Concho, Arizona Property Taxes
The median property tax rate in Concho, AZ is 0.62%, slightly higher than the state median of 0.56% but still below the national median of 0.99%. With the median home value in Concho at $47,190, the typical annual property tax bill is $277, significantly lower than the national median of $2,690. Property taxes in Concho are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Concho'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 Concho 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
Concho, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$293
Ownwell’s Concho Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concho with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concho 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 Concho, Arizona
Property taxes in Concho, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concho is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Concho set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concho 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 Concho's effective property tax rate to other areas in Apache County and the national median. For comparison, the zip code 85924 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Concho provides valuable insights into the varying tax landscape across Apache County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Concho Tax Rate
0.62%
Average Apache County Tax Rate
0.45%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concho, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85924 | 0.36% | 0.47% | 0.62% | 0.77% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Concho, Arizona
In Concho, 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 Apache 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 Concho, 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 Concho helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 85924, with a median tax bill of $277.
Average Concho Assessed Value
$47,190
Average Apache County Assessed Value
$114,458
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Concho, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85924 | $4,680 | $18,030 | $47,190 | $101,954 | $167,549 |
Source: Ownwell
Property Tax Bills Across Concho, Arizona
In Concho, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value typically represents a percentage of the property's market value. Various factors such as location, property type, and any improvements made to the property can influence this assessed value. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For homeowners in Concho, the tax bills can vary significantly. For instance, the 25th percentile tax bill is around $116, while the 75th percentile reaches $565. At the higher end, the 90th percentile tax bill can be as much as $850. These property tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Concho Tax Bill
$277
Average Apache County Tax Bill
$448
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Concho, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85924 | $36 | $116 | $277 | $565 | $850 |
Source: Ownwell