Tolleson, Arizona Property Taxes
The median property tax rate in Tolleson, AZ is 0.59%, slightly higher than the Arizona state median of 0.56% but still below the national median of 0.99%. With a median home value of $280,500 in Tolleson, the typical annual property tax bill amounts to $1,678, which is significantly lower than the national median of $2,690. Property taxes in Tolleson are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tolleson'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 Tolleson 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
Tolleson, 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 Tolleson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tolleson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tolleson 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 Tolleson, Arizona
Property taxes in Tolleson, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Tolleson is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Tolleson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tolleson 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 Tolleson's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 85353 has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these areas compare with Tolleson 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 Tolleson Tax Rate
0.59%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tolleson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85353 | 0.49% | 0.54% | 0.59% | 0.71% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Tolleson, Arizona
In Tolleson, 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 Tolleson, 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 Tolleson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Tolleson is $280,500, with tax bills ranging from $1,380 at the 25th percentile to $2,467 at the 90th percentile. The zip code 85353 has both the highest and lowest median tax bill at $1,678.
Average Tolleson Assessed Value
$280,500
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 Tolleson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85353 | $220,690 | $255,600 | $280,500 | $305,000 | $339,300 |
Source: Ownwell
Property Tax Bills Across Tolleson, Arizona
In Tolleson, property tax bills are calculated based on the assessed value of a home, which is determined by the Maricopa County Assessor’s Office. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. In Tolleson, the median home price is $280,500. Property tax bills can vary widely, with the 25th percentile tax bill at $1,380 and the 75th percentile tax bill at $2,078. The highest median tax bill in the area is $1,678, found in the 85353 zip code. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. For homeowners, this means that changes in property values or tax rates can significantly impact their annual tax obligations. Compared to the national median property tax rate of 0.99%, Tolleson's tax rates can be quite favorable, offering some relief to homeowners in this region.
Average Tolleson Tax Bill
$1,678
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tolleson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85353 | $1,131 | $1,380 | $1,678 | $2,078 | $2,467 |
Source: Ownwell