Snowflake, Arizona Property Taxes
The median property tax rate in Snowflake, AZ is 0.51%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $127,351 in Snowflake, the typical annual property tax bill amounts to $720, well below the national median of $2,690. Property taxes in Snowflake are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Snowflake'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 Snowflake 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
Snowflake, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$649
Ownwell’s Snowflake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snowflake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snowflake 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 Snowflake, Arizona
Property taxes in Snowflake, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snowflake is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Snowflake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snowflake 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 Snowflake's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85937 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Snowflake 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 Snowflake Tax Rate
0.51%
Average Apache County Tax Rate
0.45%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snowflake, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85937 | 0.42% | 0.44% | 0.51% | 0.54% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Snowflake, Arizona
In Snowflake, 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 Apache 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 Snowflake, 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 Snowflake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $720, found in zip code 85937.
Average Snowflake Assessed Value
$127,351
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 Snowflake, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85937 | $85,589 | $117,406 | $127,351 | $183,450 | $210,530 |
Source: Ownwell
Property Tax Bills Across Snowflake, Arizona
Property tax bills in Snowflake, located in Apache County, AZ, are determined using the assessed value of a property and the local tax rate. The median home price in Snowflake is $127,351, which serves as a key factor in calculating the property tax. The local tax rate is applied to the assessed value of the home to determine the annual tax bill. For instance, homeowners in the 25th percentile can expect a tax bill of around $549, while those in the 75th percentile might see bills closer to $881. The 90th percentile tax bill reaches up to $920. Compared to the national median property tax rate of 0.99%, Snowflake's property tax rates are relatively moderate. This can be beneficial for homeowners, as lower tax bills can make homeownership more affordable. However, the assessed value and local tax rate can fluctuate, impacting the overall tax burden. Understanding these factors is crucial for homeowners to anticipate their annual property tax liabilities and manage their finances effectively.
Average Snowflake Tax Bill
$720
Average Apache County Tax Bill
$448
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Snowflake, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85937 | $454 | $549 | $720 | $881 | $920 |
Source: Ownwell