Tax Comparison: Spanish fork, UT vs Bagley, IA
Understanding Your Tax Burden
This page compares the three main types of taxes between Spanish fork, UT and Bagley, IA: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Spanish fork, UT
$1,914
Based on a $419,200 home
Rate: 0.4567%
Bagley, IA
$5,555
Based on a $419,200 home
Rate: 1.3252%
| Data | Spanish fork, UT | Bagley, IA |
|---|---|---|
| Effective Property Tax Rate | 0.4567% | 1.3252% |
| Estimated Property Tax | $1,914 | $5,555 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Spanish fork, UT are $3,641 lower than in Bagley, IA for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
UT
4.65%
Single: $4,700
Married: $8,460
IA
4.4%-5.7%
Single: $3,800
Married: $6,840
| Data | UT | IA |
|---|---|---|
| Tax Rate | 4.65% | 4.4%-5.7% |
| Single Filer ($100k) | $4,700 | $3,800 |
| Married Couple ($200k) | $8,460 | $6,840 |
| Median Income ($80.6k) | $3,789 | $3,061 |
Comparison: Income taxes in IA are $728 lower than in UT for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Spanish fork, UT
10.300%
Combined rate
Annual sales tax: $1596
(Based on $15,500 spending)
Bagley, IA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Spanish fork, UT | Bagley, IA |
|---|---|---|
| State Sales Tax | 6.10% | 6.00% |
| Combined Sales Tax | 10.300% | 8.000% |
| Annual Tax Amount | $1,596 | $1,240 |
Comparison: Shopping in Bagley, IA costs $356 less in annual sales tax than in Spanish fork, UT for the average household.
Tax Comparison Insights
Tax Insights: Spanish fork vs Bagley
- Property Tax: Spanish fork has a 0.8685 percentage points lower effective property tax rate than Bagley.
- Income Tax: Living in IA could save you approximately $728 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Bagley is 2.30 percentage points lower than in Spanish fork.
Overall Tax Burden Comparison
Spanish fork, UT
$7,299
Combined annual tax burden
Property
$1,914
Income
$3,789
Sales
$1,596
Bagley, IA
$9,856
Combined annual tax burden
Property
$5,555
Income
$3,061
Sales
$1,240
Overall Comparison: Spanish fork, UT has an estimated $2,557 lower total tax burden than Bagley, IA based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.