West Valley City, Utah Property Taxes
The median property tax rate in West Valley City, UT is 0.75%, which is lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With the median home value in West Valley City, the typical annual property tax bill reaches $12, significantly below the national median of $2,690. Property taxes in West Valley City 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 West Valley City'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 Valley City 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 Valley City, 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 West Valley City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Valley City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Valley City 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 Valley City, Utah
Property taxes in West Valley City, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Valley City is 0.75%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within West Valley City set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Valley City 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 Valley City's effective property tax rate to other counties in Utah and the national median. For comparison, the 84120 zip code has the highest median property tax rate of 0.75%, while the same 84120 zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with West Valley City provides valuable insights into the varying tax landscape across Iron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Valley City Tax Rate
0.75%
Average Iron County Tax Rate
0.74%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Valley City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84120 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across West Valley City, Utah
In West Valley City, 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 Iron 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 Valley City, 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 Valley City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Valley City Assessed Value
$1,539
Average Iron County Assessed Value
$176,312
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Valley City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84120 | $1,539 | $1,539 | $1,539 | $1,539 | $1,539 |
Source: Ownwell
Property Tax Bills Across West Valley City, Utah
In West Valley City, property tax bills are calculated based on the assessed value of the property, which is determined by the local county assessor in Iron County. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. This value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition, as well as recent sales of comparable properties in the area. Homeowners in West Valley City can expect their tax bills to fall within a certain range, with the 25th, 75th, and 90th percentiles all having tax bills of $12. This consistency suggests a relatively stable property tax environment in the area, which can provide predictability for homeowners when budgeting for annual expenses. Compared to the national median property tax rate of 0.99%, West Valley City offers a competitive and manageable tax structure for its residents.
Average West Valley City Tax Bill
$12
Average Iron County Tax Bill
$974
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across West Valley City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84120 | $12 | $12 | $12 | $12 | $12 |
Source: Ownwell