Ballard, Utah Property Taxes
The median property tax rate in Ballard, Utah is 1.33%, considerably higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Ballard at $84,561, the typical annual property tax bill reaches $1,153, exceeding the national median of $2,690. Property taxes in Ballard 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 Ballard'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 Ballard or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ballard, 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 Ballard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ballard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ballard 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 Ballard, Utah
Property taxes in Ballard, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ballard is 1.33%, higher than both the Utah state median of 0.67% and the U.S. national median of 0.99%. Local government entities within Ballard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ballard 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 Ballard's effective property tax rate to other counties in Utah and the national median. For comparison, the 84066 zip code has the highest median property tax rate of 1.33%, while the 84066 zip code has the lowest median tax rate of 1.33%. Understanding how these cities compare with Ballard provides valuable insights into the varying tax landscape across Uintah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ballard Tax Rate
1.33%
Average Uintah County Tax Rate
1.10%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ballard, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84066 | 1.10% | 1.28% | 1.33% | 1.49% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Ballard, Utah
In Ballard, 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 Uintah 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 Ballard, 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 Ballard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Uintah County, the highest and lowest median tax bills are both $1,153, found in the 84066 zip code.
Average Ballard Assessed Value
$84,561
Average Uintah County Assessed Value
$104,634
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ballard, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84066 | $49,910 | $65,377 | $84,561 | $114,191 | $155,964 |
Source: Ownwell
Property Tax Bills Across Ballard, Utah
In Ballard, UT, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which in Ballard, has a median home price of $84,561. The tax rate is determined by local government entities and can vary based on budgetary needs. Homeowners in Ballard see a range of property tax bills. For instance, the 25th percentile tax bill is $918, while the 75th percentile tax bill reaches $1,476. At the higher end, the 90th percentile tax bill amounts to $1,979. These figures illustrate how property taxes can vary significantly even within the same city. Compared to the national median property tax rate of 0.99%, Ballard's rates may seem relatively moderate. However, the impact on homeowners can still be substantial, influencing decisions related to homeownership and financial planning. Understanding these factors is crucial for homeowners to effectively manage their property tax obligations.
Average Ballard Tax Bill
$1,153
Average Uintah County Tax Bill
$1,143
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Ballard, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84066 | $627 | $918 | $1,153 | $1,476 | $1,979 |
Source: Ownwell