Wagon Wheel Dr, Arizona Property Taxes
The median property tax rate in Wagon Wheel Dr, AZ is 0.57%, slightly above the state median of 0.56% but still below the national median of 0.99%. With a median home value of $168,850 in Wagon Wheel Dr, the typical annual property tax bill amounts to $963, which is significantly less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in Wagon Wheel Dr, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wagon Wheel Dr or another part of Maricopa County, grasping the local property tax landscape will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wagon Wheel Dr, 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 Wagon Wheel Dr Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wagon Wheel Dr with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wagon Wheel Dr 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 Wagon Wheel Dr, Arizona
Property taxes in Wagon Wheel Dr, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wagon Wheel Dr is 0.57%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Wagon Wheel Dr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wagon Wheel Dr 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 Wagon Wheel Dr'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 found in 85018 with a rate of 1.05%, while the lowest median tax rate is in 85003 with a rate of 0.35%. Understanding how these areas compare with Wagon Wheel Dr 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 Wagon Wheel Dr Tax Rate
0.57%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wagon Wheel Dr, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Wagon Wheel Dr, Arizona
In Wagon Wheel Dr, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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. In Wagon Wheel Dr, 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. For instance, the median home price is $168,850. Homeowners in the 25th percentile can expect a tax bill around $942, while those in the 75th percentile might see bills closer to $2,582. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wagon Wheel Dr, Arizona
Source: Ownwell
$57,600
$858,850
$1,660,100
Average Wagon Wheel Dr Assessed Value
$168,850
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 Wagon Wheel Dr, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Wagon Wheel Dr, Arizona
Property tax bills in Wagon Wheel Dr, Maricopa County, AZ are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property and applies an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local property tax rate to calculate the tax bill. For homeowners in Wagon Wheel Dr, the tax bills can vary significantly. The 25th percentile of tax bills is around $942, while the 75th percentile reaches $2,582, and the 90th percentile is as high as $3,554. These variations are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, homeowners in this area may find their tax bills to be a significant financial consideration. Understanding these factors can help homeowners better anticipate their property tax obligations and plan accordingly.
Average Wagon Wheel Dr Tax Bill
$963
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Wagon Wheel Dr, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell