Arizona City, Arizona Property Taxes
The median property tax rate in Arizona City, AZ is 0.41%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Arizona City at $228,418, the typical annual property tax bill amounts to $915, which is far below the national median of $2,690. Property taxes in Arizona City are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Arizona City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Arizona City or another part of Pinal County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arizona City, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$937
Ownwell’s Arizona City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arizona City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arizona City 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 Arizona City, Arizona
Property taxes in Arizona City, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arizona City is 0.41%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Arizona City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arizona City 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 Arizona City's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85123 has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Arizona City provides valuable insights into the varying tax landscape across Pinal County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arizona City Tax Rate
0.41%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arizona City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85123 | 0.28% | 0.36% | 0.41% | 0.46% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Arizona City, Arizona
In Arizona City, 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 Pinal 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 Arizona City, 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 Arizona City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Arizona City are both $915, found in the 85123 zip code.
Average Arizona City Assessed Value
$228,418
Average Pinal County Assessed Value
$319,292
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arizona City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85123 | $133,750 | $189,978 | $228,418 | $266,416 | $315,418 |
Source: Ownwell
Property Tax Bills Across Arizona City, Arizona
In Arizona City, located in Pinal County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Arizona City is $228,418. Property tax rates in this area are relatively moderate compared to the national median property tax rate of 0.99%. Homeowners in Arizona City can expect their annual property tax bills to vary. The 25th percentile tax bill is around $655, while the 75th percentile tax bill reaches $1,128. For those in the 90th percentile, tax bills can climb to approximately $1,411. The highest median tax bill recorded in the city is $915, which is consistent across the zip code 85123. These tax bills are influenced by various factors, including property improvements, neighborhood developments, and changes in market conditions. For homeowners, understanding these factors and how they affect their property tax bills is crucial for financial planning and budgeting.
Average Arizona City Tax Bill
$915
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Arizona City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85123 | $381 | $655 | $915 | $1,128 | $1,411 |
Source: Ownwell