Aurora, Utah Property Taxes
The median property tax rate in Aurora, Utah is 0.50%, notably lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $294,160 in Aurora, the typical annual property tax bill is $1,480, which is significantly below the national median of $2,690. Property taxes in Aurora are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural land. By understanding Aurora's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're situated in the heart of Aurora or another part of Sevier County, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Aurora, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,471
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, Utah
Property taxes in Aurora, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 0.50%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in Utah and the national median. For comparison, the 84620 zip code has the highest median property tax rate of 0.50%, while the 84620 zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Aurora provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
0.50%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84620 | 0.50% | 0.50% | 0.50% | 0.50% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Utah
In Aurora, 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 Sevier 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 Aurora, 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. Being aware of these valuation processes in Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84620 has the highest and lowest median tax bill at $1,480.
Average Aurora Assessed Value
$294,160
Average Sevier County Assessed Value
$296,622
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84620 | $188,514 | $232,606 | $294,160 | $391,330 | $485,652 |
Source: Ownwell
Property Tax Bills Across Aurora, Utah
In Aurora, located in Sevier County, UT, property tax bills are calculated based on the assessed value of a home. The assessed value is typically determined by the county assessor and is a percentage of the property's market value. For example, with a median home price of $294,160, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $1,145, while those in the 75th percentile might pay approximately $1,973. At the 90th percentile, the tax bill can reach up to $2,482. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These taxes fund essential public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Aurora's property tax rates can be relatively moderate, but the exact impact on homeowners varies. Understanding these factors can help homeowners budget and plan for their annual property tax obligations effectively.
Average Aurora Tax Bill
$1,480
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84620 | $847 | $1,145 | $1,480 | $1,973 | $2,482 |
Source: Ownwell