Mountain Home, Utah Property Taxes
The median property tax rate in Mountain Home, UT is 0.19%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Mountain Home, the typical annual property tax bill is $83, which is well below the national median of $2,690. Property taxes in Mountain Home are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mountain Home'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 Mountain Home 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
Mountain Home, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.19%
Estimate Property Tax Bill
$91
-$957
Ownwell’s Mountain Home Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Mountain Home using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain Home to provide an estimated property tax bill. This practical tool helps you understand potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the figure determined by Duchesne County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Mountain Home, Utah
Property taxes in Mountain Home, Utah, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain Home is 0.19%, considerably lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Mountain Home set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain Home 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 Mountain Home's effective property tax rate to other counties in Utah and the national median. For comparison, the highest median property tax rate in Utah is significantly higher than Mountain Home's, while the lowest median tax rate is also higher than Mountain Home's. Understanding how these cities compare with Mountain Home provides valuable insights into the varying tax landscape across Duchesne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mountain Home Tax Rate
0.19%
Average Duchesne County Tax Rate
0.71%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain Home, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84051 | 0.11% | 0.14% | 0.19% | 0.23% | 0.26% |
Source: Ownwell
Property Tax Assessment Values Across Mountain Home, Utah
In Mountain Home, 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 Duchesne County Appraisal District 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 Mountain Home, 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. For example, in Mountain Home, the median home price is $48,038, with the 25th percentile tax bill at $65 and the 75th percentile tax bill at $100. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mountain Home Assessed Value
$48,038
Average Duchesne County Assessed Value
$135,694
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mountain Home, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84051 | $42,960 | $44,864 | $48,038 | $51,211 | $53,115 |
Source: Ownwell
Property Tax Bills Across Mountain Home, Utah
In Mountain Home, Duchesne County, UT, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions or deductions play a crucial role in determining the final tax amount. For instance, the median home price in Mountain Home is $48,038. Homeowners in the 25th percentile can expect a tax bill around $65, while those in the 75th percentile might see a bill closer to $100. At the 90th percentile, the tax bill can reach approximately $111. These figures are relatively low compared to the national median property tax rate of 0.99%, providing a more affordable tax environment for homeowners in the area. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Mountain Home Tax Bill
$83
Average Duchesne County Tax Bill
$804
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain Home, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84051 | $54 | $65 | $83 | $100 | $111 |
Source: Ownwell