Toquerville, Utah Property Taxes
The median property tax rate in Toquerville, UT is 0.47%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $536,900 in Toquerville, the typical annual property tax bill amounts to $2,531, which is below the national median of $2,690. Property taxes in Toquerville are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Toquerville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Toquerville or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Toquerville, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$2,523
Ownwell’s Toquerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Toquerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Toquerville 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 Washington County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Toquerville, Utah
Property taxes in Toquerville, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Toquerville is 0.47%, significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Toquerville set these rates annually, and they can vary across different neighborhoods. Each year, Toquerville 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 Toquerville's effective property tax rate to other areas in Utah and the national median. For comparison, the 84774 zip code 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 Toquerville 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 Toquerville Tax Rate
0.47%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Toquerville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84774 | 0.41% | 0.44% | 0.47% | 0.53% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Toquerville, Utah
In Toquerville, 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 Washington 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 Toquerville, 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 Toquerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84774 has the highest and lowest median tax bill at $2,531, reflecting the uniformity in the area’s property tax assessments.
Average Toquerville Assessed Value
$536,900
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 Toquerville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84774 | $286,320 | $419,000 | $536,900 | $666,200 | $798,120 |
Source: Ownwell
Property Tax Bills Across Toquerville, Utah
In Toquerville, Washington County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is a percentage of the property's market value, reflecting the home's worth in the current real estate market. The property tax rate in Toquerville is influenced by several factors, including local government budgets, school funding needs, and public services. For homeowners, this means that the tax bill can vary significantly. In Toquerville, the 25th percentile tax bill is around $1,935, while the 75th percentile tax bill reaches $3,240. At the 90th percentile, homeowners might see tax bills as high as $4,172. With a median home price of $536,900, the property tax rate in Toquerville is relatively moderate compared to the national median property tax rate of 0.99%. This system ensures that property taxes are proportional to the property's value, impacting homeowners' annual expenses and overall affordability of living in the area.
Average Toquerville Tax Bill
$2,531
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Toquerville, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84774 | $1,186 | $1,935 | $2,531 | $3,240 | $4,172 |
Source: Ownwell