Cedar City, Utah Property Taxes
The median property tax rate in Cedar City, UT is 0.44%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Cedar City at $320,000, the typical annual property tax bill amounts to $1,410, well below the national median of $2,690. Property taxes in Cedar City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedar City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cedar City or another part of Iron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar City, Utah Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Cedar City Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in Cedar City using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar City to give you an estimate of your property tax bill. This powerful tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, you can scroll down for localized information. Your property’s assessed value is determined by Iron County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Cedar City, Utah
Property taxes in Cedar City, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar City is 0.44%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Cedar City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar City estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cedar City's effective property tax rate to other counties in Utah and the national median. For comparison, the 84723 zip code has the highest median property tax rate of 0.79%, while the 84721 zip code has the lowest median tax rate of 0.44%. Understanding how these cities compare with Cedar City provides valuable insights into the varying tax landscape across Iron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar City Tax Rate
0.44%
Average Iron County Tax Rate
0.74%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84720 | 0.44% | 0.44% | 0.44% | 0.44% | 0.80% |
| 84721 | 0.41% | 0.43% | 0.44% | 0.44% | 0.79% |
| 84723 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| 84756 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Cedar City, Utah
In Cedar City, Utah, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Iron County Assessor for tax purposes. In contrast, the assessed value 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 Cedar City are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the highest median tax bill is $1,539 in the 84720 zip code, while the lowest is $116 in the 84723 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cedar City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar City Assessed Value
$320,000
Average Iron County Assessed Value
$176,312
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84720 | $70,298 | $227,500 | $340,997 | $494,863 | $672,703 |
| 84721 | $42,917 | $243,000 | $315,400 | $437,570 | $591,645 |
| 84723 | $14,680 | $14,680 | $14,680 | $14,680 | $14,680 |
| 84756 | $3,405 | $3,405 | $3,405 | $3,405 | $3,405 |
Source: Ownwell
Property Tax Bills Across Cedar City, Utah
In Cedar City, located in Iron 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. Once the assessed value is established, the property tax rate is applied to calculate the annual tax bill. The median home price in Cedar City is $320,000, and the property tax rates can vary significantly within the area. For homeowners in Cedar City, tax bills can range widely. For example, the tax bill at the 25th percentile is approximately $981, while at the 75th percentile, it is around $2049. At the 90th percentile, the tax bill can reach up to $2807. The highest median tax bill recorded in the area is $1539 in the 84720 zip code, whereas the lowest median tax bill is $116 in the 84723 zip code. These variations in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Cedar City Tax Bill
$1,410
Average Iron County Tax Bill
$974
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar City, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84720 | $507 | $1,083 | $1,539 | $2,236 | $3,048 |
| 84721 | $273 | $1,065 | $1,381 | $1,923 | $2,608 |
| 84723 | $116 | $116 | $116 | $116 | $116 |
| 84756 | $26 | $26 | $26 | $26 | $26 |
Source: Ownwell