Alton, Utah Property Taxes
The median property tax rate in Alton, Utah is 0.74%, which is higher than the state median of 0.55% but below the national median of 0.99%. With a median home value of $243,890, the typical annual property tax bill in Alton is $1,750, significantly less than the national median of $2,690. Property taxes in Alton are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Alton'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 Alton or another part of Kane County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alton, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,805
Ownwell’s Alton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alton 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 Alton, Utah
Property taxes in Alton, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alton is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Alton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alton 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 Alton's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84710 has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Alton provides valuable insights into the varying tax landscape across Kane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alton Tax Rate
0.74%
Average Kane County Tax Rate
0.74%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84710 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Alton, Utah
In Alton, 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 Kane 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 Alton, 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 Alton 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 84710, with a value of $1,750.
Average Alton Assessed Value
$243,890
Average Kane County Assessed Value
$283,025
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84710 | $58,424 | $125,648 | $243,890 | $407,114 | $690,110 |
Source: Ownwell
Property Tax Bills Across Alton, Utah
In Alton, located in Kane County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Alton, the median home price is $243,890, and tax bills can vary significantly depending on the property's assessed value and any applicable exemptions. The tax bill at the 25th percentile is $928, while at the 75th percentile, it rises to $3,067. For those at the 90th percentile, the tax bill can be as high as $4,503. These figures illustrate the range of property tax liabilities homeowners can expect. Compared to the national median property tax rate of 0.99%, the rates in Alton can seem more favorable, depending on the specific assessed value and exemptions applied. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Alton Tax Bill
$1,750
Average Kane County Tax Bill
$1,926
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Alton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84710 | $431 | $928 | $1,750 | $3,067 | $4,503 |
Source: Ownwell