Tonalea, Arizona Property Taxes
The median property tax rate in Tonalea, AZ is 0.15%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Tonalea, the typical annual property tax bill is around $64, which is well below the national median of $2,690. Property taxes in Tonalea 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 Tonalea'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 Tonalea or another part of Coconino County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tonalea, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.15%
Estimate Property Tax Bill
$75
Ownwell’s Tonalea Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tonalea with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tonalea to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by Coconino County, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Tonalea, Arizona
Property taxes in Tonalea, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tonalea is 0.15%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Tonalea set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tonalea 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 Tonalea's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in the region is 0.75%, while the lowest median tax rate is 0.10%. Understanding how these cities compare with Tonalea 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 Tonalea Tax Rate
0.15%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tonalea, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86044 | 0.11% | 0.12% | 0.15% | 0.17% | 0.19% |
Source: Ownwell
Property Tax Assessment Values Across Tonalea, Arizona
In Tonalea, 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 Tonalea, 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 tax bill at the 25th percentile is $59, while at the 75th percentile, it is $68. The highest tax bills, at the 90th percentile, reach $70. 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 Tonalea helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tonalea Assessed Value
$50,102
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 Tonalea, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86044 | $32,194 | $38,909 | $50,102 | $61,294 | $68,009 |
Source: Ownwell
Property Tax Bills Across Tonalea, Arizona
In Tonalea, 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. The county assessors determine the assessed value through periodic evaluations. The tax rate for the area is then applied to this assessed value to compute the annual tax bill. In comparison to the national median property tax rate of 0.99%, Tonalea homeowners benefit from relatively lower property tax bills. For instance, the 25th percentile of tax bills in Tonalea is around $59, while the 75th percentile is approximately $68. Even at the 90th percentile, the tax bill is just $70. These figures indicate that the property tax burden in Tonalea is quite manageable, making it an attractive location for homeowners who seek affordability in their tax obligations. Homeowners should be aware that factors such as property improvements and market conditions can influence the assessed value, thereby affecting their property tax bills over time.
Average Tonalea Tax Bill
$64
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tonalea, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86044 | $57 | $59 | $64 | $68 | $70 |
Source: Ownwell