Rockville, Utah Property Taxes
The median property tax rate in Rockville, UT is 0.47%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Rockville at $497,300, the typical annual property tax bill is $2,555, which is below the national median of $2,690. Property taxes in Rockville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rockville'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 Rockville 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
Rockville, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$2,337
Ownwell’s Rockville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Rockville. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Rockville to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Rockville, Utah
Property taxes in Rockville, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockville is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Rockville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockville 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 Rockville's effective property tax rate to other areas and the national median. For comparison, the zip code 84763 has the highest median property tax rate of 0.47%, while the same zip code also holds the lowest median tax rate of 0.47%. Understanding how these areas compare with Rockville 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 Rockville Tax Rate
0.47%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84763 | 0.42% | 0.46% | 0.47% | 0.74% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Rockville, Utah
In Rockville, Utah, understanding the difference between "market value" and "assessed value" is essential 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 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 Rockville, 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 Rockville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $2,555 in zip code 84763. The lowest median tax bill is also $2,555 in the same zip code, reflecting a consistent tax environment.
Average Rockville Assessed Value
$497,300
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 Rockville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84763 | $258,060 | $362,700 | $497,300 | $636,500 | $808,880 |
Source: Ownwell
Property Tax Bills Across Rockville, Utah
In Rockville, UT, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value of the property. To calculate the tax bill, this assessed value is multiplied by the local property tax rate. For Rockville, the median home price is approximately $497,300. The tax rate in Rockville is influenced by various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. For homeowners in Rockville, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $1,831, while at the 75th percentile, it rises to $3,554. At the 90th percentile, homeowners might see tax bills as high as $5,217. Compared to the national median property tax rate of 0.99%, Rockville's property tax rates can represent a significant financial consideration for homeowners, potentially affecting their overall cost of living and long-term financial planning.
Average Rockville Tax Bill
$2,555
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84763 | $1,293 | $1,831 | $2,555 | $3,554 | $5,217 |
Source: Ownwell