West Point, Utah Property Taxes
The median property tax rate in West Point, UT is 0.59%, slightly above the state median of 0.55% but lower than the national median of 0.99%. With a median home value of $611,500, the typical annual property tax bill in West Point reaches $3,569, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding West Point'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 Point 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 Point, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$3,608
Ownwell’s WEST POINT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST POINT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST POINT 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 Point, Utah
Property taxes in West Point, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Point is 0.59%, which is significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within West Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Point 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 Point's effective property tax rate to other counties in Utah and the national median. For comparison, the 84015 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with West Point 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 Point Tax Rate
0.59%
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 Point, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84015 | 0.58% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across West Point, Utah
In West Point, 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 Appraisal District 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 Point, 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 Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84015 has the highest median tax bill at $3,569, while the lowest median tax bill is also in zip code 84015 at $3,569.
Average West Point Assessed Value
$611,500
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 Point, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84015 | $217,054 | $421,750 | $611,500 | $664,250 | $709,000 |
Source: Ownwell
Property Tax Bills Across West Point, Utah
Property tax bills in West Point, Davis County, UT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In West Point, the median home price is $611,500, and the property tax rate is a crucial factor in determining the tax bill. Homeowners in the 25th percentile can expect a tax bill of approximately $1,810, while those in the 75th percentile face a tax bill of around $3,824. For those in the 90th percentile, the tax bill can reach up to $4,135. These taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding how property tax bills are calculated helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average West Point Tax Bill
$3,569
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 Point, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84015 | $903 | $1,810 | $3,569 | $3,824 | $4,135 |
Source: Ownwell