Fruit Heights, Davis County, Utah Property Taxes
The median property tax rate in Fruit Heights, UT is 0.54%, slightly below the Utah state median of 0.55% and well below the national median of 0.99%. With the median home value in Fruit Heights at $617,000, the typical annual property tax bill reaches $3,253, surpassing the national median of $2,690. Property taxes in Fruit Heights 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 Fruit Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fruit Heights 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
Fruit Heights, Davis County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$3,332
$3,092
Ownwell’s Fruit Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fruit Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fruit Heights 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 Fruit Heights, Davis County, Utah
Property taxes in Fruit Heights, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fruit Heights is 0.54%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Fruit Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fruit Heights 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 Fruit Heights' effective property tax rate to other areas in Davis County and the national median. For comparison, the zip code 84037 has both the highest and the lowest median property tax rate of 0.54%. Understanding how these areas compare with Fruit Heights 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 Fruit Heights Tax Rate
0.54%
Average Davis County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fruit Heights, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84037 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Fruit Heights, Davis County, Utah
In Fruit Heights, 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 Fruit Heights, 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 Fruit Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fruit Heights is $617,000, with tax bills ranging from $2,730 at the 25th percentile to $5,217 at the 90th percentile. The zip code 84037 has both the highest and lowest median tax bills at $3,253.
Property Tax Assessment Values Across Fruit Heights, Davis County, Utah
Source: Ownwell
$204,000
$429,000
$654,000
Average Fruit Heights Assessed Value
$617,000
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 Fruit Heights, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84037 | $453,800 | $516,500 | $617,000 | $760,000 | $971,600 |
Source: Ownwell
Property Tax Bills Across Fruit Heights, Davis County, Utah
In Fruit Heights, Davis County, UT, property tax bills are calculated based on the assessed value of the home and the local tax rate. With a median home price of $617,000, homeowners can expect their property tax bill to vary significantly. The tax bill at the 25th percentile is around $2,730, while at the 75th percentile, it rises to approximately $4,082. For those at the 90th percentile, the tax bill can reach up to $5,217. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Local tax rates are set by various taxing authorities, such as school districts and municipal governments. Compared to the national median property tax rate of 0.99%, Fruit Heights residents may find their tax bills higher or lower depending on their specific circumstances. This variability can significantly impact homeowners, affecting their overall financial planning and the affordability of their homes.
Average Fruit Heights Tax Bill
$3,253
Average Davis County Tax Bill
$2,654
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Fruit Heights, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84037 | $1,529 | $2,730 | $3,253 | $4,082 | $5,217 |
Source: Ownwell