Tortilla Flat, Arizona Property Taxes
The median property tax rate in Tortilla Flat, AZ is 0.35%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $263,050 in Tortilla Flat, the typical annual property tax bill amounts to $820, which is well below the national median of $2,690. Property taxes in Tortilla Flat are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Tortilla Flat's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Tortilla Flat or another part of Maricopa County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tortilla Flat, 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 Tortilla Flat Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tortilla Flat with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tortilla Flat 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 Tortilla Flat, Arizona
Property taxes in Tortilla Flat, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tortilla Flat is 0.35%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Tortilla Flat set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tortilla Flat 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 Tortilla Flat's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in Maricopa County is in zip code 85253 at 0.90%, while the lowest median tax rate is in zip code 85003 at 0.30%. Understanding how these areas compare with Tortilla Flat 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 Tortilla Flat Tax Rate
0.35%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tortilla Flat, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85190 | 0.31% | 0.33% | 0.35% | 0.38% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Tortilla Flat, Arizona
In Tortilla Flat, 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 Tortilla Flat, 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 Tortilla Flat helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $820, found in zip code 85190, which is also the lowest median tax bill.
Property Tax Assessment Values Across Tortilla Flat, Arizona
Source: Ownwell
$57,600
$858,850
$1,660,100
Average Tortilla Flat Assessed Value
$263,050
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 Tortilla Flat, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85190 | $108,690 | $166,575 | $263,050 | $359,525 | $417,410 |
Source: Ownwell
Property Tax Bills Across Tortilla Flat, Arizona
In Tortilla Flat, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $263,050. Local taxing authorities determine the tax rate, which is applied to the assessed value to calculate the tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value and, consequently, the tax bill. For homeowners, this means that a home assessed at the median price could expect a tax bill ranging from $554 at the 25th percentile to $1,086 at the 75th percentile, with the 90th percentile reaching up to $1,246. Compared to the national median property tax rate of 0.99%, Tortilla Flat's property taxes offer a range that can significantly impact household budgets. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Tortilla Flat Tax Bill
$820
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tortilla Flat, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85190 | $395 | $554 | $820 | $1,086 | $1,246 |
Source: Ownwell