Montezuma Creek, Utah Property Taxes
The median property tax rate in Montezuma Creek, UT is 0.63%, slightly higher than the Utah state median of 0.55% but lower than the national median of 0.99%. With the median home value in Montezuma Creek, the typical annual property tax bill reaches $732, which is significantly below the national median of $2,690. Property taxes in Montezuma Creek 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 Montezuma Creek'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 Montezuma Creek 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
Montezuma Creek, 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 Montezuma Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montezuma Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montezuma Creek 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 San Juan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Montezuma Creek, Utah
Property taxes in Montezuma Creek, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montezuma Creek is 0.63%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Montezuma Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montezuma Creek 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 Montezuma Creek's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84534 has the highest median property tax rate of 0.63%, while the same zip code 84534 also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Montezuma Creek provides valuable insights into the varying tax landscape across San Juan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montezuma Creek Tax Rate
0.63%
Average San Juan County Tax Rate
0.74%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montezuma Creek, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84534 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Montezuma Creek, Utah
In Montezuma Creek, 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 San Juan 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 Montezuma Creek 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. The median home price in Montezuma Creek stands at $115,251, with a consistent median tax bill of $732 across the 25th, 75th, and 90th percentiles. The highest and lowest median tax bills are both $732, found in the 84534 zip code. 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 Montezuma Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Montezuma Creek Assessed Value
$115,251
Average San Juan County Assessed Value
$196,330
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montezuma Creek, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84534 | $115,251 | $115,251 | $115,251 | $115,251 | $115,251 |
Source: Ownwell
Property Tax Bills Across Montezuma Creek, Utah
Property tax bills in Montezuma Creek, located in San Juan County, Utah, are determined based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Montezuma Creek is $115,251. Homeowners in this area can expect a consistent property tax bill, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $732 annually. This uniformity indicates a stable property tax rate within the region. Several factors influence the calculation of property tax bills, including the property's assessed value and the local tax rate. In Montezuma Creek, the property tax rate is relatively low compared to the national median property tax rate of 0.99%. This lower tax rate can be beneficial for homeowners, making homeownership more affordable and potentially increasing disposable income. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly.
Average Montezuma Creek Tax Bill
$732
Average San Juan County Tax Bill
$1,457
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Montezuma Creek, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84534 | $732 | $732 | $732 | $732 | $732 |
Source: Ownwell