Scofield, Utah Property Taxes
The median property tax rate in Scofield, Utah is 1.12%, considerably higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Scofield, the typical annual property tax bill reaches $985, which is lower than the national median of $2,690. Property taxes in Scofield 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 Scofield'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 Scofield 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
Scofield, Utah Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Scofield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scofield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scofield 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 Scofield, Utah
Property taxes in Scofield, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scofield is 0.52%, lower than both the Utah state median of 0.58% and the U.S. national median of 0.99%. Local government entities within Scofield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scofield 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 Scofield's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84001 has the highest median property tax rate of 0.58%, while zip code 84001 also has the lowest median tax rate of 0.58%. Understanding how these areas compare with Scofield provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scofield Tax Rate
1.12%
Average Carbon County Tax Rate
0.64%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scofield, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84526 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Scofield, Utah
In Scofield, 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 Carbon County 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 Scofield, 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 Scofield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84526 has the highest and lowest median tax bill, both at $985.
Average Scofield Assessed Value
$87,589
Average Carbon County Assessed Value
$103,550
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scofield, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84526 | $87,589 | $87,589 | $87,589 | $87,589 | $87,589 |
Source: Ownwell
Property Tax Bills Across Scofield, Utah
In Scofield, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is a percentage of the property's market value. The property tax rate in Scofield is applied to the assessed value to determine the annual tax bill. For example, with a median home price of $87,589, homeowners can expect a tax bill around $985, which is consistent across different percentiles in the area. Factors such as property size, location, and improvements can affect the assessed value, thus influencing the tax bill. Compared to the national median property tax rate of 0.99%, Scofield's property tax rate results in a relatively moderate tax burden for homeowners. This predictable tax bill helps homeowners budget more effectively, but it also means that any increase in the assessed property value can lead to higher taxes. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities and plan accordingly.
Average Scofield Tax Bill
$985
Average Carbon County Tax Bill
$661
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Scofield, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84526 | $985 | $985 | $985 | $985 | $985 |
Source: Ownwell