Elgin, Arizona Property Taxes
The median property tax rate in Elgin, AZ is 1.18%, considerably higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Elgin at $284,032, the typical annual property tax bill reaches $3,333, exceeding the national median of $2,690. Property taxes in Elgin 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 Elgin'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 Elgin 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
Elgin, 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 Elgin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elgin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elgin 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 Elgin, Arizona
Property taxes in Elgin, AZ, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elgin is 1.18%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Elgin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elgin 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 Elgin's effective property tax rate to other areas in Santa Cruz County and the national median. For comparison, the zip code 85611 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these areas compare with Elgin provides valuable insights into the varying tax landscape across Santa Cruz County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elgin Tax Rate
1.18%
Average Santa Cruz County Tax Rate
0.85%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elgin, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85611 | 0.88% | 1.10% | 1.18% | 1.31% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Elgin, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Elgin, 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 Santa Cruz 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 Elgin, 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. For instance, the median home price here is $284,032, with tax bills ranging from $1,756 at the 25th percentile to $6,634 at the 90th percentile. Notably, the highest and lowest median tax bills both stand at $3,333 in the 85611 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Elgin Assessed Value
$284,032
Average Santa Cruz County Assessed Value
$140,525
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elgin, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85611 | $58,454 | $166,459 | $284,032 | $414,548 | $550,308 |
Source: Ownwell
Property Tax Bills Across Elgin, Arizona
In Elgin, property tax bills are calculated based on the assessed value of a home, which is determined by the Santa Cruz County Assessor's Office. The assessed value typically reflects a percentage of the property's market value. Homeowners in Elgin experience a range of property tax bills, with the 25th percentile paying around $1,756 and the 75th percentile facing bills up to $4,837. For those in the 90th percentile, tax bills can reach as high as $6,634. These figures are influenced by various factors, including the property's location, size, and any applicable exemptions. The median home price in Elgin stands at $284,032, which is a significant factor in determining the tax bill. Compared to the national median property tax rate of 0.99%, Elgin's property tax rates can significantly impact homeowners, especially those with higher-value properties. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Elgin Tax Bill
$3,333
Average Santa Cruz County Tax Bill
$1,184
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Elgin, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85611 | $699 | $1,756 | $3,333 | $4,837 | $6,634 |
Source: Ownwell