Seligman, Arizona Property Taxes
The median property tax rate in Seligman, AZ is 0.63%, slightly higher than the state median of 0.56% but lower than the national median of 0.99%. With the median home value in Seligman at $70,450, the typical annual property tax bill is $398, which is significantly below the national median of $2,690. Property taxes in Seligman are calculated based on the assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Seligman’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 Seligman 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
Seligman, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$444
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 services such as public schools, road maintenance, and emergency services. The median tax rate in Seligman is 0.63%, which is significantly lower than 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 areas in Coconino County and the national median. For comparison, the zip code 86337 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how Seligman compares with other areas 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 Seligman Tax Rate
0.63%
Average Coconino County Tax Rate
0.54%
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 | 0.49% | 0.54% | 0.63% | 0.72% | 0.77% |
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 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 Seligman, 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. The median home price in Seligman is $70,450, with the highest and lowest median tax bills both being $398 in the 86337 zip code.
Average Seligman Assessed Value
$70,450
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 Seligman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86337 | $49,641 | $57,444 | $70,450 | $83,456 | $91,259 |
Source: Ownwell
Property Tax Bills Across Seligman, Arizona
In Seligman, located in Coconino County, AZ, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Seligman, the median home price is $70,450. Various factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The tax rate in Seligman is a crucial factor. Although it can vary, it is important to note that the national median property tax rate is 0.99%. Homeowners in Seligman can expect their tax bills to fall within a certain range. For instance, the 25th percentile tax bill is $379, while the 75th percentile tax bill is $417. The 90th percentile tax bill can go up to $428. This variation affects homeowners differently, depending on their property's assessed value and any eligible exemptions. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Seligman Tax Bill
$398
Average Coconino County Tax Bill
$1,766
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 | $367 | $379 | $398 | $417 | $428 |
Source: Ownwell