Pine Valley, Utah Property Taxes
The median property tax rate in Pine Valley, UT is 0.60%, which is higher than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value in Pine Valley of $416,600, the typical annual property tax bill reaches $2,211, slightly below the national median of $2,690. Property taxes in Pine Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pine 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 Pine Valley 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
Pine Valley, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,500
Ownwell’s Pine Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine 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 Pine Valley, Utah
Property taxes in Pine 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 Pine Valley is 0.60%, which is significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Pine Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine 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 Pine Valley's effective property tax rate to other counties in Utah and the national median. For comparison, the 84781 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Pine Valley provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Valley Tax Rate
0.60%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84781 | 0.33% | 0.40% | 0.60% | 0.62% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Pine Valley, Utah
In Pine 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 Washington 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 Pine 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median home price in Pine Valley is $416,600, with tax bills ranging from $1,593 at the 25th percentile to $4,246 at the 90th percentile. The highest and lowest median tax bills, both at $2,211, are found in the 84781 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pine Valley Assessed Value
$416,600
Average Washington County Assessed Value
$457,600
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84781 | $231,330 | $300,425 | $416,600 | $569,275 | $773,500 |
Source: Ownwell
Property Tax Bills Across Pine Valley, Utah
In Pine Valley, Washington County, UT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Pine Valley experience varying tax bills, influenced by the property's assessed value and the local tax rate. For example, the median home price in Pine Valley is $416,600. Property tax bills can range significantly, with the 25th percentile at $1,593, the 75th percentile at $3,096, and the 90th percentile reaching $4,246. These figures highlight the impact of property value assessments and tax rates on the overall tax burden for homeowners. The median property tax bill in the area is $2,211, which is slightly above the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as they navigate their financial responsibilities and plan for future expenses related to property ownership.
Average Pine Valley Tax Bill
$2,211
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Valley, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84781 | $1,018 | $1,593 | $2,211 | $3,096 | $4,246 |
Source: Ownwell