Park Valley, Box Elder County, Utah Property Taxes
Median Park Valley, UT effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Utah state median of 0.55%.
Median Park Valley, UT home value: $173,231
Median annual Park Valley, UT tax bill: $890, $1,510 lower than the national median property tax bill of $2,400.
How are property taxes in Box Elder County calculated?
Property taxes in Park Valley, UT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Park Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Park Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Park Valley, Box Elder County, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$814
$756
Property Tax Rates Across Park Valley, Box Elder County, Utah
Local government entities have the authority to set property tax rates, which can differ significantly across various regions. Each year, counties determine their necessary budget for public services and divide it by the total value of all taxable property within their area, resulting in the property tax rate. This process, though influenced by votes and legislation, essentially outlines how rates are established annually.
In Park Valley, Box Elder County, Utah, the effective property tax rate is notably lower than both the state and national medians. Utah's median property tax rate stands at 0.47%, which is less than half of the national median rate of 1.02%. This means that homeowners in Park Valley enjoy significantly lower property tax bills compared to many other areas across the United States. The favorable tax climate in Park Valley makes it an attractive location for property owners seeking to reduce their tax burden while benefiting from the local services provided by the county. This financial advantage can be a compelling reason for prospective property buyers and current homeowners to consider Park Valley as a desirable place to live and invest.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Park Valley Tax Rate
0.47%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Box Elder County Tax Rate
0.49%
Median Effective Utah Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Park Valley, Box Elder County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84329 | 0.43% | 0.45% | 0.47% | 0.62% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Park Valley, Box Elder County, Utah
When examining property taxes in Park Valley, Utah, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Box Elder County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Box Elder County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Park Valley.
For example, the median home price in Park Valley is $173,231, with tax bills ranging significantly across the county. 84329 has the highest median home price at $173,231.
Property Tax Assessment Values Across Park Valley, Box Elder County, Utah
Source: Ownwell
$150,952
$421,652
$692,351
Median Park Valley Market Value
$173,231
Median Box Elder County Market Value
$420,318
Median Utah Market Value
$457,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Park Valley, Box Elder County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84329 | $26,821 | $79,921 | $173,231 | $257,816 | $375,120 |
Source: Ownwell
Property Tax Bills Across Park Valley, Box Elder County, Utah
In Park Valley, Box Elder County, UT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, taking into account factors such as the property's market value and any applicable exemptions. With a median home price of $173,231, homeowners in Park Valley can expect varying tax bills, with the 25th percentile at $403 and the 75th percentile at $1,333. Comparatively, the national median property tax bill is $2,400, indicating that Park Valley homeowners generally face lower tax obligations. However, these bills can still impact a homeowner's budget significantly.
Ownwell can assist homeowners in Park Valley by reviewing their property assessments to ensure accuracy and identify potential savings. By appealing incorrect assessments and securing exemptions, Ownwell helps reduce property tax burdens. This service not only saves money but also provides peace of mind, knowing that experts are working to optimize your property tax situation.
Median Park Valley Tax Bill
$890
Median Box Elder County Tax Bill
$1,988
Median Utah Tax Bill
$2,492
Median United States Tax Bill
$2,400
Property Tax Bills Across Park Valley, Box Elder County, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84329 | $162 | $403 | $890 | $1,333 | $1,970 |
Source: Ownwell