West Bountiful, Davis County, Utah Property Taxes
The median property tax rate in West Bountiful, UT is 0.61%, which is higher than the Utah state median of 0.55% but still below the national median of 0.99%. With a median home value of $515,000, the typical annual property tax bill in West Bountiful reaches $3,113, surpassing the national median of $2,690. Property taxes in West Bountiful are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding West Bountiful'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 West Bountiful 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
West Bountiful, Davis County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$3,141
$2,915
Ownwell’s WEST BOUNTIFUL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST BOUNTIFUL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST BOUNTIFUL 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 West Bountiful, Davis County, Utah
Property taxes in West Bountiful, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Bountiful is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within West Bountiful set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Bountiful 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 West Bountiful's effective property tax rate to other areas in Utah and the national median. For comparison, the 84087 zip code has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with West Bountiful 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 West Bountiful Tax Rate
0.61%
Average Davis County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Bountiful, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84087 | 0.57% | 0.61% | 0.61% | 0.63% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across West Bountiful, Davis County, Utah
In West Bountiful, 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's Office 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 West Bountiful, 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 West Bountiful helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 84087, with a median tax bill of $3,113.
Property Tax Assessment Values Across West Bountiful, Davis County, Utah
Source: Ownwell
$204,000
$429,000
$654,000
Average West Bountiful Assessed Value
$515,000
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 West Bountiful, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84087 | $408,000 | $449,000 | $515,000 | $636,000 | $801,200 |
Source: Ownwell
Property Tax Bills Across West Bountiful, Davis County, Utah
Property tax bills in West Bountiful are calculated based on the assessed value of a property, which is determined by the Davis County Assessor’s Office. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate. For example, with a median home price of $515,000, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $2,671, while those at the 75th percentile could see bills as high as $3,962. The 90th percentile tax bill reaches up to $4,999. These figures illustrate how property taxes can affect homeowners differently based on their property's value and location. The highest median tax bill in the area is $3,113, which aligns with the zip code 84087. Compared to the national median property tax rate of 0.99%, West Bountiful’s property tax rates can be considered moderate. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average West Bountiful Tax Bill
$3,113
Average Davis County Tax Bill
$2,654
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across West Bountiful, Davis County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84087 | $2,293 | $2,671 | $3,113 | $3,962 | $4,999 |
Source: Ownwell