Burrville, Utah Property Taxes
The median property tax rate in Burrville, Utah is 0.51%, which is significantly lower than both the national median of 0.99% and Utah's state median of 0.55%. With the median home value in Burrville at $319,404, the typical annual property tax bill amounts to $1,778, falling well below the national median of $2,690. Property taxes in Burrville 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 Burrville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in Burrville or another part of Sevier County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burrville, 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 Burrville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burrville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burrville 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 Burrville, Utah
Property taxes in Burrville, Utah, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Burrville is 0.51%, significantly lower than both the Utah state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Burrville set these rates annually, and they can vary across different neighborhoods. Each year, Burrville 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 Burrville's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84744 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Burrville 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 Burrville Tax Rate
0.51%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burrville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84744 | 0.41% | 0.48% | 0.51% | 0.64% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Burrville, Utah
In Burrville, 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 Burrville, 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. For instance, the median home price in Burrville is $319,404, with tax bills ranging from $1,123 at the 25th percentile to $3,987 at the 90th percentile. The highest and lowest median tax bills, both $1,778, are found in the 84744 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 Burrville Assessed Value
$319,404
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 Burrville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84744 | $145,368 | $207,935 | $319,404 | $463,311 | $527,066 |
Source: Ownwell
Property Tax Bills Across Burrville, Utah
In Burrville, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $319,404, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors such as property location, improvements, and market conditions influence the assessed value. In Burrville, tax bills range widely: at the 25th percentile, homeowners pay around $1,123, while those at the 75th percentile face bills of approximately $2,258. The top 10% of homeowners see tax bills as high as $3,987. Compared to the national median property tax rate of 0.99%, Burrville's tax rates can significantly impact homeowners, potentially altering their financial planning and homeownership costs. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Burrville Tax Bill
$1,778
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Burrville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84744 | $690 | $1,123 | $1,778 | $2,258 | $3,987 |
Source: Ownwell