Leamington, Utah Property Taxes
The median property tax rate in Leamington, UT is 0.60%, slightly higher than the Utah state median of 0.55% but well below the national median of 0.99%. With the median home value in Leamington at $223,843, the typical annual property tax bill amounts to $1,339, which is significantly less than the national median of $2,690. Property taxes in Leamington are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Leamington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Leamington or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leamington, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,343
Ownwell’s Leamington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leamington using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leamington to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value, determined by Millard County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Leamington, Utah
Property taxes in Leamington, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leamington is 0.60%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Leamington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leamington 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 Leamington's effective property tax rate to other counties in Utah and the national median. For comparison, the 84638 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Leamington provides valuable insights into the varying tax landscape across Millard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leamington Tax Rate
0.60%
Average Millard County Tax Rate
0.56%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leamington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84638 | 0.54% | 0.58% | 0.60% | 0.65% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Leamington, Utah
In Leamington, 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 Millard 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 Leamington, 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 Leamington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Leamington is $223,843, with the highest and lowest median tax bills both being $1,339 in the 84638 zip code.
Average Leamington Assessed Value
$223,843
Average Millard County Assessed Value
$272,297
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leamington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84638 | $122,315 | $155,361 | $223,843 | $317,997 | $471,592 |
Source: Ownwell
Property Tax Bills Across Leamington, Utah
In Leamington, located in Millard County, UT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For example, with a median home price of $223,843 in Leamington, homeowners can expect varying tax bills. The 25th percentile tax bill is around $989, while the 75th percentile tax bill reaches $1,888. At the higher end, the 90th percentile tax bill can go up to $2,804. These figures illustrate the range of property tax obligations residents might face, depending on their home's assessed value and the specific tax rate applied. Comparatively, Leamington's property tax rates can be seen as moderate, considering the national median property tax rate is 0.99%. Homeowners should be aware of these factors as they directly impact their annual expenses and overall financial planning.
Average Leamington Tax Bill
$1,339
Average Millard County Tax Bill
$1,608
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Leamington, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84638 | $735 | $989 | $1,339 | $1,888 | $2,804 |
Source: Ownwell