Joseph, Utah Property Taxes
The median property tax rate in Joseph, Utah is 0.50%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Joseph, the typical annual property tax bill reaches $1,333, significantly below the national median of $2,690. Property taxes in Joseph 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 Joseph'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 Joseph 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
Joseph, 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 Joseph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Joseph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joseph 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 Joseph, Utah
Property taxes in Joseph, Utah, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joseph is 0.50%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Joseph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joseph 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 Joseph's effective property tax rate to other counties in Utah and the national median. For comparison, the 84739 zip code has the highest median property tax rate of 0.50%, while the 84739 zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Joseph 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 Joseph Tax Rate
0.50%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Joseph, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84739 | 0.44% | 0.50% | 0.50% | 0.52% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Joseph, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Joseph, Utah. 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 Joseph, 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. The median home price in Joseph is $259,524, with the median tax bill ranging from $1,045 at the 25th percentile to $2,594 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Joseph Assessed Value
$259,524
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 Joseph, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84739 | $161,835 | $207,384 | $259,524 | $367,069 | $473,564 |
Source: Ownwell
Property Tax Bills Across Joseph, Utah
In Joseph, located in Sevier County, Utah, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $259,524. To determine the tax bill, the local tax rate is applied to the assessed value of the property. For instance, homeowners might find themselves paying a tax bill that ranges from $1,045 at the 25th percentile to $1,907 at the 75th percentile, with the 90th percentile reaching up to $2,594. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Joseph's tax rates provide a clear picture of the local tax burden. Homeowners in the highest and lowest median tax bill zip code, 84739, pay around $1,333, showcasing a consistent tax environment within the city. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Joseph Tax Bill
$1,333
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Joseph, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84739 | $738 | $1,045 | $1,333 | $1,907 | $2,594 |
Source: Ownwell