockton 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 Stockton's effective property tax rate to other areas in Utah and the national median. For comparison, the 84071 zip code has both the highest and lowest median property tax rate of 0.59%. Understanding how these areas compare with Stockton provides valuable insights into the varying tax landscape across Salt Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stockton Tax Rate
0.59%
Average Salt Lake County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84071 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Stockton, Utah
In Stockton, 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 Salt Lake 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 Stockton, 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 Stockton 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 is 84071 with a tax bill of $1,232, while the lowest median tax bill is also in the same zip code at $1,232.
Average Stockton Assessed Value
$208,700
Average Salt Lake County Assessed Value
$475,200
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stockton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84071 | $208,700 | $208,700 | $208,700 | $208,700 | $208,700 |
Source: Ownwell
Property Tax Bills Across Stockton, Utah
In Stockton, located in Salt Lake County, Utah, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Stockton, the median home price is $208,700, and the property tax bill at various percentiles (25th, 75th, and 90th) is consistently $1,232. These property taxes are used to fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Stockton homeowners experience a relatively stable tax bill. Understanding how these taxes are calculated and their implications can help homeowners budget effectively and appreciate the value they receive in community services.
Average Stockton Tax Bill
$1,232
Average Salt Lake County Tax Bill
$2,800
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84071 | $1,232 | $1,232 | $1,232 | $1,232 | $1,232 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Salt Lake Tax Assessor | |
| Phone | (385) 468-7200 |
| Website | slco.org |
| propertytaxappeals@slco.org | |