Winslow, Arizona Property Taxes
The median property tax rate in Winslow, AZ is 0.56%, aligning with the state median but significantly lower than the national median of 0.99%. With the median home value in Winslow at $16,749, the typical annual property tax bill is just $88, far below the national median of $2,690. Property taxes in Winslow are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Winslow's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Winslow or another part of Coconino County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winslow, 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 Winslow Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Winslow. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Winslow to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Coconino County, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Winslow, Arizona
Property taxes in Winslow, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winslow is 0.56%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Winslow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winslow 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 Winslow's effective property tax rate to other counties in Arizona and the national median. For comparison, the ZIP code 86047 has the highest median property tax rate of 0.56%, while the same ZIP code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Winslow 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 Winslow Tax Rate
0.56%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winslow, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86047 | 0.27% | 0.44% | 0.56% | 0.67% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Winslow, Arizona
In Winslow, 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 Winslow, 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 Winslow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Winslow, the median home price is $16,749. Homeowners in the 25th percentile pay around $30 in annual property taxes, while those in the 75th percentile pay approximately $246. For properties in the 90th percentile, the tax bill can reach up to $507. Understanding these figures can help homeowners anticipate their tax obligations and explore ways to minimize them.
Average Winslow Assessed Value
$16,749
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 Winslow, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86047 | $1,991 | $5,636 | $16,749 | $51,374 | $168,693 |
Source: Ownwell
Property Tax Bills Across Winslow, Arizona
In Winslow, located in Coconino County, AZ, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine your annual tax bill. Several factors influence your property tax, including the home's age, size, location, and any improvements made to it. For homeowners in Winslow, the median home price is $16,749. Property tax bills can vary significantly, with the 25th percentile paying around $30 annually, while those in the 75th percentile pay about $246. At the 90th percentile, tax bills can reach up to $507 per year. Compared to the national median property tax rate of 0.99%, Winslow's rates can be considered relatively low, offering some financial relief to homeowners. Understanding these factors can help residents better anticipate their property tax obligations and plan their finances accordingly.
Average Winslow Tax Bill
$88
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Winslow, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86047 | $10 | $30 | $88 | $246 | $507 |
Source: Ownwell