Green Valley, Arizona Property Taxes
The median property tax rate in Green Valley, AZ is 0.51%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Green Valley at $52,338, the typical annual property tax bill reaches $243, significantly below the national median of $2,690. Property taxes in Green Valley 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 Green 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 Green 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
Green Valley, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$267
Ownwell’s Green Valley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Green Valley. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Green Valley to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed information, you can explore trends at the neighborhood level by scrolling down. Your property's assessed value, determined by Santa Cruz County, is used for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Green Valley, Arizona
Property taxes in Green Valley, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Valley is 0.51%, significantly lower than the U.S. national median of 0.99%. Local government entities within Green Valley set these rates annually, and they can vary across different neighborhoods. Each year, Green 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 Green Valley's effective property tax rate to other areas in Arizona and the national median. For comparison, the 85614 ZIP code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Green Valley 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 Green Valley Tax Rate
0.51%
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 Green Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85614 | 0.43% | 0.49% | 0.51% | 0.54% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Green Valley, Arizona
In Green Valley, 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 Santa Cruz 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. 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 Green Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Green Valley is $243 in the 85614 zip code, while the lowest median tax bill is also $243 in the same zip code.
Average Green Valley Assessed Value
$52,338
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 Green Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85614 | $37,719 | $39,265 | $52,338 | $123,685 | $182,892 |
Source: Ownwell
Property Tax Bills Across Green Valley, Arizona
In Green Valley, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The tax rate in Santa Cruz County is applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $52,338, homeowners can expect property tax bills that vary significantly across percentiles. The 25th percentile tax bill is around $201, while the 75th percentile tax bill reaches approximately $575. At the 90th percentile, homeowners might see tax bills as high as $937. These property tax bills are influenced by several factors, including the local tax rate and the assessed value of the property. Homeowners in Green Valley should be aware that these taxes fund essential public services such as schools, emergency services, and infrastructure. Comparing these figures to the national median property tax rate of 0.99%, it's evident that Green Valley offers a relatively affordable property tax environment, which can be a significant advantage for homeowners.
Average Green Valley Tax Bill
$243
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 Green Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85614 | $157 | $201 | $243 | $575 | $937 |
Source: Ownwell