Rocky Ridge, Utah Property Taxes
The median property tax rate in Rocky Ridge, UT is 0.60%, slightly higher than the state median of 0.55% but lower than the national median of 0.99%. With a median home value of $757,181, the typical annual property tax bill in Rocky Ridge reaches $4,759, significantly exceeding the national median of $2,690. Property taxes in Rocky Ridge 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 Rocky Ridge'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 Rocky Ridge or another part of Juab County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rocky Ridge, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$4,543
Ownwell’s Rocky Ridge Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rocky Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rocky Ridge to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, 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 Rocky Ridge, Utah
Property taxes in Rocky Ridge, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocky Ridge is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Rocky Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rocky Ridge 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 Rocky Ridge's effective property tax rate to other areas in Juab County and the national median. For comparison, the zip code 84645 has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Rocky Ridge provides valuable insights into the varying tax landscape across Juab County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rocky Ridge Tax Rate
0.60%
Average Juab County Tax Rate
0.59%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocky Ridge, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84645 | 0.42% | 0.53% | 0.60% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Rocky Ridge, Utah
In Rocky Ridge, 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 Juab 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 Rocky Ridge, 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 Rocky Ridge 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 $4759.00, found in zip code 84645.
Average Rocky Ridge Assessed Value
$757,181
Average Juab County Assessed Value
$429,656
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rocky Ridge, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84645 | $597,766 | $615,575 | $757,181 | $1,058,940 | $1,365,023 |
Source: Ownwell
Property Tax Bills Across Rocky Ridge, Utah
In Rocky Ridge, located in Juab County, UT, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Rocky Ridge is $757,181. The local property tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax amount, including the property's location, any applicable exemptions, and local government budgets. Homeowners in Rocky Ridge can expect to pay property taxes within a range. For instance, the 25th percentile tax bill is approximately $3,800, while the 75th percentile reaches up to $5,592. The highest median tax bill in Juab County is $4,759. These figures indicate a significant variance in property taxes, reflecting differences in property values and individual assessments. Compared to the national median property tax rate of 0.99%, homeowners in Rocky Ridge might find their tax bills to be relatively high, impacting their overall cost of homeownership. Understanding these factors can help homeowners better anticipate their annual financial obligations.
Average Rocky Ridge Tax Bill
$4,759
Average Juab County Tax Bill
$2,512
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocky Ridge, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84645 | $3,562 | $3,800 | $4,759 | $5,592 | $5,600 |
Source: Ownwell