Sigurd, Utah Property Taxes
The median property tax rate in Sigurd, UT is 0.49%, considerably lower than both the national median of 0.99% and the Utah state median of 0.55%. With the median home value in Sigurd at $249,174, the typical annual property tax bill reaches $1,271, well below the national median of $2,690. Property taxes in Sigurd are calculated based on the tax-assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Sigurd'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 Sigurd or another part of Sevier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sigurd, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,221
Ownwell’s Sigurd Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sigurd with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sigurd 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 Sigurd, Utah
Property taxes in Sigurd, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sigurd 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 Sigurd set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sigurd 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 Sigurd's effective property tax rate to other counties in Utah and the national median. For comparison, the zip code 84657 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 Sigurd 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 Sigurd 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 Sigurd, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84657 | 0.44% | 0.49% | 0.49% | 0.49% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Sigurd, Utah
In Sigurd, 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 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 Sigurd, 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. For example, the median home price in Sigurd is $249,174, with tax bills ranging from $996 at the 25th percentile to $2,378 at the 90th percentile. The highest and lowest median tax bills are both $1,271 in the 84657 zip code. 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 Sigurd helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sigurd Assessed Value
$249,174
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 Sigurd, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84657 | $179,437 | $202,032 | $249,174 | $322,651 | $456,344 |
Source: Ownwell
Property Tax Bills Across Sigurd, Utah
In Sigurd, located in Sevier County, UT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Sigurd, the median home price stands at $249,174. Property tax bills can vary significantly, with the 25th percentile tax bill at $996 and the 75th percentile reaching $1,730. At the 90th percentile, homeowners may see tax bills as high as $2,378. The highest and lowest median tax bills in the area are both recorded at $1,271. Compared to the national median property tax rate of 0.99%, Sigurd's property taxes are relatively moderate. These taxes fund essential public services such as schools, roads, and emergency services, impacting the overall quality of life for residents.
Average Sigurd Tax Bill
$1,271
Average Sevier County Tax Bill
$1,616
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Sigurd, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84657 | $747 | $996 | $1,271 | $1,730 | $2,378 |
Source: Ownwell