Riverdale, Utah Property Taxes
The median property tax rate in Riverdale, UT is 0.56%, slightly above the Utah state median of 0.55% but still lower than the national median of 0.99%. With a median home value of $601,000 in Riverdale, the typical annual property tax bill amounts to $3,348, which surpasses the national median of $2,690. Property taxes in Riverdale are determined based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Riverdale'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 Riverdale or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Riverdale, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,366
Ownwell’s Riverdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverdale 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 Riverdale, Utah
Property taxes in Riverdale, Utah, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverdale is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Riverdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riverdale 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 Riverdale's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84405 has both the highest and lowest median property tax rate of 0.56%. Understanding how these areas compare with Riverdale 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 Riverdale Tax Rate
0.56%
Average Weber County Tax Rate
0.64%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riverdale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84405 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Riverdale, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Riverdale, Utah. 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 Riverdale, 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. The median home price in Riverdale is $601,000, with tax bills ranging from $2,955 at the 25th percentile to $4,184 at the 90th percentile. The highest and lowest median tax bills both stand at $3,348 in zip code 84405. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Riverdale Assessed Value
$601,000
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 Riverdale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84405 | $509,800 | $530,500 | $601,000 | $692,500 | $751,000 |
Source: Ownwell
Property Tax Bills Across Riverdale, Utah
In Riverdale, property tax bills are calculated based on the assessed value of a home, which is determined by the Weber County Assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. The tax rate in Riverdale is influenced by various factors, including funding requirements for public services such as schools, emergency services, and infrastructure maintenance. For homeowners in Riverdale, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is approximately $2,955, while at the 75th percentile, it rises to $3,858. At the 90th percentile, homeowners might see a tax bill around $4,184. Compared to the national median property tax rate of 0.99%, Riverdale's tax rates reflect the specific needs and budgetary requirements of the local community. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Riverdale Tax Bill
$3,348
Average Weber County Tax Bill
$2,637
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverdale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84405 | $2,840 | $2,955 | $3,348 | $3,858 | $4,184 |
Source: Ownwell