Lakeside, Arizona Property Taxes
The median property tax rate in Lakeside, AZ is 0.55%, which is lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Lakeside at $272,102, the typical annual property tax bill is $1,394, significantly less than the national median of $2,690. Property taxes in Lakeside are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Lakeside's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Lakeside or another part of Navajo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lakeside, 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 Lakeside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lakeside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lakeside 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 Lakeside, Arizona
Property taxes in Lakeside, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lakeside is 0.55%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Lakeside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lakeside 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 Lakeside's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85929 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these figures compare with Lakeside provides valuable insights into the varying tax landscape across Navajo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lakeside Tax Rate
0.55%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lakeside, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85929 | 0.44% | 0.49% | 0.55% | 0.61% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Lakeside, Arizona
In Lakeside, 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 Navajo 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 Lakeside, 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 Lakeside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 85929, both at $1,394.
Average Lakeside Assessed Value
$272,102
Average Navajo County Assessed Value
$216,485
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lakeside, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85929 | $73,175 | $143,602 | $272,102 | $394,894 | $590,103 |
Source: Ownwell
Property Tax Bills Across Lakeside, Arizona
In Lakeside, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the Navajo County Assessor's Office. The assessed value is a percentage of the market value of the property. Factors such as the property's location, size, and condition, as well as recent sales of similar properties in the area, are considered to determine this value. Homeowners in Lakeside can expect a range of property tax bills. For example, tax bills at the 25th percentile are around $815, while those at the 75th percentile can reach up to $2,041. For the top 10% of homeowners, tax bills can be as high as $3,180. Comparing these figures to the national median property tax rate of 0.99%, Lakeside homeowners experience a varied tax landscape, which can significantly impact their annual budgeting. Understanding these factors and how they influence property taxes can help homeowners better manage their finances and anticipate future tax liabilities.
Average Lakeside Tax Bill
$1,394
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Lakeside, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85929 | $451 | $815 | $1,394 | $2,041 | $3,180 |
Source: Ownwell