Tuba City, Arizona Property Taxes
The median property tax rate in Tuba City, AZ is 0.20%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Tuba City, the typical annual property tax bill is $56, which is well below the national median of $2,690. Property taxes in Tuba City are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tuba City'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 Tuba City or another part of the area, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tuba City, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s Tuba City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tuba City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tuba City 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 Tuba City, Arizona
Property taxes in Tuba City, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tuba City is 0.20%, significantly lower than both the Arizona state median of 0.72% and the U.S. national median of 0.99%. Local government entities within Tuba City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tuba City 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 Tuba City's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in Arizona is found in zip code 85383 at 1.09%, while the lowest median tax rate is in zip code 86401 at 0.45%. Understanding how these cities compare with Tuba City 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 Tuba City Tax Rate
0.20%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tuba City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86045 | 0.16% | 0.17% | 0.20% | 0.21% | 0.22% |
Source: Ownwell
Property Tax Assessment Values Across Tuba City, Arizona
In Tuba City, 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 Tuba City, 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 25th percentile tax bill is $26, while the 75th percentile tax bill is $75. 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 Tuba City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tuba City Assessed Value
$30,065
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 Tuba City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86045 | $7,510 | $18,336 | $30,065 | $42,486 | $53,621 |
Source: Ownwell
Property Tax Bills Across Tuba City, Arizona
In Tuba City, located in Coconino County, AZ, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. In this region, the median home price is $30,065, and property tax rates are applied to this assessed value to calculate the tax bill. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. For instance, homes in Tuba City might benefit from various exemptions that can reduce the overall tax burden. The tax bill can vary significantly, with the 25th percentile at $26, the 75th percentile at $75, and the 90th percentile at $93. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated and what factors are considered is crucial for financial planning and managing annual expenses. Compared to the national median property tax rate of 0.99%, Tuba City's property tax rates are relatively low, making it an attractive option for homeowners.
Average Tuba City Tax Bill
$56
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tuba City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86045 | $11 | $26 | $56 | $75 | $93 |
Source: Ownwell