Overgaard, Arizona Property Taxes
The median property tax rate in Overgaard, AZ is 0.55%, which is lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Overgaard at $199,038, the typical annual property tax bill amounts to $1,102, significantly below the national median of $2,690. Property taxes in Overgaard are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Overgaard'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 Overgaard or another part of Navajo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Overgaard, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,095
Ownwell’s Overgaard Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential property buyers in Overgaard. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Overgaard to provide an accurate estimate of your annual property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more granular details, neighborhood-level trends and insights are available further down the page. Your property’s assessed value, determined by Navajo County, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Overgaard, Arizona
Property taxes in Overgaard, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Overgaard is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Overgaard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Overgaard 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 Overgaard's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85933 zip code has the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Overgaard provides valuable insights into the varying tax landscape across Navajo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Overgaard Tax Rate
0.55%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Overgaard, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85933 | 0.45% | 0.51% | 0.55% | 0.60% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Overgaard, Arizona
In Overgaard, 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 Navajo 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 Overgaard, 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 Overgaard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Overgaard is $199,038, with median tax bills ranging from $522 at the 25th percentile to $2,679 at the 90th percentile. The zip code 85933 has both the highest and lowest median tax bill at $1,102.
Average Overgaard Assessed Value
$199,038
Average Navajo County Assessed Value
$216,485
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Overgaard, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85933 | $47,259 | $93,112 | $199,038 | $348,452 | $515,498 |
Source: Ownwell
Property Tax Bills Across Overgaard, Arizona
Property tax bills in Overgaard, located in Navajo County, AZ, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Overgaard is $199,038. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile paying around $522 annually, while those in the 75th percentile see bills closer to $1,840. The 90th percentile of property tax bills can reach up to $2,679. Several factors influence the total tax bill, including the home's market value, the local tax rate, and any applicable exemptions. These property taxes fund essential local services such as schools, road maintenance, and emergency services. Compared to the national median property tax rate of 0.99%, Overgaard's property tax rates reflect the region's specific economic and governmental needs. Homeowners need to be aware of these variations as they can significantly impact their annual financial planning.
Average Overgaard Tax Bill
$1,102
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Overgaard, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85933 | $262 | $522 | $1,102 | $1,840 | $2,679 |
Source: Ownwell