Stockton, Utah Property Taxes
The median property tax rate in Stockton, Utah is 0.55%, aligning with the state median but significantly lower than the national median of 0.99%. With a median home value in Stockton of $497,488, the typical annual property tax bill amounts to $2,678, just below the national median of $2,690. Property taxes in Stockton are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stockton'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 Stockton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stockton, 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 Stockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockton 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 Stockton, Utah
Property taxes in Stockton, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockton is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Stockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockton 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 Stockton's effective property tax rate to other counties in Utah and the national median. For comparison, the 84071 zip code has the highest median property tax rate of 0.55%, while the lowest median tax rate is also 0.55%. Understanding how these cities compare with Stockton 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 Stockton Tax Rate
0.55%
Average Tooele County Tax Rate
0.59%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84071 | 0.36% | 0.51% | 0.55% | 0.60% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Stockton, Utah
In Stockton, 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. In Stockton, 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 Stockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Stockton is $2678 in the zip code 84071, which is also the lowest median tax bill.
Average Stockton Assessed Value
$497,488
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 Stockton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84071 | $197,691 | $298,247 | $497,488 | $620,170 | $729,131 |
Source: Ownwell
Property Tax Bills Across Stockton, Utah
In Stockton, property tax bills are calculated based on the assessed value of your home, which is determined by local tax assessors. The assessed value is a percentage of the market value of your property. Various factors contribute to this valuation, including the size, location, and condition of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine your annual tax bill. For instance, with a median home price of $497,488 in Stockton, homeowners can expect a range of tax bills. The 25th percentile tax bill is approximately $1,571, while the 75th percentile reaches around $3,336. The highest median tax bill recorded in the area is $2,678. These figures indicate that property taxes can vary significantly within the city, impacting homeowners differently depending on their property's assessed value. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Stockton Tax Bill
$2,678
Average Tooele County Tax Bill
$2,475
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84071 | $756 | $1,571 | $2,678 | $3,336 | $3,869 |
Source: Ownwell