Tubac, Arizona Property Taxes
The median property tax rate in Tubac, AZ is 1.09%, considerably higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Tubac at $341,136, the typical annual property tax bill reaches $3,646, exceeding the national median of $2,690. Property taxes in Tubac 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 Tubac'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 Tubac 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
Tubac, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$3,718
Ownwell’s Tubac Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tubac with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tubac to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Tubac, Arizona
Property taxes in Tubac, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tubac is 0.81%, which is lower than both the Arizona state median of 0.72% and the U.S. national median of 0.99%. Local government entities within Tubac set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tubac 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 Tubac's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85646 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these figures compare with Tubac provides valuable insights into the varying tax landscape across Santa Cruz County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tubac Tax Rate
1.09%
Average Santa Cruz County Tax Rate
0.85%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tubac, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85646 | 0.95% | 1.00% | 1.09% | 1.15% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Tubac, Arizona
In Tubac, 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 Santa Cruz 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 Tubac, 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 Tubac helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3646, found in the 85646 zip code.
Average Tubac Assessed Value
$341,136
Average Santa Cruz County Assessed Value
$140,525
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tubac, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85646 | $122,504 | $244,140 | $341,136 | $470,576 | $587,515 |
Source: Ownwell
Property Tax Bills Across Tubac, Arizona
In Tubac, Santa Cruz County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this value, taking into account factors such as the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Tubac, this means that properties with higher market values will result in higher tax bills. For instance, with a median home price of $341,136, the property tax bill can range significantly. The 25th percentile tax bill stands at $2,592, while the 75th percentile reaches $5,039, and the 90th percentile climbs to $6,690. This variability in tax bills reflects the diverse property values within the area. Compared to the national median property tax rate of 0.99%, Tubac's tax rates can be considered relatively moderate, but they still represent a significant financial consideration for homeowners.
Average Tubac Tax Bill
$3,646
Average Santa Cruz County Tax Bill
$1,184
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tubac, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85646 | $1,538 | $2,592 | $3,646 | $5,039 | $6,690 |
Source: Ownwell