Holden, Utah Property Taxes
The median property tax rate in Holden, Utah is 0.54%, slightly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Holden at $304,990, the typical annual property tax bill amounts to $1,735, which is significantly below the national median of $2,690. Property taxes in Holden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Holden'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 Holden 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
Holden, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,647
Ownwell’s Holden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holden 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 Holden, Utah
Property taxes in Holden, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holden is 0.54%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Holden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holden 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 Holden's effective property tax rate to other counties in Utah and the national median. For comparison, the 84636 zip code has the highest median property tax rate of 0.54%, while it also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Holden provides valuable insights into the varying tax landscape across Millard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holden Tax Rate
0.54%
Average Millard County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holden, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84636 | 0.34% | 0.52% | 0.54% | 0.55% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Holden, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holden, Utah. 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 Millard 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 Holden, 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 Holden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Holden is $304,990, with the highest and lowest median tax bills both at $1,735 in the zip code 84636.
Average Holden Assessed Value
$304,990
Average Millard County Assessed Value
$272,297
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holden, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84636 | $164,310 | $213,556 | $304,990 | $442,256 | $617,911 |
Source: Ownwell
Property Tax Bills Across Holden, Utah
In Holden, located in Millard County, UT, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Holden see a median home price of $304,990. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the 25th percentile tax bill of $949 and the 75th percentile tax bill of $2,425 highlight the range homeowners might expect to pay. For those at the higher end, the 90th percentile tax bill reaches $3,868. These tax bills are influenced by local government budgets and public service funding needs. Compared to the national median property tax rate of 0.99%, homeowners in Holden may find their tax rates to be competitive. The highest and lowest median tax bills in the area are both $1,735, indicating a relatively uniform tax burden across different neighborhoods. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Holden Tax Bill
$1,735
Average Millard County Tax Bill
$1,608
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Holden, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84636 | $283 | $949 | $1,735 | $2,425 | $3,868 |
Source: Ownwell