Clifton, Arizona Property Taxes
The median property tax rate in Clifton, AZ is 0.45%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Clifton, the typical annual property tax bill reaches $285, far below the national median of $2,690. Property taxes in Clifton 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 Clifton'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 Clifton 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
Clifton, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$247
Ownwell’s Clifton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifton 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 Clifton, Arizona
Property taxes in Clifton, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifton is 0.45%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Clifton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifton 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 Clifton's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85533 zip code has both the highest and lowest median property tax rate of 0.45%. Understanding how these cities compare with Clifton provides valuable insights into the varying tax landscape across Greenlee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clifton Tax Rate
0.45%
Average Greenlee County Tax Rate
0.57%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifton, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85533 | 0.19% | 0.24% | 0.45% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Clifton, Arizona
In Clifton, 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 Greenlee 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 Clifton, 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. The median home price in Clifton is $54,969, with tax bills ranging from $146 at the 25th percentile to $580 at the 90th percentile. The highest and lowest median tax bills are both $285, found in the 85533 zip code. 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 Clifton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clifton Assessed Value
$54,969
Average Greenlee County Assessed Value
$55,617
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clifton, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85533 | $20,581 | $43,639 | $54,969 | $84,370 | $129,843 |
Source: Ownwell
Property Tax Bills Across Clifton, Arizona
In Clifton, AZ, property tax bills are calculated based on the assessed value of a home, which reflects a percentage of its market value. The property tax rate in Greenlee County plays a crucial role in determining the final tax bill. For Clifton homeowners, the median home price is $54,969. Property tax bills can vary significantly, with the 25th percentile at $146 and the 75th percentile at $406, indicating a range based on property values and specific local tax rates. Factors such as property location, improvements, and local government budgets also influence the tax bill. The highest median tax bill in Clifton stands at $285 within the 85533 zip code, which is relatively modest compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it also means local services funded by property taxes may have more limited resources. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Clifton Tax Bill
$285
Average Greenlee County Tax Bill
$328
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifton, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85533 | $47 | $146 | $285 | $406 | $580 |
Source: Ownwell