Eureka, Utah Property Taxes
The median property tax rate in Eureka, Utah is 0.58%, slightly higher than the Utah state median of 0.55% but still below the national median of 0.99%. With a median home value of $193,612 in Eureka, the typical annual property tax bill is around $1,129, which is significantly lower than the national median of $2,690. Property taxes in Eureka are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Eureka's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Eureka or elsewhere in the city, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Eureka, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,123
Ownwell’s Eureka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eureka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eureka 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 Eureka, Utah
Property taxes in Eureka, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eureka is 0.58%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Eureka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eureka 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 Eureka's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84628 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Eureka provides valuable insights into the varying tax landscape across Juab County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eureka Tax Rate
0.58%
Average Juab County Tax Rate
0.59%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eureka, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84628 | 0.58% | 0.58% | 0.58% | 0.58% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Eureka, Utah
In Eureka, 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 Juab 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 Eureka, 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 Eureka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Eureka are both $1,129, found in the 84628 zip code.
Average Eureka Assessed Value
$193,612
Average Juab County Assessed Value
$429,656
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eureka, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84628 | $22,548 | $133,588 | $193,612 | $273,138 | $396,416 |
Source: Ownwell
Property Tax Bills Across Eureka, Utah
In Eureka, located in Juab County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the home's market value, and this percentage can vary by jurisdiction. Once the assessed value is established, the local tax rate, which is set by various taxing authorities such as the county, city, and school districts, is applied to calculate the tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Eureka is $193,612, resulting in varying tax bills. Homeowners in the 25th percentile can expect to pay around $790, while those in the 75th percentile might see bills of up to $1,593. The 90th percentile tax bill can reach as high as $2,350. These property taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Eureka Tax Bill
$1,129
Average Juab County Tax Bill
$2,512
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Eureka, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84628 | $247 | $790 | $1,129 | $1,593 | $2,350 |
Source: Ownwell