Hurricane, Utah Property Taxes
The median property tax rate in Hurricane, UT is 0.43%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Hurricane at $467,200, the typical annual property tax bill reaches $2,007, which is below the national median of $2,690. Property taxes in Hurricane are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hurricane'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 Hurricane or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurricane, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$2,009
Ownwell’s Hurricane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurricane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurricane 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 Hurricane, Utah
Property taxes in Hurricane, Utah, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurricane is 0.43%, which is lower than the U.S. national median of 0.99%. Local government entities within Hurricane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurricane 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 Hurricane's effective property tax rate to other counties in Utah and the national median. For comparison, the 84737 zip code has both the highest and lowest median property tax rate at 0.43%. Understanding how these cities compare with Hurricane provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurricane Tax Rate
0.43%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurricane, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84737 | 0.32% | 0.41% | 0.43% | 0.46% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Hurricane, Utah
In Hurricane, 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 Washington 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 Hurricane, 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 Hurricane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84737 sees the highest median tax bill at $2,007, which is relatively moderate compared to the national median property tax rate of 0.99%.
Average Hurricane Assessed Value
$467,200
Average Washington County Assessed Value
$457,600
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurricane, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84737 | $234,250 | $356,300 | $467,200 | $643,475 | $795,700 |
Source: Ownwell
Property Tax Bills Across Hurricane, Utah
In Hurricane, Washington County, Utah, property tax bills are determined by the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. The local tax rate is applied to this assessed value to calculate the tax bill. Several factors influence the property tax bill, including the property's location, size, and condition. The median home price in Hurricane is $467,200, and the property tax rate is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Hurricane can expect a tax bill ranging from $1,449 at the 25th percentile to $4,286 at the 90th percentile. The highest median tax bill in the area is $2,007, which is consistent across the 84737 zip code. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the region.
Average Hurricane Tax Bill
$2,007
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurricane, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84737 | $859 | $1,449 | $2,007 | $2,891 | $4,286 |
Source: Ownwell