Mantua, Utah Property Taxes
The median property tax rate in Mantua, Utah is 0.46%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Mantua, the typical annual property tax bill reaches $3,184, surpassing the national median of $2,690. Property taxes in Mantua 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 Mantua'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 Mantua 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
Mantua, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$3,185
Ownwell’s Mantua Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mantua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mantua 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 Mantua, Utah
Property taxes in Mantua, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mantua is 0.46%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Mantua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mantua 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 Mantua's effective property tax rate to other regions and the national median. For comparison, the highest median property tax rate in the area is 0.46% in the zip code 84324, while the lowest median tax rate is also 0.46% in the same zip code. Understanding how these figures compare with Mantua provides valuable insights into the varying tax landscape across Box Elder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mantua Tax Rate
0.46%
Average Box Elder County Tax Rate
0.49%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mantua, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84324 | 0.36% | 0.43% | 0.46% | 0.49% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Mantua, Utah
In Mantua, 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 Box Elder 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 Mantua, 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 Mantua 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 both amount to $3184, all within the zip code 84324.
Average Mantua Assessed Value
$692,351
Average Box Elder County Assessed Value
$420,318
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mantua, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84324 | $421,481 | $506,204 | $692,351 | $898,698 | $1,080,614 |
Source: Ownwell
Property Tax Bills Across Mantua, Utah
In Mantua, located in Box Elder County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Mantua, the median home price is $692,351. Property tax bills can vary significantly within the city. For instance, the 25th percentile tax bill is $2,163, while the 75th percentile tax bill is $4,024, and the 90th percentile tax bill reaches $4,841. These variations are influenced by factors such as home size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Mantua’s homeowners experience a diverse range of tax bills, reflecting the unique characteristics and valuations of their properties. This system ensures that property taxes are proportionate to the value and condition of each home, impacting how much each homeowner pays annually.
Average Mantua Tax Bill
$3,184
Average Box Elder County Tax Bill
$1,988
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Mantua, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84324 | $1,537 | $2,163 | $3,184 | $4,024 | $4,841 |
Source: Ownwell