Seligman, Arizona Property Taxes
The median property tax rate in Seligman, AZ is 0.52%, which is significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Seligman at $92,981, the typical annual property tax bill is around $496, much less than the national median of $2,690. Property taxes in Seligman are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Seligman’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Seligman or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seligman, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$484
Ownwell’s Seligman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seligman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seligman 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 Seligman, Arizona
Property taxes in Seligman, Arizona, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Seligman is 0.52%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Seligman set these rates annually, and they can vary across different neighborhoods. Each year, Seligman 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 Seligman's effective property tax rate to other regions and the national median. For comparison, the 86337 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these areas compare with Seligman provides valuable insights into the varying tax landscape across Yavapai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seligman Tax Rate
0.52%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seligman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86337 | 0.36% | 0.43% | 0.52% | 0.67% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Seligman, Arizona
In Seligman, 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 Yavapai 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 Seligman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area, both at $496, are found in the 86337 zip code.
Average Seligman Assessed Value
$92,981
Average Yavapai County Assessed Value
$367,324
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seligman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86337 | $12,833 | $43,015 | $92,981 | $172,691 | $281,365 |
Source: Ownwell
Property Tax Bills Across Seligman, Arizona
In Seligman, Yavapai County, AZ, property tax bills are calculated based on the assessed value of your home, which is derived from the market value. The median home price in Seligman is $92,981. Property tax rates in this area are influenced by the county's budget needs and the total value of all taxable property within the county. Homeowners can expect their annual tax bills to range significantly, with the 25th percentile at $260 and the 75th percentile at $845, reaching up to $1,204 for the 90th percentile. The median tax bill for the zip code 86337 stands at $496. These taxes fund essential local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Seligman offers a relatively moderate tax environment, which can be appealing for homeowners looking for affordability. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Seligman Tax Bill
$496
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Seligman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86337 | $80 | $260 | $496 | $845 | $1,204 |
Source: Ownwell