Tusayan, Arizona Property Taxes
The median property tax rate in Tusayan, AZ is 1.76%, significantly higher than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $50,197 in Tusayan, the typical annual property tax bill is $907, which is lower than the national median of $2,690. Property taxes in Tusayan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Tusayan'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 Tusayan 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
Tusayan, 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 Tusayan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tusayan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tusayan 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 Tusayan, Arizona
Property taxes in Tusayan, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Tusayan is 1.76%, significantly higher than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Tusayan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tusayan 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 Tusayan's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 86023 has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these areas compare with Tusayan provides valuable insights into the varying tax landscape across Coconino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tusayan Tax Rate
1.76%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tusayan, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86023 | 1.45% | 1.54% | 1.76% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Tusayan, Arizona
In Tusayan, 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 Coconino 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 Tusayan, 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 Tusayan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Tusayan is $50,197, with the highest and lowest median tax bills both recorded at $907 in the 86023 zip code.
Average Tusayan Assessed Value
$50,197
Average Coconino County Assessed Value
$335,366
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tusayan, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86023 | $25,463 | $41,983 | $50,197 | $58,748 | $65,224 |
Source: Ownwell
Property Tax Bills Across Tusayan, Arizona
In Tusayan, located in Coconino 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 represents a percentage of the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For Tusayan, the median home price is $50,197, which influences the assessed value and, consequently, the tax bill. Several factors affect the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Tusayan can expect tax bills to vary, with the 25th percentile tax bill at $693 and the 75th percentile at $1,047. At the 90th percentile, the tax bill reaches $1,147. These figures are relatively moderate compared to the national median property tax rate of 0.99%. Understanding these elements can help homeowners in Tusayan anticipate their property tax obligations and budget accordingly.
Average Tusayan Tax Bill
$907
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tusayan, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86023 | $537 | $693 | $907 | $1,047 | $1,147 |
Source: Ownwell