Central Valley, Utah Property Taxes
The median property tax rate in Central Valley, UT is 0.51%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Central Valley at $427,030, the typical annual property tax bill reaches $2,096, which is below the national median of $2,690. Property taxes in Central Valley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Central Valley'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 Central Valley or another part of Sevier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Central Valley, 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 Central Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Central Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Central Valley 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 Central Valley, Utah
Property taxes in Central Valley, Utah, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Central Valley is 0.51%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Central Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Central Valley 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 Central Valley's effective property tax rate to other counties in Utah and the national median. For comparison, the 84754 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Central Valley provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Central Valley Tax Rate
0.51%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Central Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84754 | 0.43% | 0.50% | 0.51% | 0.53% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Central Valley, Utah
In Central Valley, 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 Sevier County Appraisal District 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 Central Valley, 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. The median home price in this area is $427,030, with tax bills ranging from $1,449 at the 25th percentile to $3,573 at the 90th percentile. The highest and lowest median tax bills in the region are both $2,096, found in the 84754 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Central Valley Assessed Value
$427,030
Average Sevier County Assessed Value
$296,622
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Central Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84754 | $249,944 | $300,096 | $427,030 | $547,296 | $696,378 |
Source: Ownwell
Property Tax Bills Across Central Valley, Utah
In Central Valley, Sevier 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 a percentage of the market value of the property. Homeowners in this area can expect their tax bills to vary significantly depending on their property's assessed value and applicable tax rates. For instance, the median home price in Central Valley is $427,030. Property tax bills in this region range from the 25th percentile at $1,449 to the 75th percentile at $2,793, with the 90th percentile reaching up to $3,573. These figures illustrate the potential variability in tax bills, influenced by factors such as property location, home improvements, and local tax rates. Compared to the national median property tax rate of 0.99%, Central Valley's tax bills reflect the specific economic and regulatory environment of Sevier County. Homeowners should be aware of these factors as they significantly impact their annual financial obligations and overall property costs.
Average Central Valley Tax Bill
$2,096
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Central Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84754 | $1,026 | $1,449 | $2,096 | $2,793 | $3,573 |
Source: Ownwell