Show Low, Arizona Property Taxes
The median property tax rate in Show Low, AZ is 0.73%, 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 $100,016 in Show Low, the typical annual property tax bill amounts to $727, significantly below the national median of $2,690. Property taxes in Show Low 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 land. Understanding Show Low'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 Show Low or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Show Low, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$730
$678
Ownwell’s SHOW LOW Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SHOW LOW with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHOW LOW 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 Show Low, Arizona
Property taxes in Show Low, Arizona, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Show Low is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Show Low set these rates annually, and they can vary significantly across different neighborhoods. Each year, Show Low 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 Show Low's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85901 zip code has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Show Low 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 Show Low Tax Rate
0.73%
Average Apache County Tax Rate
0.45%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Show Low, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85901 | 0.49% | 0.61% | 0.73% | 0.82% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Show Low, Arizona
In Show Low, 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 Show Low, 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 Show Low helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Show Low is $727, with zip code 85901 having both the highest and lowest median tax bills.
Average Show Low Assessed Value
$100,016
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 Show Low, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85901 | $20,224 | $63,848 | $100,016 | $158,120 | $294,080 |
Source: Ownwell
Property Tax Bills Across Show Low, Arizona
In Show Low, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $100,016, the property tax bill typically ranges from $459 at the 25th percentile to $1,064 at the 75th percentile. The highest median tax bill in the area is $727, found in the 85901 zip code, which is consistent with the lowest median tax bill, indicating a stable tax rate within this region. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Show Low may find their tax bills significantly lower than the national median property tax rate of 0.99%, providing some financial relief. These taxes fund essential public services such as education, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these elements interplay helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Show Low Tax Bill
$727
Average Apache County Tax Bill
$448
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Show Low, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85901 | $175 | $459 | $727 | $1,064 | $1,742 |
Source: Ownwell