Saint Michaels, Arizona Property Taxes
The median property tax rate in Saint Michaels, AZ is 0.67%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With a median home value of $169,224 in Saint Michaels, the typical annual property tax bill comes to $1,131, below the national median of $2,690. Property taxes in Saint Michaels are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Saint Michaels' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Michaels 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
Saint Michaels, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,134
Ownwell’s Saint Michaels Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Michaels with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Michaels 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 Saint Michaels, Arizona
Property taxes in Saint Michaels, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Michaels is 0.67%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Saint Michaels set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Michaels 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 Saint Michaels' effective property tax rate to other counties in Arizona and the national median. For comparison, the 86511 zip code has the highest median property tax rate of 0.67%, while the 86511 zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Saint Michaels provides valuable insights into the varying tax landscape across Apache County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Michaels Tax Rate
0.67%
Average Apache County Tax Rate
0.45%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Michaels, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86511 | 0.48% | 0.61% | 0.67% | 0.73% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Saint Michaels, Arizona
In Saint Michaels, Arizona, 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 Apache 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 Saint Michaels, 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 Saint Michaels helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For further context, the median home price in Saint Michaels is $169,224. The zip code 86511 has both the highest and lowest median tax bill at $1,131. The 25th percentile tax bill is $435, while the 75th percentile tax bill is $1,490, and the 90th percentile tax bill is $2,077.
Average Saint Michaels Assessed Value
$169,224
Average Apache County Assessed Value
$114,458
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Michaels, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86511 | $12,560 | $78,497 | $169,224 | $259,483 | $309,756 |
Source: Ownwell
Property Tax Bills Across Saint Michaels, Arizona
In Saint Michaels, Arizona, property tax bills are calculated based on the assessed value of a home, which is determined by the Apache County Assessor's Office. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Saint Michaels experience a range of property tax bills. For example, the tax bill at the 25th percentile is $435, while at the 75th percentile, it reaches $1,490. At the 90th percentile, homeowners might pay up to $2,077. The median property tax rate in Saint Michaels is notably lower than the national median of 0.99%, offering some relief to local homeowners. However, even within a single zip code, variations exist, with the highest and lowest median tax bills both recorded at $1,131. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting community quality of life.
Average Saint Michaels Tax Bill
$1,131
Average Apache County Tax Bill
$448
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Michaels, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86511 | $139 | $435 | $1,131 | $1,490 | $2,077 |
Source: Ownwell