Centerville, Utah Property Taxes
The median property tax rate in Centerville, UT is 0.57%, slightly higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Centerville at $502,000, the typical annual property tax bill reaches $2,896, exceeding the national median of $2,690. Property taxes in Centerville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Centerville'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 Centerville 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
Centerville, 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 Centerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centerville 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 Centerville, Utah
Property taxes in Centerville, Utah, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Centerville is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Centerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centerville 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 Centerville's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84014 has both the highest and lowest median property tax rate of 0.57%. Understanding how these areas compare with Centerville provides valuable insights into the varying tax landscape across Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centerville Tax Rate
0.57%
Average Davis County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centerville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84014 | 0.57% | 0.57% | 0.57% | 0.60% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Centerville, Utah
In Centerville, 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 Davis 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 Centerville, 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 Centerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 84014 has both the highest and lowest median tax bill at $2,896.
Average Centerville Assessed Value
$502,000
Average Davis County Assessed Value
$472,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centerville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84014 | $347,000 | $426,000 | $502,000 | $609,000 | $718,000 |
Source: Ownwell
Property Tax Bills Across Centerville, Utah
In Centerville, located in Davis County, UT, property tax bills are calculated based on the assessed value of a home. The county assessor determines this value, which is then multiplied by the local tax rate to calculate the annual tax bill. For Centerville, where the median home price is $502,000, property tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,355 annually, while those in the 75th percentile face bills closer to $3,538. At the 90th percentile, the tax bill can reach up to $4,234. Factors influencing these variations include property size, location, and any applicable exemptions. The highest median tax bill in Centerville's zip code 84014 is $2,896, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding how these elements affect the final tax bill is crucial for homeowners, as it impacts their annual financial planning and long-term property investment decisions.
Average Centerville Tax Bill
$2,896
Average Davis County Tax Bill
$2,654
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Centerville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84014 | $1,547 | $2,355 | $2,896 | $3,538 | $4,234 |
Source: Ownwell