Winkelman, Arizona Property Taxes
The median property tax rate in Winkelman, AZ is 0.88%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With a median home value of $50,046, the typical annual property tax bill in Winkelman amounts to $406, significantly less than the national median of $2,690. Property taxes in Winkelman are determined based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Winkelman's property tax system, exploring available exemptions, and finding opportunities for reductions can result in notable annual savings. Whether you're in the heart of Winkelman or elsewhere in the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Winkelman, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$440
Ownwell’s Winkelman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winkelman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winkelman 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 Winkelman, Arizona
Property taxes in Winkelman, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winkelman is 0.88%, which is below the U.S. national median of 0.99%. Local government entities within Winkelman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winkelman 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 Winkelman's effective property tax rate to other areas in Arizona and the national median. For comparison, the 85192 zip code has the highest median property tax rate of 0.88%, while also having the lowest median tax rate of 0.88%. Understanding how these cities compare with Winkelman 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 Winkelman Tax Rate
0.88%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winkelman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85192 | 0.49% | 0.60% | 0.88% | 1.08% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Winkelman, Arizona
In Winkelman, 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 Winkelman, 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 Winkelman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 85192 has the highest and lowest median tax bill at $406, compared to the national median property tax rate of 0.99%.
Average Winkelman Assessed Value
$50,046
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 Winkelman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85192 | $8,343 | $12,391 | $50,046 | $113,492 | $171,829 |
Source: Ownwell
Property Tax Bills Across Winkelman, Arizona
Property tax bills in Winkelman, located in Pinal County, AZ, are calculated based on the assessed value of a property. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. In Winkelman, the median home price is $50,046. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rate set by local taxing authorities. Homeowners in Winkelman can expect a wide range in their tax bills. For instance, the 25th percentile tax bill is $108, while the 75th percentile tax bill is $672. At the higher end, the 90th percentile tax bill reaches $1,079. Compared to the national median property tax rate of 0.99%, Winkelman's property tax bills are relatively modest, offering some relief to homeowners in this region. These tax bills help fund essential public services, impacting the overall quality of life for residents.
Average Winkelman Tax Bill
$406
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Winkelman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85192 | $69 | $108 | $406 | $672 | $1,079 |
Source: Ownwell