Gila Bend, Arizona Property Taxes
The median property tax rate in Gila Bend, AZ is 0.43%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Gila Bend being $57,600, the typical annual property tax bill reaches $264, significantly below the national median of $2,690. Property taxes in Gila Bend are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gila Bend'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 Gila Bend 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
Gila Bend, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$248
Ownwell’s Gila Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gila Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gila Bend 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 Gila Bend, Arizona
Property taxes in Gila Bend, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gila Bend is 0.43%, which is significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Gila Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gila Bend 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 Gila Bend's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 85337 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these areas compare with Gila Bend 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 Gila Bend Tax Rate
0.43%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gila Bend, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85337 | 0.28% | 0.35% | 0.43% | 0.53% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Gila Bend, Arizona
In Gila Bend, 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 Gila Bend, 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 Gila Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 85337 has both the highest and lowest median tax bill at $264.
Average Gila Bend Assessed Value
$57,600
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 Gila Bend, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85337 | $4,000 | $16,800 | $57,600 | $101,800 | $134,400 |
Source: Ownwell
Property Tax Bills Across Gila Bend, Arizona
In Gila Bend, located in Maricopa County, AZ, 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 Gila Bend is $57,600. Homeowners can expect their property tax bill to vary significantly depending on their property's assessed value. The tax bill at the 25th percentile is around $89, while at the 75th percentile, it rises to approximately $446. For those at the 90th percentile, the tax bill can reach up to $676. These calculations take into account various factors, including the local tax rate and any applicable exemptions or deductions. The highest and lowest median tax bills in this area are both $264, as indicated by the zip code 85337. Compared to the national median property tax rate of 0.99%, homeowners in Gila Bend may find their tax rates to be relatively manageable, though the impact on individual finances can vary widely based on the specific assessed value of their property.
Average Gila Bend Tax Bill
$264
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Gila Bend, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85337 | $20 | $89 | $264 | $446 | $676 |
Source: Ownwell