Queen Creek, Arizona Property Taxes
The median property tax rate in Queen Creek, AZ is 0.58%, slightly higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Queen Creek at $468,000, the typical annual property tax bill reaches $2,747, just below the national median of $2,690. Property taxes in Queen Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Queen Creek'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 Queen Creek 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
Queen Creek, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,714
Ownwell’s Queen Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Queen Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Queen Creek 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 Queen Creek, Arizona
Property taxes in Queen Creek, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Queen Creek is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Queen Creek set these rates annually, and they can vary across different neighborhoods. Each year, Queen Creek 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 Queen Creek's effective property tax rate to other areas in Maricopa County and the national median. For comparison, the zip code 85142 has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Queen Creek 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 Queen Creek Tax Rate
0.58%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Queen Creek, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85142 | 0.50% | 0.54% | 0.58% | 0.63% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Queen Creek, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Queen Creek, Arizona. 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 Queen Creek, 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. Queen Creek's median home price stands at $468,000, with the highest median tax bill recorded at $2,747 in the 85142 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Queen Creek Assessed Value
$468,000
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 Queen Creek, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85142 | $329,200 | $384,600 | $468,000 | $574,800 | $723,260 |
Source: Ownwell
Property Tax Bills Across Queen Creek, Arizona
Property tax bills in Queen Creek, located in Maricopa County, AZ, are calculated based on the assessed value of a property, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value, reflecting current real estate conditions. Homeowners in Queen Creek face varying tax bills, with the 25th percentile at $2,227 and the 75th percentile at $3,434, indicating a range influenced by property values and specific assessments. Several factors contribute to the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $2,747 for the zip code 85142. This is relatively moderate when compared to the national median property tax rate of 0.99%. These tax bills directly impact homeowners by affecting annual housing costs and potentially influencing decisions on buying or selling property in the region. Understanding these factors can help residents anticipate their financial obligations more accurately.
Average Queen Creek Tax Bill
$2,747
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Queen Creek, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85142 | $1,793 | $2,227 | $2,747 | $3,434 | $4,656 |
Source: Ownwell