Example of Tooele County Property Tax Calculation
Tooele County calculates property taxes based on the value of the property. The taxable value is determined by multiplying the assessed value, which is set by the county assessor, by the state mandated residential assessment rate of 55%. For example, if the assessed value of a property is $100,000, the taxable value would be $55,000.
Next, the tax rate is applied to the taxable value. This rate varies depending on the location and purpose of the property. For residential property in Tooele County, the current tax rate is 0.007040. Using our previous example, the property tax would be calculated as follows:
Taxable value: $55,000 Tax rate: 0.007040 Property tax: $387.20
It's important to note that this is just an example and actual property tax calculations may vary. It's always a good idea to consult with the county assessor's office or a tax professional for more accurate information.
If you want appeal your property tax assessment - contact your local tax assessor.
Tooele County Property Tax Rates
Tooele County Property Tax Rates
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $0.005646 |
| Commercial | $0.012776 |
| Industrial | $0.012776 |
| Agricultural | $0.002876 |
| Personal Property | $0.012776 |
These are the current property tax rates for Tooele County. The rates are based on the assessed value of the property and vary depending on the type of property. The residential tax rate is $0.005646 per $100 of assessed value, while the commercial and industrial rates are the same at $0.012776 per $100 of assessed value. The agricultural tax rate is much lower at $0.002876 per $100 of assessed value. Finally, the personal property tax rate is also $0.012776 per $100 of assessed value.
Who sets property tax rates in Tooele County ?
Tooele County Property Tax Rates
Tooele County property tax rates are set by the Tooele County Board of Commissioners. This board consists of three elected officials who serve four-year terms. The board meets regularly to discuss and vote on county matters, including property tax rates.
The property tax rates for Tooele County are set once a year, usually in August or September. The rates are based on the assessed value of the property and are used to fund various county services, such as education, roads, and law enforcement.
To determine the assessed value of a property, the Tooele County Assessor's Office evaluates the property's market value and then applies a percentage based on the property's use. Residential properties are typically assessed at a lower percentage than commercial properties.
Property owners in Tooele County can appeal their property tax assessment if they believe it is inaccurate. The appeal process involves filling out a form and providing evidence to support the appeal.
Overall, Tooele County property tax rates are an important source of funding for essential county services, and the Board of Commissioners plays a key role in setting these rates each year.
Homestead exemptions in Tooele County ?
Tooele County in Utah offers various Homestead exemptions and deductions to eligible individuals. Here are the details of each exemption and deduction, along with their respective eligibility criteria and amounts:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Primary residence owners | $2,500 | Must have owned the property as of Jan. 1st |
| Blind or Disabled Exemption | Blind or disabled individuals | $4,000 | Must meet disability requirements |
| Surviving Spouse Exemption | Surviving spouse of a deceased property owner | $2,500 | Must provide evidence of surviving spouse status |
| Veterans Exemption | Veterans with qualifying service | $4,000 | Must provide proof of qualifying service |
| Circuit Breaker Exemption | Low-income homeowners | Varies based on income | Must meet income eligibility requirements |
It is important to note that some exemptions and deductions may not be available in certain circumstances or may have additional requirements. Individuals should consult with the Tooele County Assessor's Office for further information and assistance in determining eligibility.
When is Tooele County Property Tax due ?
Tooele County Property Tax is typically due on November 30th each year. Here are some payment options available to taxpayers in Tooele County:
Payment Methods
| Method | Description |
|---|---|
| Online Payment | Taxpayers can pay their property taxes online using the Tooele County Treasurer's website. The website accepts electronic checks, credit cards, or debit cards. |
| Taxpayers can mail their property tax payment to the Tooele County Treasurer's office. The payment should include the payment slip and be postmarked by the due date. | |
| In-Person | Taxpayers can pay their property taxes in person at the Tooele County Treasurer's office using cash, check, or money order. |
| Drop Box | A drop box is available at the Tooele County Treasurer's office for after-hours payments. The payment should be in an envelope with the payment slip enclosed. |
It is important to note that if the property tax payment is not received by the due date, penalties and interest will accrue. Taxpayers are encouraged to pay their property tax on time to avoid additional fees.
If you have more questions - contact your local tax collector.
How is Tooele County Property Tax penalty calculated ?
Tooele County Property Tax Penalty Calculation
When a property owner in Tooele County fails to pay their property taxes by the due date, they will be subject to penalty charges. The penalty charges are calculated based on the amount of unpaid taxes and the number of days past the due date that the taxes remain unpaid. Here is an example to help understand how the penalty is calculated:
- Property Tax Due: $2,000
- Due Date: November 30th
- Payment Date: January 15th (45 days past the due date)
To calculate the penalty, first, find the daily penalty rate. Tooele County charges a penalty rate of 0.5% per day, which is applied to the outstanding balance.
Daily Penalty Rate: 0.5% of $2,000 = $10 per day
Now, find the number of days past the due date:
Days past Due Date: January 15th - November 30th = 45 days
Finally, calculate the penalty charge:
Penalty Charge: $10 per day x 45 days = $450
Therefore, the property owner in this example would owe $2,000 + $450 = $2,450 in total property taxes and penalties.
It is important for property owners in Tooele County to pay their property taxes on time to avoid penalty charges. If you have any questions about your property taxes or penalty charges, contact the Tooele County Treasurer's Office for assistance.
We recommend contacting the Tooele County Tax Office or a local tax professional for the most up-to-date and accurate information.