Happy Jack, Arizona Property Taxes
The median property tax rate in Happy Jack, AZ is 0.49%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Happy Jack, the typical annual property tax bill reaches $1,448, which is significantly below the national median of $2,690. Property taxes in Happy Jack are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Happy Jack'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 Happy Jack 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
Happy Jack, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,475
Ownwell’s Happy Jack Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Happy Jack with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Happy Jack 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 Happy Jack, Arizona
Property taxes in Happy Jack, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Happy Jack is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Happy Jack set these rates annually, and they can vary significantly across different neighborhoods. Each year, Happy Jack 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 Happy Jack's effective property tax rate to other areas in Coconino County and the national median. For comparison, the zip code 86024 has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Happy Jack 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 Happy Jack 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 Happy Jack, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86024 | 0.37% | 0.42% | 0.49% | 0.53% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Happy Jack, Arizona
In Happy Jack, 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 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 Happy Jack, 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 Happy Jack helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Happy Jack are both $1,448 in the 86024 zip code, illustrating a consistent tax environment across the area.
Average Happy Jack Assessed Value
$301,008
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 Happy Jack, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86024 | $90,162 | $202,124 | $301,008 | $402,552 | $522,530 |
Source: Ownwell
Property Tax Bills Across Happy Jack, Arizona
In Happy Jack, located in Coconino County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region typically see a median home price of $301,008. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and any applicable exemptions or deductions can influence the final tax bill. For homeowners in Happy Jack, the 25th percentile tax bill is approximately $827, while those in the 75th percentile can expect to pay around $1986 annually. The 90th percentile sees tax bills reaching up to $2584. This range indicates the variability in tax bills due to differing property values and assessment practices within the county. Compared to the national median property tax rate of 0.99%, Happy Jack's tax rate can significantly impact homeowners' annual expenses, making it crucial for property owners to understand their assessments and potential exemptions.
Average Happy Jack Tax Bill
$1,448
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Happy Jack, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86024 | $408 | $827 | $1,448 | $1,986 | $2,584 |
Source: Ownwell