Whiterocks, Utah Property Taxes
The median property tax rate in Whiterocks, UT is 0.56%, slightly above the Utah state median of 0.55% but still below the national median of 0.99%. With a median home value of $968,200, the typical annual property tax bill in Whiterocks reaches $5,404, significantly higher than the national median of $2,690. Property taxes in Whiterocks are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Whiterocks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Whiterocks or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whiterocks, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$5,422
Ownwell’s Whiterocks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whiterocks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whiterocks 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 Whiterocks, Utah
Property taxes in Whiterocks, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whiterocks is 0.56%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Whiterocks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whiterocks 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 Whiterocks' effective property tax rate to other counties in Utah and the national median. For comparison, the 84085 zip code has the highest median property tax rate of 0.56%, while the 84085 zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Whiterocks 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 Whiterocks Tax Rate
0.56%
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 Whiterocks, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84085 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Whiterocks, Utah
In Whiterocks, 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 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. Assessment notices in Whiterocks 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 Whiterocks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Whiterocks are both $5404, with the zip code 84085.
Average Whiterocks Assessed Value
$968,200
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 Whiterocks, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84085 | $968,200 | $968,200 | $968,200 | $968,200 | $968,200 |
Source: Ownwell
Property Tax Bills Across Whiterocks, Utah
In Whiterocks, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate set by various taxing authorities, such as the county, school districts, and other local entities. For homeowners in Whiterocks, the median home price stands at $968,200. The property tax rate in Whiterocks is consistent with the national median, resulting in a median tax bill of $5,404. This figure remains the same across different percentiles, indicating a stable tax environment within the city. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, subsequently affecting the tax bill. Homeowners should be aware that their property taxes fund essential services like public education, infrastructure, and emergency services. Despite the higher median home price, the property tax rate ensures that residents contribute fairly to the community's well-being.
Average Whiterocks Tax Bill
$5,404
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 Whiterocks, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84085 | $5,404 | $5,404 | $5,404 | $5,404 | $5,404 |
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 | |