Riverton, Utah Property Taxes
The median property tax rate in Riverton, UT is 0.61%, slightly higher than the Utah state median of 0.55% but still below the national median of 0.99%. With the median home value in Riverton at $541,650, the typical annual property tax bill reaches $3,286, surpassing the national median of $2,690. Property taxes in Riverton 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 Riverton'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 Riverton 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
Riverton, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$3,304
Ownwell’s Riverton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverton 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 Riverton, Utah
Property taxes in Riverton, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverton is 0.61%, which is higher than the Utah state median and lower than the U.S. national median of 0.99%. Local government entities within Riverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riverton 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 Riverton's effective property tax rate to other counties in Utah and the national median. For comparison, the 84006 zip code has the highest median property tax rate of 0.62%, while the 94065 zip code has the lowest median tax rate of 0.53%. Understanding how these cities compare with Riverton provides valuable insights into the varying tax landscape across Salt Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riverton Tax Rate
0.61%
Average Salt Lake County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riverton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84006 | 0.61% | 0.62% | 0.62% | 0.63% | 0.63% |
| 84065 | 0.60% | 0.61% | 0.61% | 0.61% | 0.61% |
| 84095 | 0.29% | 0.53% | 0.61% | 0.61% | 0.65% |
| 84096 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
| 94065 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Riverton, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Riverton, Utah. The market value reflects 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 Salt Lake 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 Riverton, 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. For instance, the highest median tax bill in Riverton is $3,301 in the 84065 zip code, while the lowest is $2,209 in the 94065 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Riverton Assessed Value
$541,650
Average Salt Lake County Assessed Value
$475,200
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riverton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84006 | $405,970 | $408,775 | $413,450 | $418,125 | $420,930 |
| 84065 | $401,930 | $457,100 | $547,150 | $709,000 | $865,940 |
| 84095 | $383,300 | $412,850 | $481,900 | $564,595 | $657,700 |
| 84096 | $374,500 | $465,575 | $533,500 | $595,275 | $684,780 |
| 94065 | $417,800 | $417,800 | $417,800 | $417,800 | $417,800 |
Source: Ownwell
Property Tax Bills Across Riverton, Utah
In Riverton, located in Salt Lake 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 Riverton typically see tax bills that vary significantly depending on the value of their homes. For instance, the 25th percentile tax bill is around $2,744, while the 75th percentile tax bill reaches $4,130. At the higher end, the 90th percentile tax bill can go up to $5,022. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Riverton's tax rates can be more or less favorable depending on these variables. Homeowners in the highest median tax bill area within the 84065 zip code face an average bill of $3,301, while those in the lowest median tax bill area within the 94065 zip code see a lower average of $2,209. These variations directly impact homeowners' annual financial obligations.
Average Riverton Tax Bill
$3,286
Average Salt Lake County Tax Bill
$2,800
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84006 | $2,560 | $2,566 | $2,574 | $2,583 | $2,588 |
| 84065 | $2,321 | $2,744 | $3,301 | $4,305 | $5,242 |
| 84095 | $1,088 | $2,389 | $2,754 | $3,515 | $3,987 |
| 84096 | $2,250 | $2,760 | $3,265 | $3,644 | $4,202 |
| 94065 | $2,209 | $2,209 | $2,209 | $2,209 | $2,209 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Salt Lake Tax Assessor | |
| Phone | (385) 468-7200 |
| Website | slco.org |
| propertytaxappeals@slco.org | |