Fredonia, Arizona Property Taxes
The median property tax rate in Fredonia, AZ is 0.49%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Fredonia at $84,176, the typical annual property tax bill is $416, which is well below the national median of $2,690. Property taxes in Fredonia are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Fredonia's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial yearly savings. Whether you're in the heart of Fredonia or another part of Coconino County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredonia, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$412
Ownwell’s Fredonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredonia 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 Fredonia, Arizona
Property taxes in Fredonia, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 0.49%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86022 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Fredonia 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 Fredonia Tax Rate
0.49%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | 0.34% | 0.36% | 0.49% | 0.64% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fredonia, Arizona. 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 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 Fredonia, 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 instance, the zip code 86022 has the highest median tax bill at $416, which is the same as the lowest. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fredonia Assessed Value
$84,176
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 Fredonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | $13,254 | $32,539 | $84,180 | $161,173 | $219,974 |
Source: Ownwell
Property Tax Bills Across Fredonia, Arizona
Property tax bills in Fredonia, located in Coconino County, AZ, are determined by assessing the market value of a property and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Factors such as property size, location, and condition play a role in determining the market value. For homeowners in Fredonia, the median home price is $84,176, leading to varying tax bills. At the 25th percentile, tax bills are around $201, while at the 75th percentile, they rise to approximately $620. The 90th percentile sees tax bills reaching up to $873. The highest and lowest median tax bills in Fredonia are both $416, which is significantly lower than the national median property tax rate of 0.99%. These property taxes impact homeowners by influencing their annual financial planning and the overall affordability of maintaining their homes.
Average Fredonia Tax Bill
$416
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | $89 | $204 | $416 | $621 | $874 |
Source: Ownwell