Leeds, Utah Property Taxes
The median property tax rate in Leeds, UT is 0.39%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Leeds at $523,000, the typical annual property tax bill is $2,024, which is below the national median of $2,690. Property taxes in Leeds 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 Leeds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Leeds or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leeds, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$2,040
Ownwell’s Leeds Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leeds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leeds 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 Leeds, Utah
Property taxes in Leeds, Utah, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Leeds is 0.39%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Leeds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leeds 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 Leeds' effective property tax rate to other counties in Utah and the national median. For comparison, the highest median property tax rate in Utah is found in ZIP code 84111 with a rate of 1.14%, while the lowest median tax rate is in ZIP code 84321 at 0.38%. Understanding how these cities compare with Leeds provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leeds Tax Rate
0.39%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leeds, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84746 | 0.35% | 0.38% | 0.39% | 0.42% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Leeds, Utah
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Leeds, 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 Washington County 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 Leeds, 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 Leeds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Leeds are both $2024, found in the zip code 84746.
Average Leeds Assessed Value
$523,000
Average Washington County Assessed Value
$457,600
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leeds, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84746 | $155,000 | $396,725 | $523,000 | $729,250 | $1,124,350 |
Source: Ownwell
Property Tax Bills Across Leeds, Utah
In Leeds, Washington County, UT, property tax bills are calculated based on the assessed value of the property, which is determined by local tax assessors. Homeowners in Leeds pay property taxes that are influenced by the median home price of $523,000. The tax bill reflects a range of values, with the 25th percentile at $1,439 and the 75th percentile at $3,086. For those at the higher end, the 90th percentile tax bill reaches $4,888. The property tax rate in Leeds is influenced by various factors, including local government budgets, school funding, and public services. Compared to the national median property tax rate of 0.99%, homeowners in this area experience a range of tax burdens depending on their property's assessed value. These taxes can significantly impact household budgets, particularly for those with higher-valued properties. Understanding how these factors interplay can help homeowners in Leeds anticipate their tax obligations and plan accordingly.
Average Leeds Tax Bill
$2,024
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Leeds, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84746 | $637 | $1,439 | $2,024 | $3,086 | $4,888 |
Source: Ownwell