Pinetop, Arizona Property Taxes
The median property tax rate in Pinetop, AZ is 0.61%, slightly higher than the state median of 0.56% but lower than the national median of 0.99%. With a median home value of $405,688 in Pinetop, the typical annual property tax bill amounts to $2,393, which is below the national median of $2,690. Property taxes in Pinetop are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pinetop'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 Pinetop 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
Pinetop, 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 Pinetop Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers in Pinetop, Navajo County, AZ. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Pinetop to provide an estimate of your annual property tax bill. This valuable resource helps you grasp your potential tax liabilities with ease. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down. Your property's assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Pinetop, Arizona
Property taxes in Pinetop, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinetop is 0.61%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Pinetop set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinetop 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 Pinetop's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 85935 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Pinetop 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 Pinetop Tax Rate
0.61%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pinetop, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85935 | 0.51% | 0.57% | 0.61% | 0.64% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Pinetop, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pinetop, Arizona. 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'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 Pinetop, 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. For instance, the highest median tax bill in the area is $2,393 in the 85935 zip code. Being aware of these valuation processes in Pinetop helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pinetop Assessed Value
$405,688
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 Pinetop, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85935 | $127,938 | $259,487 | $405,688 | $566,947 | $771,346 |
Source: Ownwell
Property Tax Bills Across Pinetop, Arizona
Property tax bills in Pinetop, located in Navajo County, AZ, are determined based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Pinetop stands at $405,688. Homeowners can expect their tax bill to vary significantly, with those in the 25th percentile paying around $1,448, while those in the 75th percentile face bills closer to $3,397. The 90th percentile sees tax bills reaching up to $4,781. These variations are influenced by several factors, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in Pinetop are both recorded at $2,393 in the zip code 85935, indicating a level of uniformity in tax assessments within that area. Compared to the national median property tax rate of 0.99%, Pinetop's property taxes can have a significant impact on homeowners, affecting their annual budgeting and overall financial planning.
Average Pinetop Tax Bill
$2,393
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinetop, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85935 | $750 | $1,448 | $2,393 | $3,397 | $4,781 |
Source: Ownwell