Grand County Property Taxes
The median property tax rate in Grand County is 0.92%, which is significantly lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With the median home value in Grand County at $475,396, the typical annual property tax bill reaches $4,126, which is above the national median of $2,690. Property taxes in Grand County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Grand County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Moab or another part of Grand County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grand County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$4,374
Ownwell’s Grand County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Grand County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grand County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Grand County, Utah
Property taxes in Grand County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grand County is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Grand County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grand County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Grand County's effective property tax rate with other regions and the national median. For comparison, the city of Moab has one of the higher property tax rates in the area at 0.92%, while the city of Castle Valley boasts one of the lowest at 0.65%. Analyzing how Grand County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grand County Tax Rate
0.92%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand County, Utah
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Castle Valley | 0.44% | 0.52% | 0.65% | 0.78% | 0.86% |
| Moab | 0.50% | 0.92% | 0.92% | 0.92% | 0.92% |
| Thompson | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Grand County, Utah
In Grand County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Grand County Appraisal District. The assessed value, however, 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. Assessment notices in Grand County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Castle Valley has the highest median tax bill at $5,669, while Thompson has the lowest at $2,033. Being aware of these valuation processes in Grand County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Grand County Assessed Value
$475,396
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand County, Utah
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Castle Valley | $380,648 | $503,770 | $708,974 | $914,178 | $1,037,300 |
| Moab | $194,202 | $353,753 | $475,396 | $697,320 | $1,100,000 |
| Thompson | $236,747 | $236,747 | $236,747 | $236,747 | $236,747 |
Source: Ownwell
Property Tax Bills Across Grand County, Utah
In Grand County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Grand County can expect varying property tax bills depending on their home's value and location. For instance, the median home price in the county is $475,396. The property tax bill at the 25th percentile is $2,269, while at the 75th percentile, it rises to $6,382. For those at the 90th percentile, the tax bill can reach up to $9,332. Notably, the city of Castle Valley has the highest median tax bill at $5,669, whereas Thompson has the lowest at $2,033. These figures illustrate the range of property tax bills homeowners might face, highlighting the impact of property values and specific localities on tax obligations. Compared to the national median property tax rate of 0.99%, Grand County's rates reflect the local economic landscape and housing market.
Average Grand County Tax Bill
$4,126
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand County, Utah
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Castle Valley | $2,056 | $3,411 | $5,669 | $7,926 | $9,281 |
| Moab | $1,359 | $2,269 | $4,126 | $6,382 | $9,332 |
| Thompson | $2,033 | $2,033 | $2,033 | $2,033 | $2,033 |
Source: Ownwell