Buckeye, Arizona Property Taxes
The median property tax rate in Buckeye, AZ is 0.67%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With a median home value of $286,000 in Buckeye, the typical annual property tax bill amounts to $1,931, falling below the national median of $2,690. Property taxes in Buckeye are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Buckeye'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 Buckeye 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
Buckeye, 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 Buckeye Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buckeye with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buckeye 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 Buckeye, Arizona
Property taxes in Buckeye, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckeye is 0.67%, lower than both the Maricopa County median and the U.S. national median of 0.99%. Local government entities within Buckeye set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckeye 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 Buckeye's effective property tax rate to other areas in Maricopa County and the national median. For comparison, the 85361 zip code has the highest median property tax rate of 0.78%, while the 85326 zip code has the lowest median tax rate of 0.62%. Understanding how these areas compare with Buckeye provides valuable insights into the varying tax landscape across Maricopa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckeye Tax Rate
0.67%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckeye, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85326 | 0.43% | 0.53% | 0.62% | 0.74% | 0.87% |
| 85361 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
| 85396 | 0.55% | 0.62% | 0.77% | 0.90% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Buckeye, Arizona
In Buckeye, 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 Maricopa County 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 Buckeye, 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 Buckeye helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Buckeye is $2,510 in the 85396 zip code, while the lowest is $639 in the 85361 zip code.
Average Buckeye Assessed Value
$286,000
Average Maricopa County Assessed Value
$328,300
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buckeye, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85326 | $185,460 | $237,500 | $266,000 | $300,600 | $348,500 |
| 85361 | $82,000 | $82,000 | $82,000 | $82,000 | $82,000 |
| 85396 | $242,300 | $278,500 | $324,800 | $395,500 | $483,000 |
Source: Ownwell
Property Tax Bills Across Buckeye, Arizona
In Buckeye, located in Maricopa County, AZ, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. For example, with a median home price of $286,000, homeowners can expect varying tax bills based on their property's assessed value and location within the city. Factors such as property size, location, and improvements can influence the assessed value. Tax bills in Buckeye can range significantly, with the 25th percentile at $1,475 and the 75th percentile reaching $2,597. At the 90th percentile, tax bills can be as high as $3,530. For homeowners in Buckeye, the tax rate is relatively favorable compared to the national median property tax rate of 0.99%. The highest median tax bill in Buckeye is found in the 85396 zip code at $2,510, while the lowest is in the 85361 zip code at $639. These variations directly impact how much homeowners pay annually, influencing their overall cost of living.
Average Buckeye Tax Bill
$1,931
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckeye, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85326 | $864 | $1,304 | $1,708 | $2,110 | $2,546 |
| 85361 | $639 | $639 | $639 | $639 | $639 |
| 85396 | $1,418 | $1,806 | $2,510 | $3,342 | $4,343 |
Source: Ownwell