Beaver, Utah Property Taxes
The median property tax rate in Beaver, UT is 0.45%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $276,461 in Beaver, the typical annual property tax bill is $1,516, which is well below the national median of $2,690. Property taxes in Beaver are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Beaver'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 Beaver 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
Beaver, 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 Beaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, Utah
Property taxes in Beaver, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver is 0.45%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84713 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these areas compare with Beaver provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Tax Rate
0.45%
Average Beaver County Tax Rate
0.57%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84713 | 0.45% | 0.45% | 0.45% | 0.66% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, Utah
In Beaver, 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 Beaver 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 Beaver, 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. For instance, the highest median tax bill in Beaver is $1,516 in the 84713 zip code, which also has the lowest median tax bill at $1,516. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaver Assessed Value
$276,461
Average Beaver County Assessed Value
$175,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84713 | $175,000 | $213,014 | $276,461 | $362,061 | $501,979 |
Source: Ownwell
Property Tax Bills Across Beaver, Utah
Property tax bills in Beaver, Utah, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is a percentage of the market value of the home. To calculate the tax bill, the assessed value is multiplied by the local tax rate. In Beaver, the median home price is $276,461, and tax bills can vary significantly. For instance, homeowners at the 25th percentile pay around $1,016, while those at the 75th percentile see bills closer to $1,939. At the 90th percentile, the tax bill can reach up to $2,499. These variations are influenced by factors such as property location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Beaver's tax rates can have a noticeable impact on household budgets. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Beaver Tax Bill
$1,516
Average Beaver County Tax Bill
$1,101
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84713 | $851 | $1,016 | $1,516 | $1,939 | $2,499 |
Source: Ownwell