Washington, Utah Property Taxes
The median property tax rate in Washington, UT is 0.40%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $524,300 in Washington, the typical annual property tax bill amounts to $2,203, which is below the national median of $2,690. Property taxes in Washington are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Washington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Washington 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
Washington, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$2,097
Ownwell’s Washington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washington 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 Washington, Utah
Property taxes in WASHINGTON, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in WASHINGTON is 0.40%, which is significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within WASHINGTON set these rates annually, and they can vary significantly across different neighborhoods. Each year, WASHINGTON 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 WASHINGTON's effective property tax rate to other counties in Utah and the national median. For comparison, the highest median property tax rate in Utah is 0.75%, while the lowest median tax rate is 0.15%. Understanding how these cities compare with WASHINGTON provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Washington Tax Rate
0.40%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84780 | 0.32% | 0.37% | 0.40% | 0.48% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Washington, Utah
In Washington, 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 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. Assessment notices in Washington 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Washington is $2203 in the 84780 zip code, while the lowest median tax bill is also $2203 in the same zip code.
Average Washington Assessed Value
$524,300
Average Washington County Assessed Value
$457,600
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84780 | $256,300 | $387,200 | $524,300 | $690,100 | $866,500 |
Source: Ownwell
Property Tax Bills Across Washington, Utah
In Washington, 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 then multiplied by the local tax rate to determine the annual property tax bill. For instance, in Washington County, the median home price is $524,300. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $1,467 and the 75th percentile at $3,074. The 90th percentile tax bill can go as high as $4,337. These variations depend on multiple factors, including the home's location within the county, any applicable exemptions, and the specific tax rate applied. The highest and lowest median tax bills in the area are both $2,203, indicating a relatively consistent tax rate within the zip code 84780. Compared to the national median property tax rate of 0.99%, Washington, UT, offers a competitive rate that can impact homeowners' financial planning and overall cost of living.
Average Washington Tax Bill
$2,203
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84780 | $870 | $1,467 | $2,203 | $3,074 | $4,337 |
Source: Ownwell