Sevier, Utah Property Taxes
The median property tax rate in Sevier, UT is 0.49%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $279,360 in Sevier, the typical annual property tax bill amounts to $1,360, which is well below the national median of $2,690. Property taxes in Sevier are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Sevier's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Sevier or another part of the county, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sevier, Utah Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,100
Ownwell’s Sevier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sevier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sevier 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 Sevier, Utah
Property taxes in Sevier, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sevier is 0.49%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Sevier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sevier 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 Sevier's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84766 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Sevier provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sevier Tax Rate
0.49%
Average Sevier County Tax Rate
0.55%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sevier, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84766 | 0.37% | 0.46% | 0.49% | 0.54% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Sevier, Utah
In Sevier, 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 Sevier County Assessor's Office 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 Sevier, 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 Sevier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 84766 has the highest and lowest median tax bill, both at $1,360.
Average Sevier Assessed Value
$279,360
Average Sevier County Assessed Value
$296,622
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sevier, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84766 | $152,265 | $214,689 | $279,360 | $370,815 | $447,672 |
Source: Ownwell
Property Tax Bills Across Sevier, Utah
In Sevier, Utah, property tax bills are calculated based on the assessed value of a property, which is determined by the Sevier County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Sevier is $279,360, and property tax bills vary significantly across different percentiles. For instance, homeowners at the 25th percentile pay approximately $1,066 annually, while those at the 75th percentile pay around $1,749. At the 90th percentile, the tax bill can reach up to $2,518. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. The highest and lowest median tax bills in Sevier are both $1,360, indicating a relatively uniform tax rate across the region. Compared to the national median property tax rate of 0.99%, Sevier's tax rates offer a balanced approach to funding community needs while maintaining affordability for homeowners.
Average Sevier Tax Bill
$1,360
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Sevier, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84766 | $696 | $1,066 | $1,360 | $1,749 | $2,518 |
Source: Ownwell