Roosevelt, Utah Property Taxes
The median property tax rate in Roosevelt, Utah is 0.61%, slightly higher than the state median of 0.55% but still below the national median of 0.99%. With a median home value of $229,500 in Roosevelt, the typical annual property tax bill is approximately $818, which is significantly lower than the national median of $2,690. Property taxes in Roosevelt are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Roosevelt's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Roosevelt or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roosevelt, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,400
Ownwell’s Roosevelt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roosevelt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roosevelt 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 Roosevelt, Utah
Property taxes in Roosevelt, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roosevelt is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within Roosevelt set these rates annually, and they can vary across different neighborhoods. Each year, Roosevelt 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 Roosevelt's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84066 has the same median property tax rate of 0.61%. Understanding how these areas compare with Roosevelt provides valuable insights into the varying tax landscape across Duchesne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roosevelt Tax Rate
0.61%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roosevelt, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84066 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Roosevelt, Utah
In Roosevelt, 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 local 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 Roosevelt, 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 Roosevelt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 84066, with a median tax bill of $818.
Average Roosevelt Assessed Value
$229,500
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 Roosevelt, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84066 | $135,000 | $135,000 | $229,500 | $297,000 | $392,400 |
Source: Ownwell
Property Tax Bills Across Roosevelt, Utah
In Roosevelt, located in Washington County, UT, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $229,500, homeowners can expect a median tax bill of around $818. This amount is consistent across various percentiles, indicating a stable tax rate in the area. Several factors influence the assessed value, including the property's location, size, and condition. Local tax rates are applied to this assessed value to determine the final tax bill. Homeowners in Roosevelt benefit from relatively lower property taxes compared to the national median property tax rate of 0.99%. This can make homeownership more affordable and appealing in this region. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Roosevelt Tax Bill
$818
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Roosevelt, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84066 | $818 | $818 | $818 | $818 | $818 |
Source: Ownwell