Roy, Utah Property Taxes
The median property tax rate in Roy, Utah is 0.62%, which is higher than the state median of 0.55% but still below the national median of 0.99%. With a median home value of $385,000 in Roy, the typical annual property tax bill amounts to $2,357, which is less than the national median of $2,690. Property taxes in Roy are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Roy'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 Roy or another part of Weber County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roy, 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 Roy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roy 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 Roy, Utah
Property taxes in Roy, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roy is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Roy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roy 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 Roy's effective property tax rate to other areas and the national median. For comparison, the zip code 84067 has both the highest and the lowest median property tax rate of 0.62%, reflecting a uniform rate across the city. Understanding how these figures compare with Roy provides valuable insights into the varying tax landscape across Weber County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roy Tax Rate
0.62%
Average Weber County Tax Rate
0.64%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roy, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84067 | 0.56% | 0.61% | 0.62% | 0.63% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Roy, Utah
In Roy, 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 Weber 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 Roy, 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 Roy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Roy's median home price is $385,000, with the 25th percentile tax bill at $2,103 and the 75th percentile at $2,616. The highest and lowest median tax bills are both $2,357 in the zip code 84067.
Average Roy Assessed Value
$385,000
Average Weber County Assessed Value
$413,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roy, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84067 | $310,000 | $348,000 | $385,000 | $425,000 | $481,000 |
Source: Ownwell
Property Tax Bills Across Roy, Utah
In Roy, located in Weber County, UT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Roy is $385,000. Homeowners in this area can expect their property tax bills to vary within certain ranges. The 25th percentile tax bill is approximately $2,103, while the 75th percentile tax bill is around $2,616. For those at the higher end, the 90th percentile tax bill reaches up to $2,964. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, market conditions, and local government budgets can influence this assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Roy experience tax bills that reflect the specific economic and regulatory environment of Weber County. These property taxes contribute to local services such as schools, public safety, and infrastructure, directly affecting the quality of life for residents.
Average Roy Tax Bill
$2,357
Average Weber County Tax Bill
$2,637
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Roy, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84067 | $1,652 | $2,103 | $2,357 | $2,616 | $2,964 |
Source: Ownwell