Wittmann, Arizona Property Taxes
The median property tax rate in Wittmann, AZ is 0.58%, slightly higher than the state median of 0.56% but still below the national median of 0.99%. With a median home value of $269,850, the typical annual property tax bill in Wittmann is around $1,503, significantly less than the national median of $2,690. Property taxes in Wittmann are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wittmann'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 Wittmann 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
Wittmann, 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 Wittmann Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wittmann with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wittmann 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 Wittmann, Arizona
Property taxes in Wittmann, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wittmann is 0.58%, significantly lower than the U.S. national median of 0.99%. Local government entities within Wittmann set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wittmann 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 Wittmann's effective property tax rate to other areas within Maricopa County and the national median. For comparison, the zip code 85361 has a median property tax rate of 0.58%, highlighting the uniformity within this region. Understanding how these areas compare with Wittmann 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 Wittmann Tax Rate
0.58%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wittmann, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85361 | 0.40% | 0.51% | 0.58% | 0.69% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Wittmann, Arizona
In Wittmann, 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. In Wittmann, 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. Wittmann's median home price is $269,850, and the zip code 85361 has both the highest and lowest median tax bill at $1,503. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wittmann Assessed Value
$269,850
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 Wittmann, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85361 | $65,730 | $97,650 | $269,850 | $411,650 | $479,570 |
Source: Ownwell
Property Tax Bills Across Wittmann, Arizona
In Wittmann, located in Maricopa County, AZ, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Wittmann, the tax rate is influenced by various factors, including property type, location, and any applicable exemptions. The median home price in Wittmann is $269,850. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill being $640 and the 75th percentile reaching $2,327. The 90th percentile tax bill is even higher at $2,825. Compared to the national median property tax rate of 0.99%, Wittmann's property tax rates are relatively moderate but can still impact homeowners' finances, especially for higher-valued properties. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances accordingly. Accurate assessments and knowledge of potential exemptions can also lead to significant savings.
Average Wittmann Tax Bill
$1,503
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Wittmann, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85361 | $318 | $640 | $1,503 | $2,327 | $2,825 |
Source: Ownwell