Woodland Hills, Utah Property Taxes
The median property tax rate in Woodland Hills, UT is 0.66%, which is higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Woodland Hills at $768,800, the typical annual property tax bill reaches $5,160, significantly exceeding the national median of $2,690. Property taxes in Woodland Hills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Woodland Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Woodland Hills 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
Woodland Hills, 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 Woodland Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodland Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodland Hills 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 Woodland Hills, Utah
Property taxes in Woodland Hills, Utah, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Woodland Hills stands at 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Woodland Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodland Hills 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 Woodland Hills' effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84653 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Woodland Hills provides valuable insights into the varying tax landscape across Utah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Woodland Hills Tax Rate
0.66%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodland Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84653 | 0.66% | 0.66% | 0.66% | 0.69% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Woodland Hills, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Woodland Hills, 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 Utah 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 Woodland Hills, 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 example, the 25th percentile tax bill is $4,483, while the 75th percentile tax bill is $6,386. 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 Woodland Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Woodland Hills Assessed Value
$768,800
Average Utah County Assessed Value
$478,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Woodland Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84653 | $606,240 | $674,250 | $768,800 | $951,150 | $1,281,640 |
Source: Ownwell
Property Tax Bills Across Woodland Hills, Utah
In Woodland Hills, Utah, 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 property tax rate to determine the annual tax bill. The median home price in Woodland Hills is $768,800, and property tax rates can vary, leading to different tax burdens for homeowners. Several factors influence the tax bill, including the assessed value of the property, any applicable exemptions, and the local tax rate. For example, the tax bill for the 25th percentile is $4,483, while for the 75th percentile, it rises to $6,386. Homeowners in the 90th percentile can expect to pay as much as $8,549 annually. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Woodland Hills homeowners experience a range of property tax burdens, reflecting the diverse property values and tax rates within the region.
Average Woodland Hills Tax Bill
$5,160
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodland Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84653 | $3,991 | $4,483 | $5,160 | $6,386 | $8,549 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Utah Tax Assessor | |
| Phone | (801) 851-8109 |
| Website | www.utahcounty.gov |