Minersville, Utah Property Taxes
The median property tax rate in Minersville, UT is 0.54%, slightly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Minersville at $222,988, the typical annual property tax bill reaches $1,206, which is below the national median of $2,690. Property taxes in Minersville 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 Minersville'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 Minersville 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
Minersville, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,204
Ownwell’s Minersville Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Minersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Minersville 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 Minersville, Utah
Property taxes in Minersville, Utah, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Minersville is 0.54%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Minersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Minersville 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 Minersville's effective property tax rate to other counties in Utah and the national median. For comparison, the 84752 zip code has both the highest and lowest median property tax rate of 0.54%. Understanding how these cities compare with Minersville provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Minersville Tax Rate
0.54%
Average Beaver County Tax Rate
0.57%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Minersville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84752 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Minersville, Utah
In Minersville, 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 Beaver 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 Minersville, 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 Minersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1206, found in zip code 84752.
Average Minersville Assessed Value
$222,988
Average Beaver County Assessed Value
$175,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Minersville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84752 | $189,924 | $208,175 | $222,988 | $263,606 | $295,151 |
Source: Ownwell
Property Tax Bills Across Minersville, Utah
In Minersville, located in Beaver County, UT, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the market value of the home. Homeowners in Minersville can expect their tax bills to vary, with the 25th percentile tax bill at $1,126 and the 75th percentile reaching $1,430. The 90th percentile tax bill can go up to $1,597, indicating a range influenced by property values and specific local rates. For comparison, the national median property tax rate is 0.99%, which provides context for understanding how local rates might differ. Factors such as property improvements, neighborhood developments, and changes in local government budgets can all affect the assessed value and, consequently, the tax bill. These property taxes are crucial for funding public services such as schools, roads, and emergency services, directly impacting the quality of life for homeowners in the area.
Average Minersville Tax Bill
$1,206
Average Beaver County Tax Bill
$1,101
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Minersville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84752 | $1,027 | $1,126 | $1,206 | $1,430 | $1,597 |
Source: Ownwell