Pima, Arizona Property Taxes
The median property tax rate in PIMA, AZ is 0.55%, which is notably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in PIMA at $129,626, the typical annual property tax bill is $691, significantly below the national median of $2,690. Property taxes in PIMA are based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding PIMA'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 PIMA 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
Pima, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$713
Ownwell’s Pima Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pima with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pima 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 Pima, Arizona
Property taxes in Pima, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pima is 0.55%, lower than the U.S. national median of 0.99%. Local government entities within Pima set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pima 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 Pima's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85543 has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Pima provides valuable insights into the varying tax landscape across Graham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pima Tax Rate
0.55%
Average Graham County Tax Rate
0.57%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pima, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85543 | 0.35% | 0.47% | 0.55% | 0.65% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Pima, Arizona
In PIMA, 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 local appraisal district 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 PIMA, 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 PIMA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in PIMA is $691 in the 85543 zip code, while the lowest median tax bill is also $691 in the same zip code. The 25th percentile tax bill is $287, the 75th percentile tax bill is $1300, and the 90th percentile tax bill is $1837.
Average Pima Assessed Value
$129,626
Average Graham County Assessed Value
$149,866
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pima, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85543 | $22,773 | $50,347 | $129,626 | $233,605 | $316,660 |
Source: Ownwell
Property Tax Bills Across Pima, Arizona
In Pima, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this calculation, including property location, home size, and any applicable exemptions or deductions. For instance, the median home price in Pima is $129,626, which helps set the baseline for tax assessments. Homeowners in Pima can expect varying tax bills depending on their property's assessed value. At the lower end, the 25th percentile tax bill is around $287, while the 75th percentile sees bills near $1,300. The top 10% of property tax bills can reach up to $1,837. Comparatively, the national median property tax rate is 0.99%, making Pima's rates relatively moderate. Understanding these factors is crucial for homeowners as property taxes significantly impact annual housing costs. Properly managing these expenses ensures financial stability and helps in long-term budgeting.
Average Pima Tax Bill
$691
Average Graham County Tax Bill
$834
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Pima, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85543 | $114 | $287 | $691 | $1,300 | $1,837 |
Source: Ownwell