Virgin, Utah Property Taxes
The median property tax rate in Virgin, Utah is 0.39%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Virgin, the typical annual property tax bill reaches $1,620, significantly below the national median of $2,690. Property taxes in Virgin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Virgin'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 Virgin 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
Virgin, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$1,730
Ownwell’s VIRGIN Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in VIRGIN with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in VIRGIN to provide an estimate of your property tax bill. This practical tool helps you gain a clear understanding of your potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Virgin, Utah
Property taxes in Virgin, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Virgin is 0.39%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Virgin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Virgin 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 Virgin'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 0.68%, while the lowest median tax rate is 0.13%. Understanding how these cities compare with Virgin 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 Virgin Tax Rate
0.39%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Virgin, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84779 | 0.19% | 0.36% | 0.39% | 0.42% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Virgin, Utah
In Virgin, 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 Appraisal District 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 Virgin, 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 Virgin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Virgin is $1,620 in the 84779 zip code, while the lowest is also $1,620 in the same zip code.
Average Virgin Assessed Value
$443,700
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 Virgin, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84779 | $144,040 | $274,700 | $443,700 | $695,200 | $887,480 |
Source: Ownwell
Property Tax Bills Across Virgin, Utah
In Virgin, located in Washington County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made to the home. For homeowners in Virgin, the property tax bill can vary significantly. The tax bill at the 25th percentile is $965, indicating that a quarter of homeowners pay less than this amount annually. On the higher end, the 75th percentile tax bill is $2,424, and the 90th percentile reaches $3,371. These variations highlight how property taxes can impact household budgets differently. Compared to the national median property tax rate of 0.99%, Virgin's tax rates can be more favorable or burdensome depending on the property's assessed value. Homeowners should be aware of these factors as they can significantly affect their annual financial planning.
Average Virgin Tax Bill
$1,620
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Virgin, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84779 | $421 | $965 | $1,620 | $2,424 | $3,371 |
Source: Ownwell