Myton, Utah Property Taxes
The median property tax rate in Myton, UT is 1.01%, slightly higher than the national median of 0.99% and significantly above the Utah state median of 0.55%. With a median home value of $82,687 in Myton, the typical annual property tax bill is $765, which is below the national median of $2,690. Property taxes in Myton 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 Myton'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 Myton 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
Myton, 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 Myton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Myton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Myton 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 Myton, Utah
Property taxes in Myton, Utah, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Myton is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Myton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Myton 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 Myton's effective property tax rate to other areas in Utah and the national median. For comparison, the zip code 84052 has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these rates compare with Myton provides valuable insights into the varying tax landscape across Uintah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Myton Tax Rate
1.01%
Average Uintah County Tax Rate
1.10%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Myton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84052 | 0.88% | 0.93% | 1.01% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Myton, Utah
In Myton, 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 Uintah 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 Myton, 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 Myton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median home price in Myton is $82,687, with annual tax bills ranging from $342 at the 25th percentile to $1,527 at the 90th percentile. The zip code 84052 has both the highest and lowest median tax bill, standing at $765.
Average Myton Assessed Value
$82,687
Average Uintah County Assessed Value
$104,634
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Myton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84052 | $17,235 | $39,338 | $82,687 | $98,247 | $145,475 |
Source: Ownwell
Property Tax Bills Across Myton, Utah
In Myton, located in Uintah County, UT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $82,687, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $342, while the 75th percentile tax bill reaches $1,049, and the 90th percentile tax bill climbs to $1,527. These variations are influenced by factors such as the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Myton face a median tax bill of $765, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual financial obligations and plan accordingly.
Average Myton Tax Bill
$765
Average Uintah County Tax Bill
$1,143
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Myton, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84052 | $135 | $342 | $765 | $1,049 | $1,527 |
Source: Ownwell