Kearny, Arizona Property Taxes
The median property tax rate in Kearny, AZ is 0.61%, slightly higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Kearny, the typical annual property tax bill reaches $684, significantly lower than the national median of $2,690. Property taxes in Kearny are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kearny'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 Kearny 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
Kearny, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$681
Ownwell’s Kearny Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kearny with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kearny 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 Kearny, Arizona
Property taxes in Kearny, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kearny is 0.61%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Kearny set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kearny 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 Kearny's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85137 zip code 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 Kearny 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 Kearny Tax Rate
0.61%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kearny, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85137 | 0.46% | 0.58% | 0.61% | 0.69% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Kearny, Arizona
In Kearny, 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 Appraisal District 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 Kearny, 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 Kearny helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kearny are both $684, found in the 85137 zip code.
Average Kearny Assessed Value
$111,602
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 Kearny, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85137 | $60,496 | $96,805 | $111,602 | $133,190 | $164,612 |
Source: Ownwell
Property Tax Bills Across Kearny, Arizona
In Kearny, 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 Kearny is $111,602. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $555, while at the 75th percentile, it rises to approximately $815. The tax bill at the 90th percentile reaches $1020. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These tax obligations can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Kearny's tax rates are relatively modest, making it an attractive option for those looking to manage their property-related expenses effectively.
Average Kearny Tax Bill
$684
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Kearny, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85137 | $280 | $555 | $684 | $815 | $1,020 |
Source: Ownwell