Monument Valley New, Utah Property Taxes
The median property tax rate in Monument Valley New, UT is 0.68%, slightly lower than the national median of 0.99% but higher than the Utah state median of 0.55%. With a median home value of $250,901 in Monument Valley New, the typical annual property tax bill amounts to $1,694, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Monument Valley New's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Monument Valley New or another part of San Juan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monument Valley New, 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 Monument Valley New Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monument Valley New with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monument Valley New 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 Monument Valley New, Utah
Property taxes in Monument Valley New, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monument Valley New is 0.68%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Monument Valley New set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monument Valley New 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 Monument Valley New's effective property tax rate to other counties in Utah and the national median. For comparison, the 84536 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Monument Valley New 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 Monument Valley New Tax Rate
0.68%
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 Monument Valley New, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84536 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Monument Valley New, Utah
In Monument Valley, Utah, understanding the distinction between "market value" and "assessed value" is essential for grasping 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. In Monument Valley, 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. The median home price in Monument Valley is $250,901, and the median tax bill is $1,694, which is lower than the national median property tax rate of 0.99%. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 84536, with a tax bill of $1,694.
Property Tax Assessment Values Across Monument Valley New, Utah
Source: Ownwell
$115,251
$285,076
$454,900
Average Monument Valley New Assessed Value
$250,901
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 Monument Valley New, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84536 | $250,901 | $250,901 | $250,901 | $250,901 | $250,901 |
Source: Ownwell
Property Tax Bills Across Monument Valley New, Utah
In Monument Valley, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value typically represents a percentage of the market value of the property. Homeowners in San Juan County, where Monument Valley is located, face a median property tax bill of $1,694, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, properties in the 25th, 75th, and 90th percentiles all share the same median tax bill of $1,694, highlighting the uniformity in tax assessments within this region. This tax burden can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Monument Valley New Tax Bill
$1,694
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 Monument Valley New, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84536 | $1,694 | $1,694 | $1,694 | $1,694 | $1,694 |
Source: Ownwell