Marble Canyon, Arizona Property Taxes
The median property tax rate in Marble Canyon, AZ is 0.90%, falling below the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With a median home value of $113,849, the typical annual property tax bill in Marble Canyon amounts to $904, which is considerably less than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to various exemptions, including those for primary residences and agricultural properties. Gaining a thorough understanding of Marble Canyon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marble Canyon or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marble Canyon, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,025
Ownwell’s Marble Canyon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marble Canyon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marble Canyon 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 Marble Canyon, Arizona
Property taxes in Marble Canyon, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marble Canyon is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Marble Canyon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marble Canyon 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 Marble Canyon's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 86036 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Marble Canyon 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 Marble Canyon Tax Rate
0.90%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marble Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86036 | 0.73% | 0.81% | 0.90% | 0.95% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Marble Canyon, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marble Canyon, 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 Marble Canyon, 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. For instance, the median home price in Marble Canyon is $113,849, with tax bills ranging from $477 at the 25th percentile to $3,575 at the 90th percentile. The highest and lowest median tax bills are both $904 in the 86036 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Marble Canyon Assessed Value
$113,849
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 Marble Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86036 | $39,431 | $51,648 | $113,849 | $292,241 | $425,508 |
Source: Ownwell
Property Tax Bills Across Marble Canyon, Arizona
In Marble Canyon, located in Coconino County, AZ, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value, which is determined by the county assessor. The tax rate is then applied to this assessed value to calculate the property tax bill. Several factors influence the assessed value, including the home's location, size, and condition. In Marble Canyon, the median home price is $113,849. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $477 and the 75th percentile at $2,350. For those in the 90th percentile, tax bills can reach up to $3,575. These property taxes fund essential public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Marble Canyon's property tax rates can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Marble Canyon Tax Bill
$904
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Marble Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86036 | $326 | $477 | $904 | $2,350 | $3,575 |
Source: Ownwell