Jensen, Utah Property Taxes
The median property tax rate in Jensen, UT is 1.12%, considerably higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Jensen, the typical annual property tax bill reaches $1,134, exceeding the national median of $2,690. Property taxes in Jensen 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 Jensen'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 Jensen 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
Jensen, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,144
Ownwell’s Jensen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jensen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jensen 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 Jensen, Utah
Property taxes in Jensen, Utah, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Jensen is 1.12%, which is higher than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Jensen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jensen 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 Jensen's effective property tax rate to other counties in Utah and the national median. For comparison, the 84035 zip code has the highest median property tax rate of 1.12%, while the 84035 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Jensen 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 Jensen Tax Rate
1.12%
Average Uintah County Tax Rate
1.10%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jensen, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84035 | 0.94% | 1.08% | 1.12% | 1.15% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Jensen, Utah
In Jensen, 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 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 Jensen, 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 example, the median home price in Jensen is $102,129, with tax bills ranging from $697 at the 25th percentile to $1,785 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,134 in zip code 84035. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jensen Assessed Value
$102,129
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 Jensen, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84035 | $34,660 | $68,908 | $102,129 | $127,601 | $164,587 |
Source: Ownwell
Property Tax Bills Across Jensen, Utah
In Jensen, located in Uintah County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Jensen can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $697, while at the 75th percentile, it rises to $1,463, and at the 90th percentile, it reaches $1,785. Several factors influence these tax amounts, including property size, location, and any improvements made to the home. Compared to the national median property tax rate of 0.99%, Jensen's property tax rate can reflect a range of financial obligations for homeowners. High property taxes can impact homeowners by increasing their annual expenses, while lower taxes can make homeownership more affordable. Understanding these variables helps homeowners in Jensen anticipate their financial responsibilities and plan accordingly.
Average Jensen Tax Bill
$1,134
Average Uintah County Tax Bill
$1,143
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Jensen, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84035 | $179 | $697 | $1,134 | $1,463 | $1,785 |
Source: Ownwell