Sun Valley, Arizona Property Taxes
The median property tax rate in Sun Valley, AZ is 0.89%, which is lower than the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With a median home value of $12,662 in Sun Valley, the typical annual property tax bill amounts to $133, considerably below the national median of $2,690. Property taxes in Sun Valley are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Sun Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to notable annual savings. Whether you're in the heart of Sun Valley or elsewhere in Navajo County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Sun Valley, 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 Sun Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sun Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sun Valley to provide an accurate estimation of your property tax bill. This insightful tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Sun Valley, Arizona
Property taxes in Sun Valley, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sun Valley is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Sun Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sun Valley 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 Sun Valley's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86029 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Sun Valley 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 Sun Valley Tax Rate
0.89%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sun Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86029 | 0.58% | 0.72% | 0.89% | 1.02% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Sun Valley, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sun Valley, 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 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 Sun Valley, 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. The highest median tax bill in the area is $133 in the 86029 zip code, while the lowest is also $133 in the same 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 Sun Valley Assessed Value
$12,662
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 Sun Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86029 | $3,354 | $4,176 | $12,662 | $30,924 | $58,789 |
Source: Ownwell
Property Tax Bills Across Sun Valley, Arizona
Property tax bills in Sun Valley, 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 this area is $12,662. Local tax authorities determine the assessed value, which is then multiplied by the local property tax rate to calculate the annual tax bill. In Sun Valley, the tax bill can vary significantly, with the 25th percentile at $36 and the 75th percentile at $276, indicating a wide range of property values and tax liabilities. Factors such as property location, improvements, and market trends are considered when determining the assessed value. Homeowners in Sun Valley typically face lower property tax bills compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $133, found in the 86029 zip code. Understanding these factors helps homeowners anticipate their tax liabilities and plan accordingly for their financial responsibilities.
Average Sun Valley Tax Bill
$133
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Sun Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86029 | $30 | $36 | $133 | $276 | $374 |
Source: Ownwell