West Valley, Utah Property Taxes
The median property tax rate in West Valley, UT is 0.68%, which is lower than the national median of 0.99% but higher than Utah's state median of 0.55%. With the median home value in West Valley at $433,850, the typical annual property tax bill reaches $2,928, slightly above the national median of $2,690. Property taxes in West Valley are based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of West Valley'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 West Valley 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
West Valley, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$2,950
Ownwell’s WEST VALLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST VALLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST VALLEY 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 West Valley, Utah
Property taxes in West Valley, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Valley is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within West Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Valley 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 West Valley's effective property tax rate to other areas and the national median. For comparison, the 84128 zip code has the highest median property tax rate of 0.68%, while the 84120 zip code has the lowest median tax rate of 0.68%. Understanding how these areas compare with West Valley 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 West Valley Tax Rate
0.68%
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 West Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84119 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| 84120 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| 84128 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across West Valley, Utah
In West Valley, 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 West Valley, 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. The median home price in West Valley is $433,850, with the 25th percentile tax bill at $2,659 and the 75th percentile tax bill at $3,263. The highest median tax bill is $3,249 in zip code 84128, while the lowest median tax bill is $2,645 in zip code 84119. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and find opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average West Valley Assessed Value
$433,850
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 West Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84119 | $371,820 | $381,475 | $388,000 | $397,600 | $407,020 |
| 84120 | $386,060 | $414,000 | $447,700 | $484,700 | $510,780 |
| 84128 | $405,820 | $433,700 | $475,200 | $515,300 | $541,880 |
Source: Ownwell
Property Tax Bills Across West Valley, Utah
In West Valley, located in Salt Lake County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is applied to this assessed value to calculate the annual property tax bill. Factors such as the property's location, size, and market conditions play a significant role in determining its assessed value. For example, the median home price in West Valley is $433,850. Depending on various factors, homeowners in this area can expect their property tax bills to range widely. The 25th percentile tax bill is around $2,659, while the 75th percentile reaches $3,263. The highest median tax bill in the area, found in ZIP code 84128, is $3,249, whereas the lowest, in ZIP code 84119, is $2,645. These variations in property tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, West Valley's property tax rates reflect the unique economic and market conditions of the area.
Average West Valley Tax Bill
$2,928
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 West Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84119 | $2,476 | $2,597 | $2,645 | $2,711 | $2,775 |
| 84120 | $2,627 | $2,787 | $3,050 | $3,282 | $3,442 |
| 84128 | $2,602 | $2,914 | $3,249 | $3,532 | $3,713 |
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 | |