Coolidge, Arizona Property Taxes
The median property tax rate in Coolidge, AZ is 0.46%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Coolidge at $217,736, the typical annual property tax bill is $935, well below the national median of $2,690. Property taxes in Coolidge 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 Coolidge'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 Coolidge 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
Coolidge, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,002
Ownwell’s Coolidge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coolidge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coolidge 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 Coolidge, Arizona
Property taxes in Coolidge, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coolidge is 0.46%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Coolidge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coolidge 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 Coolidge's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85128 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Coolidge provides valuable insights into the varying tax landscape across Pinal County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coolidge Tax Rate
0.46%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coolidge, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85128 | 0.31% | 0.38% | 0.46% | 0.50% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Coolidge, Arizona
In Coolidge, 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 Pinal 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 Coolidge, 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. The median home price in Coolidge is $217,736, with tax bills ranging from $470 at the 25th percentile to $1,647 at the 90th percentile. The zip code 85128 has the highest and lowest median tax bill, both at $935. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coolidge Assessed Value
$217,736
Average Pinal County Assessed Value
$319,292
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coolidge, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85128 | $80,035 | $137,486 | $217,736 | $272,149 | $335,741 |
Source: Ownwell
Property Tax Bills Across Coolidge, Arizona
In Coolidge, located in Pinal County, AZ, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, in Coolidge, the median home price is $217,736. Homeowners in the 25th percentile pay around $470 annually, while those in the 75th percentile face bills of approximately $1,315. At the 90th percentile, property tax bills can reach up to $1,647. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Coolidge homeowners experience relatively moderate tax burdens. These tax bills directly impact homeowners by influencing their overall housing costs, which can affect affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Coolidge Tax Bill
$935
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Coolidge, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85128 | $233 | $470 | $935 | $1,315 | $1,647 |
Source: Ownwell