Tumacacori, Arizona Property Taxes
The median property tax rate in Tumacacori, AZ is 1.03%, slightly above the national median of 0.99% and significantly higher than the Arizona state median of 0.56%. With a median home value of $105,620 in Tumacacori, the typical annual property tax bill amounts to $1,136, which is below the national median of $2,690. Property taxes in Tumacacori are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tumacacori'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 Tumacacori 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
Tumacacori, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s Tumacacori Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tumacacori with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tumacacori 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 Tumacacori, Arizona
Property taxes in Tumacacori, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tumacacori is 1.03%, higher than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Tumacacori set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tumacacori 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 Tumacacori's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85640 zip code has the highest median property tax rate of 1.03%, while the 85640 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Tumacacori 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 Tumacacori Tax Rate
1.03%
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 Tumacacori, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85640 | 0.73% | 0.86% | 1.03% | 1.15% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Tumacacori, Arizona
In Tumacacori, 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. 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 Tumacacori helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Tumacacori, the median home price is $105,620, with the highest median tax bill in zip code 85640 at $1,136.
Average Tumacacori Assessed Value
$105,620
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 Tumacacori, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85640 | $30,322 | $57,840 | $105,620 | $193,667 | $321,070 |
Source: Ownwell
Property Tax Bills Across Tumacacori, Arizona
In Tumacacori, located in Santa Cruz County, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Tumacacori experience property tax bills that vary significantly, with the 25th percentile tax bill at $644 and the 75th percentile tax bill at $2,122. The 90th percentile tax bill reaches up to $3,102, reflecting the range of home values in the area. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Tumacacori is $105,620, which helps contextualize these tax amounts. The highest median tax bill in the area is $1,136, found in the 85640 zip code. Compared to the national median property tax rate of 0.99%, Tumacacori homeowners may find their tax rates to be relatively moderate, affecting their overall financial planning and housing affordability.
Average Tumacacori Tax Bill
$1,136
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 Tumacacori, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85640 | $371 | $644 | $1,136 | $2,122 | $3,102 |
Source: Ownwell