Springerville, Arizona Property Taxes
The median property tax rate in Springerville, AZ is 0.32%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Springerville at $112,393, the typical annual property tax bill is $348, well below the national median of $2,690. Property taxes in Springerville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Springerville'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 Springerville 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
Springerville, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$360
Ownwell’s Springerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springerville 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 Springerville, Arizona
Property taxes in Springerville, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springerville is 0.32%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Springerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springerville 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 Springerville's effective property tax rate to other counties in Arizona and the national median. Understanding how these cities compare with Springerville 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 Springerville Tax Rate
0.32%
Average Apache County Tax Rate
0.45%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springerville, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85938 | 0.20% | 0.27% | 0.32% | 0.39% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Springerville, Arizona
In Springerville, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 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 Springerville, 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 Springerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Springerville is $112,393, with median tax bills ranging from $228 at the 25th percentile to $751 at the 90th percentile. The zip code 85938 has the highest and lowest median tax bill of $348.
Average Springerville Assessed Value
$112,393
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 Springerville, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85938 | $29,809 | $65,419 | $112,393 | $170,186 | $265,430 |
Source: Ownwell
Property Tax Bills Across Springerville, Arizona
In Springerville, located in Apache County, AZ, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Springerville is $112,393. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, impacting the final tax bill. For homeowners, this means that their tax obligations can vary significantly. For instance, the tax bill at the 25th percentile is $228, while at the 75th percentile, it rises to $519, and at the 90th percentile, it can reach up to $751. Comparatively, the median property tax rate in Springerville is below the national median of 0.99%, making it relatively affordable. Understanding these factors can help homeowners anticipate their property tax responsibilities and budget accordingly.
Average Springerville Tax Bill
$348
Average Apache County Tax Bill
$448
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Springerville, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85938 | $107 | $228 | $348 | $519 | $751 |
Source: Ownwell