Hildale, Utah Property Taxes
The median property tax rate in Hildale, UT is 0.40%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Hildale at $428,900, the typical annual property tax bill amounts to $1,790, which is well below the national median of $2,690. Property taxes in Hildale are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hildale'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 Hildale 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
Hildale, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,716
Ownwell’s Hildale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hildale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hildale 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 Hildale, Utah
Property taxes in Hildale, Utah, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hildale is 0.40%, which is significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Hildale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hildale 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 Hildale's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84784 has the highest median property tax rate of 0.40%, while the same zip code 84784 also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Hildale 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 Hildale Tax Rate
0.40%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hildale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84784 | 0.33% | 0.39% | 0.40% | 0.52% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Hildale, Utah
In Hildale, 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 Hildale, 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 Hildale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hildale is $428,900, with tax bills ranging from $990 at the 25th percentile to $3,482 at the 90th percentile. The highest and lowest median tax bills are both $1,790, found in the 84784 zip code.
Average Hildale Assessed Value
$428,900
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 Hildale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84784 | $115,500 | $294,850 | $428,900 | $571,750 | $702,400 |
Source: Ownwell
Property Tax Bills Across Hildale, Utah
In Hildale, located in Washington County, UT, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $428,900, the tax bill can vary significantly depending on the assessed value and the local tax rate. Homeowners in Hildale can expect their property tax bills to fall within a range, with the 25th percentile at $990 and the 75th percentile reaching up to $2,553. For those at the higher end, the 90th percentile tax bill can be as much as $3,482. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. The impact on homeowners can be substantial, as higher property taxes can increase the overall cost of homeownership. Comparing this to the national median property tax rate of 0.99%, Hildale's property tax rates highlight the variability and potential financial burden on homeowners in this region.
Average Hildale Tax Bill
$1,790
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Hildale, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84784 | $313 | $990 | $1,790 | $2,553 | $3,482 |
Source: Ownwell