Enoch, Utah Property Taxes
The median property tax rate in Enoch, UT is 0.41%, which is notably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Enoch at $382,017, the typical annual property tax bill amounts to $1,564, significantly below the national median of $2,690. Property taxes in Enoch are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Enoch's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Enoch or another part of Iron County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enoch, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,566
Ownwell’s Enoch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enoch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enoch to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Enoch, Utah
Property taxes in Enoch, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enoch is 0.41%, which is lower than the U.S. national median of 0.99%. Local government entities within Enoch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enoch 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 Enoch's effective property tax rate to other areas in Iron County and the national median. For comparison, the zip code 84721 has both the highest and lowest median property tax rate of 0.41%, identical to Enoch's median tax rate. Understanding how these areas compare with Enoch 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 regions.
Average Enoch Tax Rate
0.41%
Average Iron County Tax Rate
0.74%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enoch, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84721 | 0.41% | 0.41% | 0.41% | 0.47% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Enoch, Utah
In Enoch, 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. In Enoch, assessment notices 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest and lowest median tax bills in Enoch are both $1,628 in the 84721 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Enoch Assessed Value
$382,017
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 Enoch, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84721 | $67,281 | $213,245 | $394,138 | $445,673 | $543,313 |
Source: Ownwell
Property Tax Bills Across Enoch, Utah
In Enoch, located in Iron County, UT, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by local tax assessors and reflects the market value of the property. Once the assessed value is established, the local tax rate, which varies by jurisdiction, is applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Enoch is $382,017, which serves as a baseline for tax calculations. Homeowners in the 25th percentile can expect to pay around $547, while those in the 75th percentile may see bills as high as $1,824. The top 10% of property tax bills can reach up to $2,207. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Therefore, understanding how these factors affect your tax bill can help homeowners better manage their financial planning.
Average Enoch Tax Bill
$1,564
Average Iron County Tax Bill
$974
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Enoch, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84721 | $499 | $878 | $1,628 | $1,867 | $2,276 |
Source: Ownwell