Taylor, Weber County, Utah Property Taxes
The median property tax rate in Taylor, Utah is 0.56%, slightly above the Utah state median of 0.55% but below the national median of 0.99%. With a median home value of $693,000 in Taylor, the typical annual property tax bill amounts to $3,914, which is significantly higher than the national median of $2,690. Property taxes in Taylor are determined based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Taylor's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Taylor or another part of Weber County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Taylor, Weber County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,881
$3,601
Ownwell’s Taylor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taylor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taylor 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 Taylor, Weber County, Utah
Property taxes in Taylor, Utah, play a crucial role in supporting essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Taylor is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84401 has the same median property tax rate of 0.56%. Understanding how these cities compare with Taylor provides valuable insights into the varying tax landscape across Weber County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taylor Tax Rate
0.56%
Average Weber County Tax Rate
0.64%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor, Weber County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84401 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Taylor, Weber County, Utah
In Taylor, 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 Weber 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 Taylor, 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 Taylor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Taylor are both $3,914, found in the 84401 zip code.
Property Tax Assessment Values Across Taylor, Weber County, Utah
Source: Ownwell
$338,000
$599,685
$861,370
Average Taylor Assessed Value
$693,000
Average Weber County Assessed Value
$413,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taylor, Weber County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84401 | $556,000 | $627,000 | $693,000 | $734,000 | $911,000 |
Source: Ownwell
Property Tax Bills Across Taylor, Weber County, Utah
In Taylor, located in Weber County, UT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $693,000, the tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $3,541, while those in the 75th percentile might pay approximately $4,145. At the 90th percentile, the tax bill can reach up to $5,153. Several factors influence these calculations, including property size, location, and any applicable exemptions. This system ensures that property taxes are proportionate to the property's value, impacting homeowners by tying their tax obligations to their home's worth. Compared to the national median property tax rate of 0.99%, Taylor's property tax rates reflect the local economic conditions and funding requirements for public services. Homeowners must stay informed about these factors to manage their financial responsibilities effectively.
Average Taylor Tax Bill
$3,914
Average Weber County Tax Bill
$2,637
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Weber County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84401 | $3,140 | $3,541 | $3,914 | $4,145 | $5,153 |
Source: Ownwell