Cameron, Arizona Property Taxes
The median property tax rate in Cameron, Arizona is 0.18%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Cameron, the typical annual property tax bill is just $39, far below the national median of $2,690. Property taxes in Cameron are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cameron'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 Cameron 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
Cameron, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.18%
Estimate Property Tax Bill
$35
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, Arizona
Property taxes in Cameron, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 0.18%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in the state is found in zip code 85001 with a rate of 1.09%, while the lowest median tax rate is in zip code 86001 at 0.18%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Coconino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.18%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86020 | 0.16% | 0.16% | 0.18% | 0.20% | 0.21% |
| 86045 | 0.16% | 0.16% | 0.16% | 0.16% | 0.16% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, Arizona
In Cameron, 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 Coconino County Assessor's Office 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 Cameron, 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. For example, homeowners in the 25th percentile of tax bills pay around $30, while those in the 75th percentile pay about $62, and those in the 90th percentile pay approximately $86. Being aware of these valuation processes in Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cameron Assessed Value
$19,672
Average Coconino County Assessed Value
$335,366
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86020 | $8,432 | $14,608 | $19,762 | $30,811 | $43,342 |
| 86045 | $5,527 | $5,527 | $5,527 | $5,527 | $5,527 |
Source: Ownwell
Property Tax Bills Across Cameron, Arizona
In Cameron, located in Coconino County, AZ, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value. Factors influencing the assessed value include property size, location, and condition. For homeowners in Cameron, the median home price is $19,672. The property tax rate in Coconino County is relatively low compared to the national median property tax rate of 0.99%. This means homeowners in Cameron experience lower tax bills. Specifically, the tax bill for the 25th percentile is $30, the 75th percentile is $62, and the 90th percentile is $86. These figures illustrate that even at the higher end, property taxes remain manageable for most residents. Understanding how these factors interplay helps homeowners anticipate their property tax obligations and plan their finances accordingly, ensuring they can maintain their properties without undue financial strain.
Average Cameron Tax Bill
$39
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86020 | $27 | $33 | $40 | $65 | $88 |
| 86045 | $9 | $9 | $9 | $9 | $9 |
Source: Ownwell