84535 Property Tax Rate

Property owners in ZIP code 84535 (Monticello, Utah) pay a median of $1,645/year in property taxes on homes valued at $300,200. This translates to an effective tax rate of 0.55%, which is 10% above the Utah state average of 0.50%.

The monthly property tax burden for a median-valued home in 84535 is approximately $137, which factors into escrow payments on mortgages. This ZIP code is located within San Juan County. This is $256 less than the Utah average of $1,901/year.

Compared to similar ZIP codes in Utah, 84535 has higher property taxes. ZIP codes with similar effective rates include 82930 (0.55%) and 84302 (0.55%).

In Monticello, property taxes represent approximately 2.3% of the median household income of $71,357, providing context for the relative tax burden on homeowners in this area.

Utah performs a full reassessment to market value at sale with no statutory limit on annual increases, so your assessed value will reflect your purchase price immediately upon transfer. San Juan County allows a Homeowner Exemption ($32,350 off assessed value for primary residences) — submit the exemption application to the San Juan County Assessor within 30 days of closing or by April 15 of the following year. File with the San Juan County Assessor and request a receipt confirming the exemption filing date.