Vernal, Utah Property Taxes
The median property tax rate in Vernal, UT is 1.10%, higher than both the national median of 0.99% and Utah's state median of 0.55%. With the median home value in Vernal at $107,452, the typical annual property tax bill reaches $1,175, still below the national median of $2,690. Property taxes in Vernal are calculated based on the assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Vernal'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 Vernal or another part of Uintah County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vernal, 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 Vernal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vernal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vernal 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 Uintah County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Vernal, Utah
Property taxes in Vernal, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vernal is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Vernal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vernal 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 Vernal's effective property tax rate to other areas in Uintah County and the national median. For comparison, 84035 in Uintah County has the highest median property tax rate of 1.24%, while 84078 has the lowest median tax rate of 1.10%. Understanding how these areas compare with Vernal provides valuable insights into the varying tax landscape across Uintah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vernal Tax Rate
1.10%
Average Uintah County Tax Rate
1.10%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vernal, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84035 | 1.15% | 1.18% | 1.24% | 1.39% | 1.48% |
| 84078 | 0.95% | 1.04% | 1.10% | 1.14% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Vernal, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Vernal, Utah. 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 Uintah 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 Vernal, 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. For instance, the highest median tax bill is $1,175 in the 84078 zip code, while the lowest is $963 in the 84035 zip code. 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 Vernal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vernal Assessed Value
$107,452
Average Uintah County Assessed Value
$104,634
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vernal, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84035 | $36,543 | $54,902 | $85,501 | $119,776 | $140,340 |
| 84078 | $37,502 | $79,847 | $107,453 | $140,337 | $190,445 |
Source: Ownwell
Property Tax Bills Across Vernal, Utah
In Vernal, located in Uintah County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Vernal can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $886, while the 75th percentile tax bill reaches up to $1,550. At the 90th percentile, tax bills can be as high as $2,088. Several factors influence these variations, including the property's location within different zip codes. For instance, the highest median tax bill in Vernal is $1,175 in the 84078 zip code, while the lowest median tax bill is $963 in the 84035 zip code. These tax rates are relatively lower compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Vernal Tax Bill
$1,175
Average Uintah County Tax Bill
$1,143
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Vernal, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84035 | $493 | $669 | $963 | $1,433 | $1,715 |
| 84078 | $374 | $886 | $1,175 | $1,550 | $2,089 |
Source: Ownwell