Wendover, Utah Property Taxes
The median property tax rate in Wendover, UT is 0.61%, which is lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Wendover, the typical annual property tax bill reaches $936, significantly below the national median of $2,690. Property taxes in Wendover are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wendover'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 Wendover 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
Wendover, Utah Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Wendover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wendover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wendover 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 Wendover, Utah
Property taxes in Wendover, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wendover is 0.61%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Wendover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wendover 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 Wendover's effective property tax rate to other areas in Tooele County and the national median. For comparison, the 84083 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Wendover provides valuable insights into the varying tax landscape across Tooele County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wendover Tax Rate
0.61%
Average Tooele County Tax Rate
0.59%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wendover, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84083 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Wendover, Utah
In Wendover, 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 Tooele 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 Wendover, 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 Wendover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wendover both stand at $936 in the 84083 zip code, reflecting the localized nature of property tax assessments.
Average Wendover Assessed Value
$156,552
Average Tooele County Assessed Value
$428,538
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wendover, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84083 | $76,574 | $99,413 | $156,552 | $264,126 | $390,393 |
Source: Ownwell
Property Tax Bills Across Wendover, Utah
Property tax bills in Wendover, Tooele County, Utah are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, its market value, and any applicable exemptions or deductions. Wendover's median home price stands at $156,552, and property tax bills can vary widely. For instance, the tax bill at the 25th percentile is $610, while at the 75th percentile, it rises to $1,596. At the 90th percentile, homeowners could see a tax bill as high as $2,392. These property tax bills directly impact homeowners by contributing to the overall cost of owning a home. In comparison to the national median property tax rate of 0.99%, Wendover's property tax rates can offer a relatively affordable option for homeowners, depending on the assessed value and specific tax rates applied.
Average Wendover Tax Bill
$936
Average Tooele County Tax Bill
$2,475
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Wendover, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84083 | $427 | $610 | $936 | $1,596 | $2,392 |
Source: Ownwell