Cibola, Arizona Property Taxes
The median property tax rate in Cibola, AZ is 0.81%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With the median home value in Cibola at $62,680, the typical annual property tax bill amounts to $512, which is significantly below the national median of $2,690. Property taxes in Cibola are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Cibola'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 Cibola 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
Cibola, 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 Cibola Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cibola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cibola to provide an estimate of 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 Cibola, Arizona
Property taxes in Cibola, Arizona, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Cibola is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Cibola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cibola 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. Understanding how these rates are determined can help homeowners anticipate their property tax obligations and plan accordingly. For comparison, the zip code 85328 has the highest median property tax rate in the region at 0.81%, which is the same as Cibola's median rate. This consistency across the area provides a stable tax landscape for homeowners, helping them gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cibola Tax Rate
0.81%
Average La Paz County Tax Rate
0.85%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cibola, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85328 | 0.65% | 0.73% | 0.81% | 0.85% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Cibola, Arizona
In Cibola, 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 La Paz 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 Cibola, 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 Cibola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 85328 has the highest and lowest median tax bill at $512.
Average Cibola Assessed Value
$62,680
Average La Paz County Assessed Value
$97,828
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cibola, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85328 | $29,410 | $41,536 | $62,680 | $111,294 | $167,925 |
Source: Ownwell
Property Tax Bills Across Cibola, Arizona
In Cibola, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting current real estate trends. Factors such as property size, location, and improvements play a significant role. For instance, the median home price in Cibola is $62,680, and homeowners can expect varying tax bills depending on their home's assessed value. Tax bills in Cibola range widely. The 25th percentile tax bill is $344, while the 75th percentile reaches $870, and the top 10% of tax bills climb to $1,268. Comparatively, the national median property tax rate is 0.99%, making Cibola's rates relatively modest. Homeowners in Cibola's ZIP code 85328 experience a median tax bill of $512, consistent with both the highest and lowest median tax bills in the area. These property taxes fund essential local services, impacting the overall quality of life for residents.
Average Cibola Tax Bill
$512
Average La Paz County Tax Bill
$836
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Cibola, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85328 | $220 | $344 | $512 | $870 | $1,268 |
Source: Ownwell