Rush Valley, Utah Property Taxes
The median property tax rate in Rush Valley, UT is 0.49%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Rush Valley at $276,454, the typical annual property tax bill reaches $1,371, which is significantly below the national median of $2,690. Property taxes in Rush 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 Rush 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 Rush Valley or another part of Tooele County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rush 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 Rush Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rush Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rush 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 Rush Valley, Utah
Property taxes in Rush Valley, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rush Valley is 0.49%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Rush Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rush 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 Rush Valley's effective property tax rate to other areas in Tooele County and the national median. For comparison, the zip code 84069 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 areas compare with Rush Valley provides valuable insights into the varying tax landscape across Tooele County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rush Valley Tax Rate
0.49%
Average Tooele County Tax Rate
0.59%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rush Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84069 | 0.18% | 0.40% | 0.49% | 0.52% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Rush Valley, Utah
In Rush 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 Tooele 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. Assessment notices in Rush Valley 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 Rush Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84069 in Rush Valley has the highest and lowest median tax bill of $1371.
Average Rush Valley Assessed Value
$276,454
Average Tooele County Assessed Value
$428,538
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rush Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84069 | $175,236 | $228,895 | $276,454 | $444,158 | $600,243 |
Source: Ownwell
Property Tax Bills Across Rush Valley, Utah
In Rush Valley, located in Tooele County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is then applied to this assessed value to compute the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Rush Valley stands at $276,454, significantly affecting the final tax amount. The tax bill varies widely among homeowners. For example, those in the 25th percentile pay around $908, while those in the 75th percentile see bills closer to $1,883. Homeowners in the 90th percentile face even higher bills, up to $2,751. These figures highlight the range of tax burdens within the community, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, Rush Valley's tax rates can result in varying financial impacts on homeowners, underscoring the importance of understanding local property tax calculations.
Average Rush Valley Tax Bill
$1,371
Average Tooele County Tax Bill
$2,475
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Rush Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84069 | $605 | $908 | $1,371 | $1,883 | $2,751 |
Source: Ownwell