Stansbury Park, Utah Property Taxes
The median property tax rate in Stansbury Park, UT is 0.61%, which is higher than the Utah state median of 0.55% but lower than the national median of 0.99%. With the median home value in Stansbury Park at $483,569, the typical annual property tax bill reaches $2,909, surpassing the national median of $2,690. Property taxes in Stansbury Park 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 Stansbury Park'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 Stansbury Park 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
Stansbury Park, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$2,950
Ownwell’s Stansbury Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stansbury Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stansbury Park 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 Stansbury Park, Utah
Property taxes in Stansbury Park, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stansbury Park is 0.61%, which is below the U.S. national median of 0.99%. Local government entities within Stansbury Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stansbury Park 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 Stansbury Park's effective property tax rate to other areas in Tooele County and the national median. For comparison, the zip code 84074 has both the highest and lowest median property tax rate of 0.61%. Understanding how these areas compare with Stansbury Park provides valuable insights into the varying tax landscape across Tooele County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stansbury Park Tax Rate
0.61%
Average Tooele County Tax Rate
0.59%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stansbury Park, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84074 | 0.59% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Stansbury Park, Utah
In Stansbury Park, 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 Tooele 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 Stansbury Park, 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 Stansbury Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84074 has the highest and lowest median tax bills, both at $2,909.
Average Stansbury Park Assessed Value
$483,569
Average Tooele County Assessed Value
$428,538
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stansbury Park, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84074 | $163,744 | $422,235 | $483,569 | $542,293 | $587,656 |
Source: Ownwell
Property Tax Bills Across Stansbury Park, Utah
In Stansbury Park, located in Tooele County, UT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor's office and is a percentage of the home's market value. Factors such as the property's location, size, and condition play a crucial role in determining this value. Homeowners in Stansbury Park can expect their annual property tax bill to vary significantly. For instance, the tax bill at the 25th percentile is around $2,462, while at the 75th percentile, it rises to approximately $3,252. The 90th percentile tax bill can reach up to $3,533. Comparatively, the national median property tax rate is 0.99%, making Stansbury Park's property taxes relatively moderate. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life. Homeowners need to stay informed about their property's assessed value and any potential changes in tax rates to manage their expenses effectively.
Average Stansbury Park Tax Bill
$2,909
Average Tooele County Tax Bill
$2,475
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Stansbury Park, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84074 | $934 | $2,462 | $2,909 | $3,252 | $3,533 |
Source: Ownwell