Fort Mcdowell, Arizona Property Taxes
The median property tax rate in Fort McDowell, AZ is 0.37%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Fort McDowell at $711,800, the typical annual property tax bill reaches $2,559, which is below the national median of $2,690. Property taxes in Fort McDowell 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 Fort McDowell'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 Fort McDowell or another part of Maricopa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Mcdowell, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$2,634
Ownwell’s FORT MCDOWELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT MCDOWELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT MCDOWELL 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 Fort Mcdowell, Arizona
Property taxes in Fort McDowell, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort McDowell is 0.37%, which is lower than both the Arizona state median of 0.72% and the U.S. national median of 0.99%. Local government entities within Fort McDowell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort McDowell 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 Fort McDowell's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85018 zip code has the highest median property tax rate of 0.88%, while the 85301 zip code has the lowest median tax rate of 0.49%. Understanding how these cities compare with Fort McDowell 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 Fort Mcdowell Tax Rate
0.37%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Mcdowell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85264 | 0.29% | 0.34% | 0.37% | 0.40% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Fort Mcdowell, Arizona
In FORT MCDOWELL, 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 FORT MCDOWELL, 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 FORT MCDOWELL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 85264 zip code, the median tax bill is $2,559, which is the same for both the highest and lowest median tax bills in the area.
Property Tax Assessment Values Across Fort Mcdowell, Arizona
Source: Ownwell
$57,600
$858,850
$1,660,100
Average Fort Mcdowell Assessed Value
$711,800
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 Fort Mcdowell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85264 | $471,800 | $570,100 | $711,800 | $850,500 | $1,025,000 |
Source: Ownwell
Property Tax Bills Across Fort Mcdowell, Arizona
In Fort McDowell, property tax bills are determined based on the assessed value of the home, which is a percentage of the market value. Maricopa County uses this assessed value to calculate the tax owed by applying the local tax rate. For instance, the median home price in Fort McDowell is $711,800, and the property tax rate in this area is reflective of the national median property tax rate of 0.99%. However, tax bills can vary significantly, with the 25th percentile at $2,022 and the 75th percentile at $3,372. The highest median tax bill recorded in the area is $2,559, which is consistent across the zip code 85264. Homeowners in Fort McDowell may find these tax bills impactful on their annual budgets, especially when considering that the 90th percentile tax bill can reach up to $4,097. These variations highlight the importance of understanding how assessed values and local tax rates combine to affect overall property tax obligations.
Average Fort Mcdowell Tax Bill
$2,559
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Mcdowell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85264 | $1,567 | $2,022 | $2,559 | $3,372 | $4,097 |
Source: Ownwell