Kanab, Utah Property Taxes
The median property tax rate in Kanab, Utah is 0.74%, which is lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With the median home value in Kanab at $301,889, the typical annual property tax bill reaches $2,011, falling below the national median of $2,690. Property taxes in Kanab are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kanab'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 Kanab 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
Kanab, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,234
Ownwell’s Kanab Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kanab with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kanab 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 Kanab, Utah
Property taxes in Kanab, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kanab is 0.74%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Kanab set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kanab 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 Kanab's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84741 has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Kanab provides valuable insights into the varying tax landscape across Kane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kanab Tax Rate
0.74%
Average Kane County Tax Rate
0.74%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kanab, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84741 | 0.47% | 0.47% | 0.74% | 0.74% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Kanab, Utah
In Kanab, 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 Kane 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 Kanab, 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 Kanab helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84741 has both the highest and lowest median tax bill, which is $2011.
Average Kanab Assessed Value
$301,889
Average Kane County Assessed Value
$283,025
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kanab, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84741 | $98,003 | $209,191 | $301,889 | $498,884 | $777,711 |
Source: Ownwell
Property Tax Bills Across Kanab, Utah
In Kanab, located in Kane County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the final tax bill. The median home price in the area is $301,889, which serves as a benchmark for calculating property taxes. Homeowners in Kanab can expect property tax bills that vary significantly. The tax bill at the 25th percentile is $1,061, while at the 75th percentile, it rises to $3,514. For those in the 90th percentile, the tax bill can reach as high as $5,656. The highest and lowest median tax bills in the area are both $2,011, indicating some consistency within the region. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Compared to the national median property tax rate of 0.99%, Kanab's rates reflect the local economic conditions and public service needs.
Average Kanab Tax Bill
$2,011
Average Kane County Tax Bill
$1,926
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Kanab, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84741 | $691 | $1,061 | $2,011 | $3,514 | $5,656 |
Source: Ownwell