Sedona, Arizona Property Taxes
The median property tax rate in Sedona, AZ is 0.49%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Sedona at $604,952, the typical annual property tax bill reaches $2,915, surpassing the national median of $2,690. Property taxes in Sedona 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 Sedona'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 Sedona 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
Sedona, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$2,964
Ownwell’s Sedona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedona 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 Sedona, Arizona
Property taxes in Sedona, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedona is 0.49%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Sedona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedona 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 Sedona's effective property tax rate to other areas in Coconino County and the national median. For comparison, the 86336 zip code has the highest median property tax rate of 0.49%, while the 86351 zip code has the lowest median tax rate of 0.41%. Understanding how these areas compare with Sedona 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 Sedona Tax Rate
0.49%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedona, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86336 | 0.36% | 0.43% | 0.49% | 0.56% | 0.72% |
| 86351 | 0.39% | 0.40% | 0.41% | 0.42% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Sedona, Arizona
In Sedona, 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 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 Sedona, 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. Currently, the median home price in Sedona is $604,952. The median tax bill ranges significantly, with the 25th percentile at $1,997 and the 90th percentile reaching $5,233. The highest median tax bill is found in zip code 86336 at $2,915, while the lowest is in zip code 86351 at $2,720. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sedona Assessed Value
$604,952
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 Sedona, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86336 | $161,499 | $396,883 | $604,740 | $800,711 | $1,033,896 |
| 86351 | $623,332 | $637,652 | $661,518 | $685,385 | $699,705 |
Source: Ownwell
Property Tax Bills Across Sedona, Arizona
Property tax bills in Sedona, located in Coconino County, AZ, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this percentage can vary. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. These rates are influenced by various factors, including local government budgets, school funding, and public services. For homeowners in Sedona, the median home price stands at $604,952. Property tax bills can vary significantly, with the 25th percentile at $1,997 and the 75th percentile at $4,018. In some cases, tax bills can reach as high as $5,233, particularly in areas with higher property values. Comparing these figures to the national median property tax rate of 0.99%, Sedona's property tax rates can be seen as relatively moderate. Homeowners need to consider these costs as they directly impact their annual expenses and overall cost of living.
Average Sedona Tax Bill
$2,915
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedona, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86336 | $1,158 | $1,996 | $2,915 | $4,018 | $5,233 |
| 86351 | $2,461 | $2,558 | $2,720 | $2,882 | $2,979 |
Source: Ownwell