Chandler, Arizona Property Taxes
The median property tax rate in Chandler, 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 $384,800 in Chandler, the typical annual property tax bill amounts to $1,975, which is below the national median of $2,690. Property taxes in Chandler are calculated based on the assessed value, often lower than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Chandler'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 Chandler or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chandler, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,962
Ownwell’s Chandler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chandler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chandler 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 Chandler, Arizona
Property taxes in Chandler, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chandler is 0.51%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Chandler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chandler 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 Chandler's effective property tax rate to other areas in Maricopa County and the national median. For comparison, the 85248 zip code has the highest median property tax rate of 0.60%, while the 85225 zip code has the lowest median tax rate of 0.44%. Understanding how these areas compare with Chandler 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 Chandler Tax Rate
0.51%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chandler, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85224 | 0.37% | 0.40% | 0.44% | 0.50% | 0.57% |
| 85225 | 0.28% | 0.36% | 0.44% | 0.50% | 0.55% |
| 85226 | 0.42% | 0.46% | 0.51% | 0.57% | 0.63% |
| 85248 | 0.49% | 0.54% | 0.60% | 0.67% | 0.74% |
| 85249 | 0.47% | 0.51% | 0.57% | 0.64% | 0.69% |
| 85286 | 0.44% | 0.48% | 0.55% | 0.60% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Chandler, Arizona
In Chandler, 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 Assessor's Office 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 Chandler, 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. For example, the zip code with the highest median tax bill is 85248 at $3,030, while the lowest is 85225 at $1,436. 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 Chandler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chandler Assessed Value
$384,800
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 Chandler, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85224 | $227,470 | $299,000 | $338,700 | $382,300 | $465,200 |
| 85225 | $209,100 | $281,000 | $329,200 | $380,300 | $445,800 |
| 85226 | $269,000 | $322,200 | $374,800 | $451,100 | $525,200 |
| 85248 | $315,500 | $406,350 | $506,000 | $639,075 | $785,030 |
| 85249 | $287,000 | $370,275 | $496,300 | $615,200 | $759,700 |
| 85286 | $325,600 | $386,800 | $454,200 | $542,600 | $649,860 |
Source: Ownwell
Property Tax Bills Across Chandler, Arizona
In Chandler, Maricopa County, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The county assessor evaluates properties to establish this assessed value, considering factors such as location, size, and condition of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Chandler can expect their property tax bills to vary significantly. For instance, the tax bill for homes in the 25th percentile is around $1,429, while those in the 75th percentile face bills closer to $2,777. The highest median tax bill in the area reaches $3,030, notably in the 85248 zip code. Comparatively, this is still below the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can significantly impact their annual budget, influencing decisions on home purchases and long-term financial planning.
Average Chandler Tax Bill
$1,975
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Chandler, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85224 | $893 | $1,222 | $1,507 | $1,885 | $2,399 |
| 85225 | $643 | $991 | $1,436 | $1,838 | $2,289 |
| 85226 | $1,134 | $1,499 | $1,904 | $2,490 | $3,131 |
| 85248 | $1,733 | $2,258 | $3,030 | $4,047 | $5,393 |
| 85249 | $1,539 | $2,042 | $2,738 | $3,634 | $4,792 |
| 85286 | $1,548 | $1,970 | $2,488 | $3,111 | $3,808 |
Source: Ownwell