Plymouth, Utah Property Taxes
The median property tax rate in Plymouth, Utah is 0.49%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Plymouth at $341,377, the typical annual property tax bill reaches $1,568, significantly below the national median of $2,690. Property taxes in Plymouth are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Plymouth'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 Plymouth 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
Plymouth, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,673
Ownwell’s Plymouth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Plymouth with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Plymouth to provide an accurate estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, ensuring you make informed financial decisions. Additionally, for those interested in more granular insights, you can explore neighborhood-level trends by scrolling down the page. Your property’s assessed value, determined by the county, forms the basis for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Plymouth, Utah
Property taxes in Plymouth, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plymouth is 0.49%, which is significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Plymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plymouth 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 Plymouth's effective property tax rate to other areas in Utah and the national median. For comparison, the 84330 zip code has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Plymouth 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 Plymouth Tax Rate
0.49%
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 Plymouth, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84330 | 0.45% | 0.46% | 0.49% | 0.50% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Plymouth, Utah
In Plymouth, Utah, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Plymouth, 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 Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Plymouth is $1568 in the 84330 zip code, which is the same for the lowest median tax bill.
Average Plymouth Assessed Value
$341,377
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 Plymouth, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84330 | $197,705 | $258,573 | $341,377 | $430,512 | $557,732 |
Source: Ownwell
Property Tax Bills Across Plymouth, Utah
In Plymouth, Box Elder County, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is evaluated periodically by county officials. Various factors influence this assessed value, including the home's size, age, and location, as well as recent sales of comparable properties in the area. For homeowners in Plymouth, the tax bill can significantly impact their annual budget. The median home price in the area is $341,377, which means that many homeowners can expect to pay a substantial amount in property taxes. For instance, the tax bill at the 25th percentile is $1,233, while it rises to $2,101 at the 75th percentile and reaches up to $2,544 at the 90th percentile. These figures illustrate the range of property tax burdens that residents may face, depending on the assessed value of their homes. Comparing this to the national median property tax rate of 0.99%, homeowners in Plymouth experience varying degrees of financial impact based on their specific property assessments.
Average Plymouth Tax Bill
$1,568
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 Plymouth, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84330 | $857 | $1,233 | $1,568 | $2,101 | $2,544 |
Source: Ownwell