Blue, Arizona Property Taxes
The median property tax rate in BLUE, AZ is 0.34%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in BLUE, the typical annual property tax bill is $614, which is well below the national median of $2,690. Property taxes in BLUE 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 BLUE'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 BLUE or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$588
$545
Ownwell’s BLUE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE 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 Blue, Arizona
Property taxes in BLUE, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in BLUE is 0.34%, significantly lower than the U.S. national median of 0.99%. Local government entities within BLUE set these rates annually, and they can vary significantly across different neighborhoods. Each year, BLUE 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 BLUE's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in the region is found in ZIP code 85003, with a rate of 1.22%, while ZIP code 85701 has the lowest median tax rate of 0.45%. Understanding how these cities compare with BLUE provides valuable insights into the varying tax landscape across Greenlee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Tax Rate
0.34%
Average Greenlee County Tax Rate
0.57%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85922 | 0.23% | 0.28% | 0.34% | 0.42% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Blue, Arizona
In Blue, 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 Greenlee 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 Blue, 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 Blue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 85922 has the highest and lowest median tax bill of $614.
Average Blue Assessed Value
$172,805
Average Greenlee County Assessed Value
$55,617
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85922 | $48,588 | $103,559 | $172,805 | $389,193 | $1,051,638 |
Source: Ownwell
Property Tax Bills Across Blue, Arizona
In Blue, located in Greenlee County, AZ, property tax bills are calculated based on the assessed value of a home. The median home price in Blue is $172,805. Property taxes are determined by multiplying the assessed value by the local tax rate. The national median property tax rate is 0.99%, but local rates can vary. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Blue can expect a wide range of property tax bills. The 25th percentile tax bill is $286, while the 75th percentile tax bill reaches $1,220, and the 90th percentile tax bill can be as high as $4,413. The highest and lowest median tax bill in the area is $614, specifically in the zip code 85922. These variations significantly impact homeowners, as higher property taxes can increase the overall cost of homeownership, while lower taxes may make properties more affordable. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Blue Tax Bill
$614
Average Greenlee County Tax Bill
$328
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85922 | $101 | $286 | $614 | $1,220 | $4,413 |
Source: Ownwell