Hooper, Utah Property Taxes
The median property tax rate in Hooper, UT is 0.49%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Hooper at $521,000, the typical annual property tax bill amounts to $2,646, just under the national median of $2,690. Property taxes in Hooper are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hooper'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 Hooper or another part of Davis County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hooper, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$2,553
Ownwell’s Hooper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hooper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hooper 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 Hooper, Utah
Property taxes in Hooper, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hooper is 0.49%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hooper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hooper 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 Hooper's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84315 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Hooper provides valuable insights into the varying tax landscape across Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hooper Tax Rate
0.49%
Average Davis County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hooper, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84315 | 0.46% | 0.49% | 0.49% | 0.54% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Hooper, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hooper, 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 Davis 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 Hooper, 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, homes in the 84315 zip code have the highest and lowest median tax bill at $2,646. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hooper Assessed Value
$521,000
Average Davis County Assessed Value
$472,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hooper, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84315 | $357,000 | $424,000 | $521,000 | $691,000 | $924,000 |
Source: Ownwell
Property Tax Bills Across Hooper, Utah
In Hooper, Davis 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 typically a percentage of the market value of the property. Homeowners in Hooper can expect their tax bills to vary significantly, with the 25th percentile paying around $2,013 and the 75th percentile facing bills up to $3,607. For those in the 90th percentile, tax bills can reach as high as $4,450. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Hooper is $521,000, which is a crucial factor in determining individual tax liabilities. Compared to the national median property tax rate of 0.99%, Hooper's rates can be considered moderate. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the area.
Average Hooper Tax Bill
$2,646
Average Davis County Tax Bill
$2,654
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Hooper, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84315 | $1,575 | $2,013 | $2,646 | $3,607 | $4,450 |
Source: Ownwell