Gusher, Utah Property Taxes
The median property tax rate in Gusher, Utah is 1.03%, slightly higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Gusher, the typical annual property tax bill reaches $916, which is significantly lower than the national median of $2,690. Property taxes in Gusher 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 Gusher'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 Gusher 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
Gusher, 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 Gusher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gusher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gusher 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 Gusher, Utah
Property taxes in Gusher, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gusher is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Gusher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gusher 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 Gusher's effective property tax rate to other areas in Uintah County and the national median. For comparison, the zip code 84026 has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Gusher provides valuable insights into the varying tax landscape across Uintah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gusher Tax Rate
1.03%
Average Uintah County Tax Rate
1.10%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gusher, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84026 | 0.95% | 0.99% | 1.03% | 1.14% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Gusher, Utah
In Gusher, 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 Uintah 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 Gusher, 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 Gusher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Gusher are both $916, found in zip code 84026.
Average Gusher Assessed Value
$88,084
Average Uintah County Assessed Value
$104,634
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gusher, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84026 | $29,720 | $62,416 | $88,084 | $140,842 | $230,218 |
Source: Ownwell
Property Tax Bills Across Gusher, Utah
In Gusher, located in Uintah County, UT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Gusher can expect their property tax bills to vary significantly depending on their property's assessed value and the local tax rate. For instance, the median home price in Gusher is $88,084. Property tax bills in the area typically range from $593 at the 25th percentile to $1,623 at the 75th percentile, with the 90th percentile reaching up to $2,449. This variation illustrates how different factors, such as property size, location, and improvements, can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Gusher may find their tax obligations lighter or heavier depending on these assessed values and local rates. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Gusher Tax Bill
$916
Average Uintah County Tax Bill
$1,143
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Gusher, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84026 | $322 | $593 | $916 | $1,623 | $2,449 |
Source: Ownwell