Oro Valley, Arizona Property Taxes
The median property tax rate in Oro Valley, AZ is 0.92%, slightly below the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With a median home value of $399,676 in Oro Valley, the typical annual property tax bill reaches $3,582, which is well above the national median of $2,690. Property taxes in Oro Valley are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Oro Valley'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 Oro Valley 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
Oro Valley, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$3,677
Ownwell’s Oro Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oro Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oro Valley 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 Oro Valley, Arizona
Property taxes in Oro Valley, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oro Valley is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Oro Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oro Valley 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 Oro Valley's effective property tax rate to other areas in Pima County and the national median. For comparison, the 85742 zip code has the highest median property tax rate of 0.96%, while the 85704 zip code has the lowest median tax rate of 0.89%. Understanding how these areas compare with Oro Valley provides valuable insights into the varying tax landscape across Pima County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oro Valley Tax Rate
0.92%
Average Pima County Tax Rate
0.81%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oro Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85704 | 0.78% | 0.82% | 0.89% | 0.96% | 0.99% |
| 85737 | 0.80% | 0.83% | 0.92% | 0.96% | 1.06% |
| 85742 | 0.88% | 0.91% | 0.96% | 0.98% | 1.10% |
| 85755 | 0.82% | 0.87% | 0.91% | 0.97% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Oro Valley, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oro Valley, 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 Pima 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 Oro Valley, 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. The median home price in Oro Valley is $399,676, with tax bills ranging significantly. For example, the highest median tax bill is $5,271 in the 85742 zip code, while the lowest is $755 in the 85737 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oro Valley Assessed Value
$399,676
Average Pima County Assessed Value
$262,759
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oro Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85704 | $365,466 | $396,591 | $509,466 | $677,936 | $783,053 |
| 85737 | $72,480 | $79,258 | $83,328 | $98,451 | $112,023 |
| 85742 | $453,264 | $489,589 | $559,796 | $694,092 | $850,949 |
| 85755 | $289,661 | $332,698 | $390,097 | $508,801 | $783,134 |
Source: Ownwell
Property Tax Bills Across Oro Valley, Arizona
In Oro Valley, property tax bills are calculated based on the assessed value of your home, which is determined by the Pima County Assessor's Office. The assessed value typically represents a percentage of the market value of your property. Once the assessed value is established, the tax rate, which is set by local taxing authorities, is applied to calculate your property tax bill. Several factors influence the final tax bill, including the market value of your home, any applicable exemptions, and the specific tax rate in your area. For instance, in Oro Valley, the median home price is $399,676. Homeowners in the 25th percentile can expect a tax bill around $2,948, while those in the 75th percentile might see bills as high as $4,876. The highest median tax bill in the region, found in the 85742 zip code, reaches $5,271, whereas the lowest, in the 85737 zip code, is $755. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly, ensuring they are not caught off guard by their annual tax bill.
Average Oro Valley Tax Bill
$3,582
Average Pima County Tax Bill
$2,088
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Oro Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85704 | $2,925 | $3,308 | $4,421 | $6,468 | $7,352 |
| 85737 | $603 | $689 | $755 | $847 | $1,056 |
| 85742 | $4,319 | $4,544 | $5,271 | $7,028 | $8,659 |
| 85755 | $2,565 | $2,926 | $3,514 | $4,678 | $7,682 |
Source: Ownwell