Willcox, Arizona Property Taxes
The median property tax rate in Willcox, AZ is 0.63%, slightly higher than the Arizona state median of 0.56% but below the national median of 0.99%. With a median home value in Willcox of $95,236, the typical annual property tax bill is $540, significantly less than the national median of $2,690. Property taxes in Willcox 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 Willcox'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 Willcox 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
Willcox, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$600
Ownwell’s Willcox Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willcox with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willcox 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 Willcox, Arizona
Property taxes in Willcox, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willcox is 0.63%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Willcox set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willcox 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 Willcox's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85643 zip code has the highest median property tax rate of 0.63%, while the 85643 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Willcox provides valuable insights into the varying tax landscape across Graham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willcox Tax Rate
0.63%
Average Graham County Tax Rate
0.57%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willcox, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85643 | 0.36% | 0.49% | 0.63% | 0.80% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Willcox, Arizona
In Willcox, 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 Graham County Appraisal District 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 Willcox, 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 Willcox helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Willcox is $540 in the 85643 zip code.
Average Willcox Assessed Value
$95,236
Average Graham County Assessed Value
$149,866
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willcox, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85643 | $24,398 | $49,644 | $95,236 | $181,728 | $267,958 |
Source: Ownwell
Property Tax Bills Across Willcox, Arizona
In Willcox, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Willcox is $95,236. To determine the tax bill, local tax rates are applied to the assessed value. Homeowners in Willcox can expect to pay a property tax bill that varies significantly depending on the assessed value of their property. For instance, the 25th percentile tax bill is around $303, while those at the 75th percentile pay approximately $1,194. At the 90th percentile, tax bills can reach up to $1,694. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Willcox's property tax rates can result in varying financial impacts on homeowners. The highest and lowest median tax bills in the area are both $540, indicating a relatively stable tax environment within the 85643 zip code. Understanding these factors helps homeowners plan their finances and anticipate annual property tax obligations.
Average Willcox Tax Bill
$540
Average Graham County Tax Bill
$834
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Willcox, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85643 | $192 | $303 | $540 | $1,194 | $1,694 |
Source: Ownwell