Smith Mesa, Utah Property Taxes
The median property tax rate in Smith Mesa, UT is 0.70%, which is lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With a median home value of $274,100 in Smith Mesa, the typical annual property tax bill amounts to $1,931, falling below the national median of $2,690. Property taxes in Smith Mesa are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Smith Mesa'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 Smith Mesa or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smith Mesa, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,919
Ownwell’s Smith Mesa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smith Mesa with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Smith Mesa to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities clearly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Washington County, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Smith Mesa, Utah
Property taxes in Smith Mesa, Utah, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Smith Mesa is 0.70%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Smith Mesa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smith Mesa 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 Smith Mesa's effective property tax rate to other counties in Utah and the national median. For comparison, the highest median property tax rate in Utah is found in ZIP code 84101 with a rate of 1.10%, while ZIP code 84001 has the lowest median tax rate of 0.55%. Understanding how these cities compare with Smith Mesa 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 Smith Mesa Tax Rate
0.70%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smith Mesa, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Smith Mesa, Utah
In Smith Mesa, 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 Smith Mesa, 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 Smith Mesa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Smith Mesa Assessed Value
$274,100
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 Smith Mesa, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Smith Mesa, Utah
In Smith Mesa, Washington County, UT, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property, typically established through periodic evaluations. For homeowners in Smith Mesa, the median home price is $274,100. The property tax rate in this region is applied to the 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. For instance, the tax bill at the 25th, 75th, and 90th percentiles in Smith Mesa is consistently $1,931. This consistency suggests a relatively stable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, homeowners in Smith Mesa can anticipate a predictable tax obligation, which helps in budgeting and financial planning. Understanding these factors can empower homeowners to manage their property taxes more effectively.
Average Smith Mesa Tax Bill
$1,931
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Smith Mesa, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell