Lapoint, Utah Property Taxes
The median property tax rate in LaPoint, UT is 1.07%, higher than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in LaPoint at $87,286, the typical annual property tax bill reaches $939, which is below the national median of $2,690. Property taxes in LaPoint 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 LaPoint'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 LaPoint or another part of Uintah County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lapoint, 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 Lapoint Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lapoint with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lapoint 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 Lapoint, Utah
Property taxes in Lapoint, Utah, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Lapoint is 1.07%, significantly higher than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Lapoint set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lapoint 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 Lapoint's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84039 has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with Lapoint provides valuable insights into the varying tax landscape across Uintah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lapoint Tax Rate
1.07%
Average Uintah County Tax Rate
1.10%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lapoint, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84039 | 0.93% | 1.02% | 1.07% | 1.12% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Lapoint, Utah
In LaPoint, 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 Uintah 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 LaPoint, 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 LaPoint helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 84039, with a median tax bill of $939.
Average Lapoint Assessed Value
$87,286
Average Uintah County Assessed Value
$104,634
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lapoint, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84039 | $25,843 | $52,614 | $87,286 | $129,176 | $187,586 |
Source: Ownwell
Property Tax Bills Across Lapoint, Utah
In Lapoint, property tax bills are calculated based on the assessed value of the property, which is determined by the Uintah County Assessor's Office. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Lapoint can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied. For instance, the median home price in Lapoint is $87,286. The property tax bill at the 25th percentile is $476, while at the 75th percentile, it reaches $1,435. At the 90th percentile, homeowners might see a tax bill as high as $2,048. These variations show how different factors, such as property value and assessment accuracy, can significantly impact the tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Lapoint's rates can lead to varying financial impacts, emphasizing the importance of understanding local tax assessments and rates.
Average Lapoint Tax Bill
$939
Average Uintah County Tax Bill
$1,143
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Lapoint, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84039 | $191 | $476 | $939 | $1,435 | $2,048 |
Source: Ownwell