Redmond, Utah Property Taxes
The median property tax rate in Redmond, Utah is 0.48%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Redmond at $267,707, the typical annual property tax bill amounts to $1,356, well below the national median of $2,690. Property taxes in Redmond are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Redmond'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 Redmond or another part of Sevier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Redmond, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,285
Ownwell's Redmond Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Redmond. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Redmond to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for tax calculations and may include applicable exemptions.
Property Tax Rates Across Redmond, Utah
Property taxes in Redmond, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Redmond is 0.48%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Redmond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Redmond 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 Redmond's effective property tax rate to other counties in Utah and the national median. For comparison, the 84652 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Redmond 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 Redmond Tax Rate
0.48%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Redmond, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84652 | 0.48% | 0.48% | 0.48% | 0.48% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Redmond, Utah
In Redmond, 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 Sevier County 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 Redmond, 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. For instance, Redmond's median home price is $267,707, with tax bills ranging from $1,006 at the 25th percentile to $2,505 at the 90th percentile. The zip code 84652 has the highest median tax bill of $1,356. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Redmond Assessed Value
$267,707
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 Redmond, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84652 | $166,857 | $207,319 | $267,707 | $358,876 | $500,348 |
Source: Ownwell
Property Tax Bills Across Redmond, Utah
In Redmond, Sevier County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Redmond is $267,707. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Redmond typically see tax bills ranging from $1,006 at the 25th percentile to $1,889 at the 75th percentile, with the 90th percentile reaching up to $2,505. These figures are relatively moderate compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both recorded at $1,356, indicating some consistency in tax assessments. Understanding how these factors come together helps homeowners anticipate their annual expenses and plan accordingly, ensuring they are prepared for their property tax obligations.
Average Redmond Tax Bill
$1,356
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Redmond, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84652 | $772 | $1,006 | $1,356 | $1,889 | $2,505 |
Source: Ownwell