Annabella, Utah Property Taxes
The median property tax rate in Annabella, UT is 0.47%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Annabella at $386,348, the typical annual property tax bill amounts to $1,767, which is well below the national median of $2,690. Property taxes here 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 Annabella'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 Annabella 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
Annabella, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,816
Ownwell’s Annabella Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Annabella with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Annabella 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 Annabella, Utah
Property taxes in Annabella, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Annabella is 0.47%, lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Annabella set these rates annually, and they can vary significantly across different neighborhoods. Each year, Annabella 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 Annabella's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84711 has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Annabella provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Annabella Tax Rate
0.47%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Annabella, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84711 | 0.43% | 0.47% | 0.47% | 0.47% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Annabella, Utah
In Annabella, 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 Sevier 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 Annabella, 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 Annabella helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are $1,767, found in the 84711 zip code.
Average Annabella Assessed Value
$386,348
Average Sevier County Assessed Value
$296,622
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Annabella, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84711 | $239,285 | $289,354 | $386,348 | $487,507 | $606,182 |
Source: Ownwell
Property Tax Bills Across Annabella, Utah
In Annabella, property tax bills are calculated based on the assessed value of a home, which is determined by the Sevier County Assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Annabella is $386,348, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,301, while the 75th percentile tax bill reaches $2,381. At the 90th percentile, homeowners might pay up to $2,981 annually. Several factors influence the assessed value of a property, including market conditions, property size, and improvements made to the home. Compared to the national median property tax rate of 0.99%, Annabella's property tax rates can result in varied tax bills that impact homeowners differently. High property taxes can affect affordability and overall cost of living, making it crucial for homeowners to understand how their tax bill is determined and to explore potential exemptions or appeals to manage their expenses effectively.
Average Annabella Tax Bill
$1,767
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Annabella, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84711 | $877 | $1,301 | $1,767 | $2,381 | $2,981 |
Source: Ownwell