Aguila, Arizona Property Taxes
The median property tax rate in Aguila, AZ is 0.71%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With a median home value of $122,500 in Aguila, the typical annual property tax bill is approximately $718, significantly below the national median of $2,690. Property taxes in Aguila are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Aguila's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Aguila or another part of Maricopa County, being well-informed about the local property tax system will yield financial benefits.
Last Updated June 14, 2024
Aguila, 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 Aguila Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aguila with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aguila 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 Aguila, Arizona
Property taxes in Aguila, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aguila is 0.71%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Aguila set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aguila 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 Aguila's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85320 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Aguila provides valuable insights into the varying tax landscape across Maricopa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aguila Tax Rate
0.71%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aguila, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85320 | 0.42% | 0.52% | 0.71% | 0.83% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Aguila, Arizona
In Aguila, 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 Maricopa 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. 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 Aguila helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 85320 in Aguila has both the highest and lowest median tax bill at $718.
Average Aguila Assessed Value
$122,500
Average Maricopa County Assessed Value
$328,300
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aguila, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85320 | $32,400 | $60,700 | $122,500 | $292,050 | $410,200 |
Source: Ownwell
Property Tax Bills Across Aguila, Arizona
In Aguila, property tax bills are calculated based on the assessed value of your home, which is determined by the Maricopa County Assessor's Office. This assessed value is then multiplied by the local property tax rate to determine your annual tax bill. The median home price in Aguila is $122,500, and the property tax rate is relatively low compared to the national median of 0.99%. Several factors influence your tax bill, including the market value of your property, any applicable exemptions, and local tax levies. Homeowners in Aguila can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $362, while the 75th percentile reaches up to $2,109, and the 90th percentile can be as high as $3,226. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly. The consistency in the median tax bill, which is $718 across different zip codes, reflects a stable property tax environment in Aguila.
Average Aguila Tax Bill
$718
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Aguila, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85320 | $217 | $362 | $718 | $2,109 | $3,226 |
Source: Ownwell