Levan, Utah Property Taxes
The median property tax rate in Levan, Utah is 0.58%, slightly higher than the state median of 0.55% but still below the national median of 0.99%. With a median home value of $354,778 in Levan, the typical annual property tax bill amounts to $2,010, which is lower than the national median of $2,690. Property taxes in Levan are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Levan'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 Levan or another part of Juab County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Levan, 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 Levan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Levan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Levan 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 Levan, Utah
Property taxes in Levan, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Levan is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Levan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Levan 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 Levan's effective property tax rate to other counties in Utah and the national median. For comparison, the 84639 zip code has the highest median property tax rate of 0.58%, while the 84639 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Levan provides valuable insights into the varying tax landscape across Juab County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Levan Tax Rate
0.58%
Average Juab County Tax Rate
0.59%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Levan, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84639 | 0.55% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Levan, Utah
In Levan, 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 Juab 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. Assessment notices in Levan 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. Knowing these valuation processes in Levan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84639 has the highest and lowest median tax bills, both at $2,010.
Average Levan Assessed Value
$354,778
Average Juab County Assessed Value
$429,656
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Levan, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84639 | $188,928 | $254,962 | $354,778 | $499,575 | $626,801 |
Source: Ownwell
Property Tax Bills Across Levan, Utah
In Levan, Juab County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's market value, location, and any applicable exemptions or abatements are considered in this calculation. For homeowners in Levan, the median home price stands at $354,778. Property tax bills can vary significantly, with the 25th percentile bill at $1,429 and the 75th percentile reaching $2,828. At the higher end, the 90th percentile tax bill is $3,569. The median tax bill in the area is $2,010, which is above the national median property tax rate of 0.99%. This variation in tax bills can impact homeowners' financial planning and budgeting, making it essential for residents to understand how their property taxes are calculated and what factors might influence their annual tax obligations.
Average Levan Tax Bill
$2,010
Average Juab County Tax Bill
$2,512
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Levan, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84639 | $1,034 | $1,429 | $2,010 | $2,828 | $3,569 |
Source: Ownwell