Green River, Utah Property Taxes
The median property tax rate in Green River, UT is 0.90%, which is slightly below the national median of 0.99% but significantly higher than the Utah state median of 0.55%. With the median home value in Green River at $110,725, the typical annual property tax bill reaches $1,019, still lower than the national median of $2,690. Property taxes in Green River 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 Green River'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 Green River 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
Green River, 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 Green River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green River 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 Green River, Utah
Property taxes in Green River, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green River is 0.90%, which is below the U.S. national median of 0.99%. Local government entities within Green River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green River 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 Green River's effective property tax rate to other counties in Utah and the national median. For comparison, the 84525 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Green River provides valuable insights into the varying tax landscape across Emery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green River Tax Rate
0.90%
Average Emery County Tax Rate
0.91%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green River, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84525 | 0.90% | 0.90% | 0.90% | 0.90% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Green River, Utah
In Green River, 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 Emery 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 Green River, 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 Green River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1019, found in zip code 84525.
Average Green River Assessed Value
$110,725
Average Emery County Assessed Value
$143,069
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green River, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84525 | $31,288 | $61,832 | $110,725 | $170,966 | $214,410 |
Source: Ownwell
Property Tax Bills Across Green River, Utah
In Green River, Emery County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Green River can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $540, while the 75th percentile tax bill reaches up to $1,574. At the 90th percentile, the tax bill can be as high as $2,025. These tax bills are influenced by several factors, including property location, size, and market conditions. The median home price in Green River is $110,725, which is considerably lower than national averages, contributing to relatively modest tax bills. Compared to the national median property tax rate of 0.99%, Green River offers a more affordable tax landscape for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Green River Tax Bill
$1,019
Average Emery County Tax Bill
$1,330
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Green River, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84525 | $287 | $540 | $1,019 | $1,574 | $2,025 |
Source: Ownwell