Pleasant Grove, Utah Property Taxes
The median property tax rate in Pleasant Grove, UT is 0.66%, slightly higher than Utah's state median of 0.55% but still below the national median of 0.99%. With the median home value in Pleasant Grove at $154,000, the typical annual property tax bill amounts to $962, which is significantly lower than the national median of $2,690. Property taxes in Pleasant Grove 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 Pleasant Grove'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 Pleasant Grove 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
Pleasant Grove, 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 Pleasant Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Grove 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 Pleasant Grove, Utah
Property taxes in Pleasant Grove, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Grove is 0.66%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Pleasant Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Grove 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 Pleasant Grove's effective property tax rate to other counties in Utah and the national median. For comparison, the 84062 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Pleasant Grove provides valuable insights into the varying tax landscape across Utah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Grove Tax Rate
0.66%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Grove, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84062 | 0.56% | 0.60% | 0.66% | 0.72% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Grove, Utah
In Pleasant Grove, 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 Pleasant Grove, 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. Pleasant Grove's median home price is $154,000, with the tax bill ranging from $906 at the 25th percentile to $1,051 at the 90th percentile. The highest and lowest median tax bills are both $962 in the 84062 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 Pleasant Grove Assessed Value
$154,000
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 Pleasant Grove, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84062 | $117,200 | $131,000 | $154,000 | $177,000 | $190,800 |
Source: Ownwell
Property Tax Bills Across Pleasant Grove, Utah
In Pleasant Grove, UT, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Homeowners in Pleasant Grove can expect their property tax bills to vary depending on the value of their homes. For instance, the tax bill at the 25th percentile is $906, while at the 75th percentile, it rises to $1017. The highest median tax bill in the area is $962, which is consistent across different zip codes within the city. These figures are relatively low compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners should be aware that property taxes fund essential community services, including schools, public safety, and infrastructure, directly impacting their quality of life.
Average Pleasant Grove Tax Bill
$962
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Grove, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84062 | $872 | $906 | $962 | $1,017 | $1,051 |
Source: Ownwell