Madera Canyon, Arizona Property Taxes
The median property tax rate in Madera Canyon, AZ is 0.46%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Madera Canyon, the typical annual property tax bill reaches $536, significantly below the national median of $2,690. Property taxes in Madera Canyon 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 Madera Canyon'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 Madera Canyon 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
Madera Canyon, 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 Madera Canyon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Madera Canyon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Madera Canyon 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 Madera Canyon, Arizona
Property taxes in Madera Canyon, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Madera Canyon is 0.46%, which is below the U.S. national median of 0.99%. Local government entities within Madera Canyon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Madera Canyon 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 Madera Canyon's effective property tax rate to other areas and the national median. For comparison, the zip code 85614 has both the highest and lowest median property tax rate of 0.46%. Understanding how these areas compare with Madera Canyon 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 Madera Canyon Tax Rate
0.46%
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 Madera Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85614 | 0.43% | 0.43% | 0.46% | 0.50% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Madera Canyon, Arizona
In Madera Canyon, 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. In Madera Canyon, 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 Madera Canyon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $536, found in zip code 85614.
Average Madera Canyon Assessed Value
$106,055
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 Madera Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85614 | $48,853 | $72,380 | $106,055 | $199,961 | $331,904 |
Source: Ownwell
Property Tax Bills Across Madera Canyon, Arizona
In Madera Canyon, Santa Cruz County, AZ, 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 this area is $106,055. Local tax authorities then apply the relevant tax rate to this assessed value to determine the annual tax bill. Factors such as the property's location within specific school districts or municipal boundaries can also influence the final tax amount. For homeowners, the impact of these taxes can vary widely. For example, the tax bill at the 25th percentile is $383, while at the 75th percentile, it rises to $902. At the 90th percentile, homeowners might see a tax bill as high as $1,430. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Madera Canyon's tax rates and bills can significantly affect household budgets, making it essential for homeowners to understand how their property taxes are calculated.
Average Madera Canyon Tax Bill
$536
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 Madera Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85614 | $239 | $383 | $536 | $902 | $1,430 |
Source: Ownwell