Woodruff, Arizona Property Taxes
The median property tax rate in Woodruff, AZ is 0.92%, slightly below the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With the median home value in Woodruff at $64,096, the typical annual property tax bill comes to $610, which is substantially lower than the national median of $2,690. Property taxes in Woodruff are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Woodruff'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 Woodruff 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
Woodruff, 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 Woodruff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodruff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodruff 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 Woodruff, Arizona
Property taxes in Woodruff, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodruff is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Woodruff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodruff 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 Woodruff's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 85942 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Woodruff 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 Woodruff Tax Rate
0.92%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodruff, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85942 | 0.68% | 0.78% | 0.92% | 1.22% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Woodruff, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Woodruff, 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 Woodruff, 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 median home price in Woodruff is $64,096, with the 25th percentile tax bill at $375 and the 75th percentile tax bill at $863. The highest and lowest median tax bills are both $610, found in the 85942 zip code. Being aware of these valuation processes in Woodruff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Woodruff Assessed Value
$64,096
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 Woodruff, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85942 | $17,882 | $39,312 | $64,096 | $104,753 | $130,249 |
Source: Ownwell
Property Tax Bills Across Woodruff, Arizona
In Woodruff, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the Navajo County Assessor's Office. The assessed value is a percentage of the property's market value. Homeowners in Woodruff face a median property tax bill of $610, significantly lower than the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. For example, homeowners at the 25th percentile see tax bills around $375, while those at the 75th percentile pay approximately $863. At the 90th percentile, tax bills can reach up to $1273. These variations can impact homeowners differently, depending on their property's assessed value and the specific tax rates applied. Lower tax bills can make homeownership more affordable, but they also affect the funding available for local services such as schools and infrastructure. Understanding these factors can help homeowners manage their finances more effectively.
Average Woodruff Tax Bill
$610
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodruff, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85942 | $253 | $375 | $610 | $863 | $1,273 |
Source: Ownwell