Tucson, Arizona Property Taxes
The median property tax rate in Tucson, AZ is 0.72%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With the median home value in Tucson at $415,066, the typical annual property tax bill amounts to $2,974, surpassing the national median of $2,690. Property taxes in Tucson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Tucson'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 Tucson 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
Tucson, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$2,988
Ownwell’s Tucson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tucson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tucson 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 Tucson, Arizona
Property taxes in Tucson, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tucson is 0.72%, which is below the U.S. national median of 0.99%. Local government entities within Tucson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tucson 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 Tucson's effective property tax rate to other zip codes in Pinal County and the national median. For comparison, the 85739 zip code has the highest median property tax rate of 0.72%, while the 85737 zip code has the lowest median tax rate of 0.60%. Understanding how these zip codes compare with Tucson 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 Tucson Tax Rate
0.72%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tucson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85737 | 0.56% | 0.58% | 0.60% | 0.74% | 0.83% |
| 85739 | 0.65% | 0.69% | 0.72% | 0.76% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Tucson, Arizona
In Tucson, 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 Tucson, 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. For example, the zip code 85739 has the highest median tax bill at $2,975, while the zip code 85737 has the lowest median tax bill at $521. 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 Tucson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tucson Assessed Value
$415,066
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 Tucson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85737 | $44,069 | $66,252 | $73,552 | $187,810 | $201,314 |
| 85739 | $289,240 | $350,978 | $415,094 | $494,170 | $588,096 |
Source: Ownwell
Property Tax Bills Across Tucson, Arizona
In Tucson, property tax bills are calculated based on the assessed value of a home, which is determined by the Pinal County Assessor's Office. This assessed value typically represents a percentage of the property's market value. Several factors influence the tax bill, including the property's location, size, and any improvements made. In Pinal County, the median home price is $415,066, which significantly impacts the tax amount. Homeowners in Tucson can expect varying tax bills. For instance, the 25th percentile tax bill is $2,512, while those in the 75th percentile pay around $3,539. The 90th percentile tax bill can reach up to $4,263. The highest median tax bill in the area is $2,975 in the 85739 zip code, whereas the lowest is $521 in the 85737 zip code. These variations illustrate how different factors contribute to the final tax amount. Compared to the national median property tax rate of 0.99%, Tucson homeowners may find their tax rates either higher or lower, depending on these assessed values and local tax policies.
Average Tucson Tax Bill
$2,974
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tucson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85737 | $294 | $443 | $521 | $1,175 | $1,515 |
| 85739 | $2,012 | $2,514 | $2,975 | $3,539 | $4,263 |
Source: Ownwell