Liberty, Utah Property Taxes
The median property tax rate in Liberty, Utah is 0.57%, slightly higher than the state median of 0.55% but below the national median of 0.99%. With a median home value of $861,370 in Liberty, the typical annual property tax bill amounts to $5,673, significantly surpassing the national median of $2,690. Property taxes in Liberty are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Liberty's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Liberty or another part of the city, grasping the nuances of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liberty, 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 Liberty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liberty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liberty 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 Liberty, Utah
Property taxes in Liberty, Utah, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberty is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Liberty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberty 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 Liberty's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84310 has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Liberty provides valuable insights into the varying tax landscape across Weber County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberty Tax Rate
0.57%
Average Weber County Tax Rate
0.64%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberty, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84310 | 0.52% | 0.53% | 0.57% | 0.71% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Liberty, Utah
In Liberty, 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 Weber 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 Liberty, 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 Liberty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Liberty is $5,673 in the 84310 zip code, while the lowest median tax bill is also $5,673 in the 84310 zip code.
Average Liberty Assessed Value
$861,370
Average Weber County Assessed Value
$413,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liberty, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84310 | $414,690 | $644,786 | $861,370 | $1,010,886 | $1,285,193 |
Source: Ownwell
Property Tax Bills Across Liberty, Utah
In Liberty, located in Weber County, UT, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is typically a percentage of the market value, which in Liberty has a median home price of $861,370. Homeowners in Liberty can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $3,718, while those at the 75th percentile see bills closer to $6,417, and the 90th percentile reaches about $6,795. Factors such as property size, location, and any applicable exemptions or deductions can influence the final tax bill. Compared to the national median property tax rate of 0.99%, Liberty's property tax bills reflect the higher property values in the area. For homeowners, understanding these factors is crucial as they directly impact annual expenses and long-term financial planning.
Average Liberty Tax Bill
$5,673
Average Weber County Tax Bill
$2,637
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberty, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84310 | $3,248 | $3,718 | $5,673 | $6,417 | $6,795 |
Source: Ownwell