Antimony, Utah Property Taxes
The median property tax rate in Antimony, UT is 0.83%, which is lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With a median home value of $47,218 in Antimony, the typical annual property tax bill amounts to $394, significantly below the national median of $2,690. Property taxes in Antimony are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Antimony'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 Antimony 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
Antimony, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$392
Ownwell’s Antimony Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Antimony with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Antimony 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 Antimony, Utah
Property taxes in Antimony, Utah, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Antimony is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Antimony set these rates annually, and they can vary significantly across different neighborhoods. Each year, Antimony 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 Antimony's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84712 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Antimony provides valuable insights into the varying tax landscape across Piute County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Antimony Tax Rate
0.83%
Average Piute County Tax Rate
0.84%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Antimony, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84712 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Antimony, Utah
In Antimony, 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 Piute County Assessor's Office 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 Antimony, 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. For instance, the median home price in Antimony is $47,218, with a consistent median tax bill of $394 across various percentiles. The zip code 84712 has both the highest and lowest median tax bills at $394. 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 Antimony helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Antimony Assessed Value
$47,218
Average Piute County Assessed Value
$99,258
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Antimony, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84712 | $47,218 | $47,218 | $47,218 | $47,218 | $47,218 |
Source: Ownwell
Property Tax Bills Across Antimony, Utah
In Antimony, located in Piute County, UT, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For example, if the median home price in Antimony is $47,218, the assessed value is a fraction of this figure. The tax rate is then applied to the assessed value to calculate the tax bill. Factors that influence the tax bill include the property's market value, the local tax rate, and any applicable exemptions or deductions. In Antimony, the tax bill tends to be quite consistent, with the 25th, 75th, and 90th percentiles all at $394, which is significantly lower than the national median property tax rate of 0.99%. For homeowners, this means relatively low property taxes compared to other regions, making Antimony an attractive place for those looking to minimize their annual tax burden while still enjoying property ownership.
Average Antimony Tax Bill
$394
Average Piute County Tax Bill
$710
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Antimony, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84712 | $394 | $394 | $394 | $394 | $394 |
Source: Ownwell