Elgin, Arizona Property Taxes
The median property tax rate in Elgin, AZ is 0.88%, which is lower than the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With the median home value in Elgin, the typical annual property tax bill reaches $1,134, falling below the national median of $2,690. Property taxes in Elgin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Elgin'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 Elgin 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
Elgin, 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 Elgin Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and prospective buyers aiming to estimate their annual property taxes in Elgin with minimal effort. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Elgin to project your potential property tax bill. This valuable resource provides clarity on your tax obligations, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Elgin, Arizona
Property taxes in Elgin, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elgin is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Elgin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elgin 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 Elgin's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85611 zip code has the highest median property tax rate of 0.88%, while the same 85611 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Elgin provides valuable insights into the varying tax landscape across Pima County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elgin Tax Rate
0.88%
Average Pima County Tax Rate
0.81%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elgin, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85611 | 0.68% | 0.80% | 0.88% | 0.95% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Elgin, Arizona
In Elgin, 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 Pima 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 Elgin, 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 Elgin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elgin is $123,622, with tax bills ranging from the 25th percentile at $788 to the 90th percentile at $2,250. The zip code 85611 has the highest and lowest median tax bill, both at $1,134.
Average Elgin Assessed Value
$123,622
Average Pima County Assessed Value
$262,759
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elgin, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85611 | $81,138 | $90,530 | $123,622 | $178,970 | $250,239 |
Source: Ownwell
Property Tax Bills Across Elgin, Arizona
Property tax bills in Elgin, located in Pima County, AZ, are primarily determined by the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as the property's location, size, and type significantly influence its assessed value. In Elgin, the median home price stands at $123,622, and property tax bills can vary widely. For example, the 25th percentile tax bill is $788, while the 75th percentile reaches $1,685, and the 90th percentile can go up to $2,250. Compared to the national median property tax rate of 0.99%, Elgin's property tax rates can seem relatively manageable, but they still represent a considerable expense for homeowners. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Consequently, understanding how property tax bills are calculated is crucial for homeowners in managing their finances and planning for the future.
Average Elgin Tax Bill
$1,134
Average Pima County Tax Bill
$2,088
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Elgin, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85611 | $574 | $788 | $1,134 | $1,685 | $2,250 |
Source: Ownwell