Ivins, Utah Property Taxes
The median property tax rate in Ivins, UT is 0.39%, significantly lower than both the national median of 0.99% and the Utah state median of 0.55%. With a median home value of $517,400 in Ivins, the typical annual property tax bill amounts to $2,137, which is below the national median of $2,690. Property taxes in Ivins are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ivins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ivins 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
Ivins, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$2,018
Ownwell’s Ivins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ivins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ivins 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 Ivins, Utah
Property taxes in Ivins, Utah, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ivins is 0.39%, which is significantly lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Ivins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ivins 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 Ivins' effective property tax rate to other counties in Utah and the national median. For comparison, the highest median property tax rate in the state is 0.69%, while the lowest median tax rate is 0.33%. Understanding how these cities compare with Ivins provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ivins Tax Rate
0.39%
Average Washington County Tax Rate
0.40%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ivins, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84738 | 0.35% | 0.38% | 0.39% | 0.42% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Ivins, Utah
In Ivins, 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 Washington 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 Ivins, 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 Ivins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Ivins, both at $2137, are found in the 84738 zip code.
Average Ivins Assessed Value
$517,400
Average Washington County Assessed Value
$457,600
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ivins, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84738 | $327,280 | $389,300 | $517,400 | $848,900 | $1,314,760 |
Source: Ownwell
Property Tax Bills Across Ivins, Utah
In Ivins, Washington County, UT, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The assessed value is determined by the county assessor and is then multiplied by the local tax rate to calculate the tax owed. For instance, with a median home price of $517,400, property taxes can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $1,514, while those in the 75th percentile may see bills as high as $3,639. At the 90th percentile, tax bills can reach up to $6,092. These variations arise from differences in property values and specific tax rates applied. Compared to the national median property tax rate of 0.99%, Ivins' property tax rates can be quite competitive, making it a relatively affordable place for homeowners. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Ivins Tax Bill
$2,137
Average Washington County Tax Bill
$1,953
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Ivins, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84738 | $1,143 | $1,514 | $2,137 | $3,639 | $6,092 |
Source: Ownwell