Payson, Gila County, Arizona Property Taxes
Median Payson, AZ effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the Arizona state median of 0.56%.
Median Payson, AZ home value: $220,439
Median annual Payson, AZ tax bill: $1,885, $515 lower than the national median property tax bill of $2,400.
How are property taxes in Gila County calculated?
Property taxes in Payson, AZ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Payson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Payson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Payson, Gila County, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,918
$1,780
Property Tax Rates Across Payson, Gila County, Arizona
Local government entities determine property tax rates, which can vary significantly within a state. This variability arises because each county annually estimates its budget needs to provide essential services and then divides that by the total value of all taxable properties within its jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how it works each year.
In Payson, located in Gila County, Arizona, the effective property tax rate is an important metric for homeowners to consider. Comparing Payson's rate to other cities in Arizona and the national median can provide valuable insights. Arizona's median property tax rate is often lower than the national median of 1.02%, making it an attractive option for those seeking lower property taxes. Understanding these dynamics can help homeowners make informed decisions about property ownership and tax obligations in Payson and beyond.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Payson Tax Rate
0.87%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Gila County Tax Rate
0.98%
Median Effective Arizona Tax Rate
0.56%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Payson, Gila County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85541 | 0.60% | 0.71% | 0.87% | 1.09% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Payson, Gila County, Arizona
When examining property taxes in Payson, Arizona, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Gila County Assessor’s Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Gila County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Payson.
For example, the median home price in Payson is $220,439, with tax bills ranging significantly across the county. The 85541 zip code has the highest median home price at $220,439.
Property Tax Assessment Values Across Payson, Gila County, Arizona
Source: Ownwell
$31,529
$125,984
$220,439
Median Payson Market Value
$220,439
Median Gila County Market Value
$124,196
Median Arizona Market Value
$302,154
Median United States Market Value
$235,294
Property Tax Assessment Values Across Payson, Gila County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85541 | $68,660 | $120,547 | $220,439 | $344,332 | $543,434 |
Source: Ownwell
Property Tax Bills Across Payson, Gila County, Arizona
In Payson, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The Gila County Assessor's Office determines this assessed value by considering factors such as location, size, and condition of the property. The median home price in Payson is $220,439, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Payson experience a median property tax bill of $1,885, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $1,139 or as much as $4,591, depending on their property's specific characteristics.
Ownwell can help homeowners in Payson reduce their property tax bills by identifying potential savings through tax appeals and exemptions. By analyzing a property's assessed value and comparing it with similar properties, Ownwell can ensure homeowners are not overpaying on their taxes, ultimately leading to significant savings.
Median Payson Tax Bill
$1,885
Median Gila County Tax Bill
$1,221
Median Arizona Tax Bill
$1,666
Median United States Tax Bill
$2,400
Property Tax Bills Across Payson, Gila County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85541 | $673 | $1,139 | $1,885 | $2,860 | $4,591 |
Source: Ownwell