Richmond, Cache County, Utah Property Taxes

Name: Property Tax Bills Across Richmond, Cache County, Utah
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richmond, Utah effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Utah state median of 0.55%.
Median Richmond, Utah home value: $446,400
Median annual Richmond, Utah tax bill: $1,993, $407 lower than the national median property tax bill of $2,400.

How are property taxes in Cache calculated?

Property taxes in Richmond, Utah 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 Richmond’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richmond, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Richmond, Cache County, Utah Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.43%

Estimate Property Tax Bill

$1,917

$1,779

Ownwell’s Richmond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richmond with just two data points. By entering your property's estimated assessed value, our calculator applies Richmond’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cache County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richmond, Cache County, Utah

Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties like Cache estimate the budget needed to provide essential services and divide it by the total value of all taxable properties within their borders. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the core of how rates are established annually. In Richmond, located in Cache County, the effective property tax rate stands at 0.46%, which is notably below the national median of 1.02%. Richmond's rate is consistent across its zip code, making it one of the more favorable areas in Utah for property taxes. Comparatively, the state median property tax rate also aligns with Richmond's rate, showcasing a relatively low tax burden for property owners in the region. This makes Richmond an attractive location for those seeking lower property taxes while still benefiting from the services provided by local governments.

Property Tax Rates Across Richmond, Cache County, Utah

Source: Ownwell

0.37%

0.52%

0.67%

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 Richmond Tax Rate

0.43%

Median Effective Cache County Tax Rate

0.43%

Median Effective Utah Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richmond, Cache County, Utah

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
84333	0.10%	0.43%	0.43%	0.43%	0.44%

Source: Ownwell

Property Tax Assessment Values Across Richmond, Cache County, Utah

When examining property taxes in Richmond, 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 Cache County Appraisal District 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.

Assessment notices: In Cache 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 Richmond. For example, the median home price in Richmond is $446,400, with tax bills ranging significantly across the county. Zip code 84333 has the highest median home price at $446,400.

Property Tax Assessment Values Across Richmond, Cache County, Utah

Source: Ownwell

$334,878

$466,381

$597,884

Median Richmond Market Value

$445,923

Median Cache County Market Value

$451,144

Median Utah Market Value

$459,466

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richmond, Cache County, Utah

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
84333	$304,235	$362,885	$445,923	$555,064	$708,516

Source: Ownwell

Property Tax Bills Across Richmond, Cache County, Utah

In Richmond, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Richmond typically see a median tax bill of $1,993, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,588 and the 90th percentile reaching $3,137. Factors such as property location, size, and improvements can influence the assessed value and, consequently, the tax bill. Homeowners might find these fluctuations challenging, but that's where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially reducing their tax burden. With Ownwell's assistance, homeowners can achieve significant savings on their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Richmond, Cache County, Utah

Source: Ownwell

$1,240

$2,631

$4,021

Median Richmond Tax Bill

$1,854

Median Cache County Tax Bill

$1,842

Median Utah Tax Bill

$2,534

Median United States Tax Bill

$2,400

Property Tax Bills Across Richmond, Cache County, Utah

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
84333	$466	$1,425	$1,854	$2,311	$2,924

Source: Ownwell