Deweyville, Utah Property Taxes
The median property tax rate in Deweyville, Utah is 0.42%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Deweyville at $490,204, the typical annual property tax bill reaches $2,010, which is below the national median of $2,690. Property taxes in Deweyville 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 Deweyville'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 Deweyville 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
Deweyville, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$2,059
Ownwell’s Deweyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deweyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deweyville 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 Deweyville, Utah
Property taxes in Deweyville, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deweyville is 0.42%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Deweyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deweyville 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 Deweyville's effective property tax rate to other counties in Utah and the national median. For comparison, the 84309 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Deweyville provides valuable insights into the varying tax landscape across Box Elder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deweyville Tax Rate
0.42%
Average Box Elder County Tax Rate
0.49%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deweyville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84309 | 0.36% | 0.40% | 0.42% | 0.43% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Deweyville, Utah
In Deweyville, 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 Box Elder 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 Deweyville, 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 Deweyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84309 has the highest median tax bill at $2,010, offering a glimpse into the local property tax landscape.
Average Deweyville Assessed Value
$490,204
Average Box Elder County Assessed Value
$420,318
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deweyville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84309 | $306,790 | $386,774 | $490,204 | $594,928 | $757,496 |
Source: Ownwell
Property Tax Bills Across Deweyville, Utah
In Deweyville, located in Box Elder County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $490,204, homeowners can expect their tax bills to vary within a certain range depending on this assessed value. Additional factors such as local tax rates and any applicable exemptions also play a significant role in the final tax bill. For Deweyville residents, the 25th percentile tax bill is approximately $1,493, while the 75th percentile tax bill is around $2,354. For those at the higher end of the spectrum, the 90th percentile tax bill can reach up to $3,176. Compared to the national median property tax rate of 0.99%, these figures highlight the variability in property tax burdens within the area. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Deweyville Tax Bill
$2,010
Average Box Elder County Tax Bill
$1,988
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Deweyville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84309 | $1,140 | $1,493 | $2,010 | $2,354 | $3,176 |
Source: Ownwell