Apache Junction, Arizona Property Taxes
The median property tax rate in Apache Junction, AZ is 0.36%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $250,300 in Apache Junction, the typical annual property tax bill is $796, well below the national median of $2,690. Property taxes in Apache Junction 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 Apache Junction'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 Apache Junction 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
Apache Junction, 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 APACHE JUNCTION Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in APACHE JUNCTION with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in APACHE JUNCTION 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 Apache Junction, Arizona
Property taxes in Apache Junction, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Apache Junction is 0.36%, significantly lower than both the Arizona state median of 0.72% and the U.S. national median of 0.99%. Local government entities within Apache Junction set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apache Junction 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 Apache Junction'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 85003 with a rate of 1.18%, while the lowest is in 85377 with a rate of 0.32%. Understanding how these areas compare with Apache Junction 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 Apache Junction Tax Rate
0.36%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apache Junction, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85119 | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
| 85120 | 0.24% | 0.29% | 0.36% | 0.48% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Apache Junction, Arizona
In Apache Junction, 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 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 Apache Junction, 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. For instance, the highest median tax bill in Apache Junction is $1,354 in the 85119 zip code, while the lowest median tax bill is $794 in the 85120 zip code. Being aware of these valuation processes in Apache Junction helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Apache Junction, Arizona
Source: Ownwell
$57,600
$858,850
$1,660,100
Average Apache Junction Assessed Value
$250,300
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 Apache Junction, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85119 | $603,600 | $603,600 | $603,600 | $603,600 | $603,600 |
| 85120 | $75,700 | $168,425 | $250,250 | $287,000 | $355,920 |
Source: Ownwell
Property Tax Bills Across Apache Junction, Arizona
Property tax bills in Apache Junction, located in Maricopa County, AZ, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. In this region, the median home price is $250,300. The tax bill can vary significantly, with the 25th percentile at $559 and the 75th percentile at $1,038, reflecting differences in property values and applicable exemptions. Factors influencing the tax bill include the property's market value, local assessment ratios, and any eligible exemptions. Homeowners in the highest median tax bill area, with a zip code of 85119, face an average of $1,354, while those in the lowest median tax bill area, zip code 85120, pay around $794. These taxes fund essential public services, such as schools and infrastructure, impacting the community's overall quality of life. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Apache Junction Tax Bill
$796
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Apache Junction, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85119 | $1,354 | $1,354 | $1,354 | $1,354 | $1,354 |
| 85120 | $378 | $557 | $794 | $1,037 | $1,465 |
Source: Ownwell