La Verkin, Utah Property Taxes
The median property tax rate in LA VERKIN, 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 LA VERKIN at $377,050, the typical annual property tax bill amounts to $1,712, which is well below the national median of $2,690. Property taxes in LA VERKIN are calculated based on the tax assessed value, which often falls under the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA VERKIN'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 LA VERKIN or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Verkin, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,621
Ownwell’s LA VERKIN Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LA VERKIN with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in LA VERKIN to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and make informed financial decisions. 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 Washington County and includes any applicable exemptions for property tax calculations.
Property Tax Rates Across La Verkin, Utah
Property taxes in LA VERKIN, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA VERKIN is 0.43%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within LA VERKIN set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA VERKIN 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 LA VERKIN's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84745 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with LA VERKIN 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 La Verkin 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 La Verkin, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84745 | 0.38% | 0.42% | 0.43% | 0.49% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across La Verkin, Utah
In LA VERKIN, 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 LA VERKIN, 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 LA VERKIN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in LA VERKIN is $377,050, with tax bills ranging from $1,429 at the 25th percentile to $3,050 at the 90th percentile. The zip code 84745 has the highest and lowest median tax bill of $1,712.00.
Average La Verkin Assessed Value
$377,050
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 La Verkin, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84745 | $249,550 | $315,675 | $377,050 | $460,075 | $573,780 |
Source: Ownwell
Property Tax Bills Across La Verkin, Utah
In LA Verkin, Washington County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth as of the assessment date. Homeowners in LA Verkin typically see property tax bills that fall within a range, with the 25th percentile at $1,429 and the 75th percentile at $2,268 annually. For those in the 90th percentile, tax bills can reach up to $3,050. The median home price in LA Verkin is $377,050, and the median property tax bill in the area is $1,712, which aligns with the national median property tax rate of 0.99%. Various factors influence the tax bill, including changes in market conditions, property improvements, and local tax rates. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners must stay informed about their property's assessed value and any changes in local tax policies to manage their tax liabilities effectively.
Average La Verkin Tax Bill
$1,712
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across La Verkin, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84745 | $846 | $1,429 | $1,712 | $2,268 | $3,050 |
Source: Ownwell