Leupp, Arizona Property Taxes
The median property tax rate in Leupp, AZ is 0.61%, slightly higher than the Arizona state median of 0.56% but below the national median of 0.99%. With a median home value of $7,008, the typical annual property tax bill in Leupp amounts to $98, significantly lower than the national median of $2,690. Property taxes in Leupp are calculated based on the tax assessed value, often below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Leupp'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 Leupp or another part of Coconino County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leupp, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$43
Ownwell’s Leupp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leupp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leupp 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 Leupp, Arizona
Property taxes in Leupp, Arizona, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Leupp is 0.61%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Leupp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leupp 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 Leupp's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 86035 has the same median property tax rate of 0.61%. Understanding how these areas compare with Leupp provides valuable insights into the varying tax landscape across Coconino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leupp Tax Rate
0.61%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leupp, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86035 | 0.44% | 0.50% | 0.61% | 3.11% | 4.62% |
Source: Ownwell
Property Tax Assessment Values Across Leupp, Arizona
In Leupp, 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 Coconino County Assessor's Office 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 Leupp, 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. For example, homeowners in the 25th percentile can expect a tax bill of around $42, while those in the 75th percentile might see a bill closer to $158. 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 Leupp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Leupp Assessed Value
$7,008
Average Coconino County Assessed Value
$335,366
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leupp, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86035 | $4,909 | $5,527 | $7,008 | $13,917 | $32,215 |
Source: Ownwell
Property Tax Bills Across Leupp, Arizona
In Leupp, located in Coconino County, AZ, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value. For homeowners in Leupp, the median home price is $7,008. Property tax rates in this region are influenced by local government budgets and the funding requirements for public services such as schools, infrastructure, and emergency services. Homeowners in Leupp can expect varying tax bills depending on their property values. At the 25th percentile, tax bills are around $42, while at the 75th percentile, they rise to approximately $158. Those at the 90th percentile see tax bills reaching up to $340. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Leupp's property tax rates can be relatively low, providing some relief for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Leupp Tax Bill
$98
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Leupp, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86035 | $36 | $42 | $98 | $158 | $340 |
Source: Ownwell