Queen Valley, Arizona Property Taxes
The median property tax rate in Queen Valley, AZ is 1.13%, considerably higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Queen Valley, the typical annual property tax bill reaches $658, which is lower than the national median of $2,690. Property taxes in Queen Valley 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 Queen Valley'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 Queen Valley 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
Queen Valley, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$572
Ownwell’s Queen Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Queen Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Queen Valley 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 Queen Valley, Arizona
Property taxes in Queen Valley, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Queen Valley is 1.13%, higher than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Queen Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Queen 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 Queen Valley's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85118 zip code has the highest median property tax rate of 1.13%, while the 85118 zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Queen Valley 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 Queen Valley Tax Rate
1.13%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Queen Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85118 | 0.50% | 0.62% | 1.13% | 1.47% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Queen Valley, Arizona
In Queen Valley, 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's Office 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 Queen 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. Being aware of these valuation processes in Queen Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $658 in the 85118 zip code, while the lowest median tax bill is also $658 in the same zip code.
Average Queen Valley Assessed Value
$50,578
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 Queen Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85118 | $18,234 | $28,481 | $50,578 | $215,559 | $412,029 |
Source: Ownwell
Property Tax Bills Across Queen Valley, Arizona
In Queen Valley, located in Pinal County, AZ, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value, which is determined by the county assessor. Various factors, such as location, property size, and market conditions, influence this valuation. For homeowners in Queen Valley, the median home price is $50,578. Property tax rates in this area are relatively modest, with the median tax bill at $658, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect a tax bill around $360, while those in the 75th percentile may see bills up to $1,269. For the highest 10% of properties, tax bills can reach as high as $2,270. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the community's quality of life. Therefore, understanding how your property tax bill is calculated can help you anticipate annual expenses and manage your budget effectively.
Average Queen Valley Tax Bill
$658
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Queen Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85118 | $219 | $360 | $658 | $1,269 | $2,270 |
Source: Ownwell