Winchester Hills, Utah Property Taxes
The median property tax rate in Winchester Hills, UT is 0.66%, which is lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With a median home value of $235,700 in Winchester Hills, the typical annual property tax bill amounts to $1,560, which is below the national median of $2,690. Property taxes in Winchester Hills are calculated based on the assessed value, which often falls below the market value thanks to exemptions such as the primary residence and agricultural exemptions. Understanding Winchester Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Winchester Hills 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
Winchester Hills, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,556
Ownwell's Winchester Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winchester Hills with just two data points. By entering your property’s estimated assessed value, the calculator applies the median tax rate in Winchester Hills 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 Winchester Hills, Utah
Property taxes in Winchester Hills, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winchester Hills is 0.66%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Winchester Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchester Hills 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 Winchester Hills' effective property tax rate to other counties in Utah and the national median. For comparison, the 84770 zip code has the highest median property tax rate of 0.66%, while the 84770 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Winchester Hills 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 Winchester Hills Tax Rate
0.66%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winchester Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84770 | 0.37% | 0.59% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Winchester Hills, Utah
In Winchester Hills, 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 Winchester Hills, 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 Winchester Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,560 in the 84770 zip code.
Property Tax Assessment Values Across Winchester Hills, Utah
Source: Ownwell
$62,800
$623,900
$1,185,000
Average Winchester Hills Assessed Value
$235,700
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 Winchester Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84770 | $108,360 | $147,400 | $235,700 | $237,375 | $623,160 |
Source: Ownwell
Property Tax Bills Across Winchester Hills, Utah
In Winchester Hills, located in Washington County, UT, property tax bills are determined by a combination of the property’s assessed value and the local tax rate. The assessed value is based on the market value of the home, which in this region has a median home price of $235,700. This value is then multiplied by the property tax rate to calculate the annual tax bill. For instance, homeowners in Winchester Hills experience tax bills ranging from $1,555 at the 25th percentile to $2,514 at the 90th percentile, reflecting variations in property values and tax rates. Factors such as property size, location, and improvements made to the property can influence its assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Winchester Hills residents may find their tax obligations to be relatively moderate. Understanding how these elements interact is crucial for homeowners, as it directly impacts their annual financial planning and long-term investment in their property.
Average Winchester Hills Tax Bill
$1,560
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Winchester Hills, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84770 | $1,135 | $1,555 | $1,560 | $1,739 | $2,514 |
Source: Ownwell