Goshen, Utah Property Taxes
The median property tax rate in Goshen, Utah is 0.53%, slightly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Goshen at $341,550, the typical annual property tax bill reaches $1,776, well below the national median of $2,690. Property taxes in Goshen 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 Goshen'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 Goshen 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
Goshen, 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 Goshen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goshen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goshen 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 Goshen, Utah
Property taxes in Goshen, Utah, play an essential role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Goshen is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Goshen set these rates annually, and they can vary across different neighborhoods. Each year, Goshen 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 Goshen's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84633 has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Goshen provides valuable insights into the varying tax landscape across Utah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goshen Tax Rate
0.53%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goshen, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84633 | 0.44% | 0.53% | 0.53% | 0.53% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Goshen, Utah
In Goshen, 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 Utah 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 Goshen, 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. For instance, Goshen's median home price is $341,550, with tax bills ranging from $1,406 at the 25th percentile to $2,769 at the 90th percentile. Additionally, the zip code 84633 has both the highest and lowest median tax bill at $1,776. 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 Goshen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goshen Assessed Value
$341,550
Average Utah County Assessed Value
$478,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goshen, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84633 | $210,050 | $269,400 | $341,550 | $421,500 | $532,450 |
Source: Ownwell
Property Tax Bills Across Goshen, Utah
In Goshen, located in Utah County, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, the median home price in Goshen is $341,550. Homeowners in the 25th percentile can expect a tax bill around $1,406, while those in the 75th percentile might see bills closer to $2,198. The highest median tax bill in the area is $1,776, indicating a relatively moderate tax burden compared to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Goshen residents.
Average Goshen Tax Bill
$1,776
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Goshen, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84633 | $1,114 | $1,406 | $1,776 | $2,198 | $2,769 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Utah Tax Assessor | |
| Phone | (801) 851-8109 |
| Website | www.utahcounty.gov |