Maverick, Arizona Property Taxes
The median property tax rate in Maverick, AZ is 0.60%, slightly higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Maverick, the typical annual property tax bill reaches $568, which is significantly lower than the national median of $2,690. Property taxes in Maverick 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 Maverick'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 Maverick 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
Maverick, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$564
Ownwell’s Maverick Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Maverick with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Maverick to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Maverick, Arizona
Property taxes in Maverick, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maverick is 0.60%, lower than the Arizona state median and the U.S. national median of 0.99%. Local government entities within Maverick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maverick 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 Maverick's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in the region is found in zip code 85001, with a rate of 1.20%, while the lowest median tax rate is in zip code 86001, with a rate of 0.50%. Understanding how these cities compare with Maverick provides valuable insights into the varying tax landscape across Apache County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maverick Tax Rate
0.60%
Average Apache County Tax Rate
0.45%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maverick, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Maverick, Arizona
In Maverick, 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 local 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 Maverick, 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 Maverick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Maverick, the median home price is $94,082, with tax bills ranging from $568 at the 25th, 75th, and 90th percentiles. This highlights the importance of understanding property tax assessments to ensure fair taxation.
Average Maverick Assessed Value
$94,082
Average Apache County Assessed Value
$114,458
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maverick, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Maverick, Arizona
In Maverick, located in Apache County, AZ, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. For homeowners in Maverick, the median home price stands at $94,082. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property characteristics, location, and any applicable exemptions or deductions. For Maverick residents, the tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting an annual tax bill of $568. This uniformity suggests a stable tax environment for homeowners in the area. Compared to the national median property tax rate of 0.99%, Maverick's property tax rate offers a relatively predictable financial obligation for homeowners. Understanding these factors helps homeowners anticipate their annual property tax expenses and manage their budgets more effectively.
Average Maverick Tax Bill
$568
Average Apache County Tax Bill
$448
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Maverick, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
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Source: Ownwell