Waddell, Arizona Property Taxes
The median property tax rate in Waddell, AZ is 0.44%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Waddell at $387,050, the typical annual property tax bill is $1,684, which is also below the national median of $2,690. Property taxes in Waddell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Waddell'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 Waddell 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
Waddell, 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 Waddell Property Tax Bill Calculator offers a simple and effective way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Waddell with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Waddell to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Maricopa County, factors in any applicable exemptions for accurate property tax calculations.
Property Tax Rates Across Waddell, Arizona
Property taxes in Waddell, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waddell is 0.44%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Waddell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waddell 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 Waddell's effective property tax rate to other areas in Maricopa County and the national median. For comparison, the zip code 85355 has both the highest and lowest median property tax rate of 0.44%. Understanding how these areas compare with Waddell 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 Waddell Tax Rate
0.44%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waddell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85355 | 0.38% | 0.41% | 0.44% | 0.49% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Waddell, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Waddell, 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 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 Waddell, 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 Waddell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1,684, specifically in the 85355 zip code.
Average Waddell Assessed Value
$387,050
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 Waddell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85355 | $286,000 | $314,500 | $387,050 | $498,600 | $642,620 |
Source: Ownwell
Property Tax Bills Across Waddell, Arizona
In Waddell, located in Maricopa County, AZ, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor and typically represents a fraction of the property's market value. For homeowners in Waddell, the tax rate is applied to this assessed value to generate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Waddell is $387,050, and property tax bills in the area range from the 25th percentile at $1,348 to the 90th percentile at $3,081. The median property tax bill in the area stands at $1,684, which is below the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual housing costs, influencing decisions from purchasing to budgeting.
Average Waddell Tax Bill
$1,684
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Waddell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85355 | $1,161 | $1,348 | $1,684 | $2,319 | $3,081 |
Source: Ownwell