Central, Utah Property Taxes
The median property tax rate in CENTRAL, UT is 0.35%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in CENTRAL, the typical annual property tax bill is $1,319, which is well below the national median of $2,690. Property taxes in CENTRAL 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 CENTRAL'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 CENTRAL 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
Central, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$1,219
Ownwell’s CENTRAL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CENTRAL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CENTRAL 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 Central, Utah
Property taxes in CENTRAL, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CENTRAL is 0.35%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within CENTRAL set these rates annually, and they can vary significantly across different neighborhoods. Each year, CENTRAL 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 CENTRAL's effective property tax rate to other counties in Utah and the national median. For comparison, ZIP code 84780 has the highest median property tax rate of 0.54%, while ZIP code 84737 has the lowest median tax rate of 0.32%. Understanding how these cities compare with CENTRAL provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Central Tax Rate
0.35%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Central, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84722 | 0.31% | 0.32% | 0.35% | 0.44% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Central, Utah
In CENTRAL, 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 Washington 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 CENTRAL, 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 CENTRAL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 84722, where homeowners can expect a bill of approximately $1,319.
Average Central Assessed Value
$348,200
Average Washington County Assessed Value
$457,600
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Central, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84722 | $194,280 | $265,000 | $348,200 | $442,900 | $556,140 |
Source: Ownwell
Property Tax Bills Across Central, Utah
In CENTRAL, 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. Various factors like property size, location, and improvements are considered in this assessment. For example, in Washington County, the median home price is $348,200. Homeowners in CENTRAL can expect their tax bills to vary significantly. The 25th percentile tax bill is around $937, while the 75th percentile reaches $1,836. At the 90th percentile, tax bills can go up to $2,403. These figures indicate a range of property tax burdens depending on the value and specifics of the property. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in CENTRAL to understand how their local rates stack up. Higher property taxes can impact affordability and overall cost of living, making it crucial for homeowners to stay informed about their tax obligations.
Average Central Tax Bill
$1,319
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Central, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84722 | $584 | $937 | $1,319 | $1,836 | $2,403 |
Source: Ownwell