Duncan, Arizona Property Taxes
The median property tax rate in Duncan, AZ is 0.66%, which is lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Duncan at $58,776, the typical annual property tax bill is $380, significantly below the national median of $2,690. Property taxes in Duncan are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Duncan'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 Duncan 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
Duncan, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$388
$360
Ownwell’s Duncan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duncan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duncan 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 Duncan, Arizona
Property taxes in Duncan, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duncan is 0.66%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Duncan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duncan 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 Duncan's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85534 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Duncan 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 Duncan Tax Rate
0.66%
Average Greenlee County Tax Rate
0.57%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duncan, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85534 | 0.42% | 0.56% | 0.66% | 0.78% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Duncan, Arizona
In Duncan, 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 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 Duncan, 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. For instance, the highest median tax bill in Duncan is $380 in the 85534 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Duncan Assessed Value
$58,776
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 Duncan, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85534 | $12,844 | $29,617 | $58,776 | $107,798 | $172,433 |
Source: Ownwell
Property Tax Bills Across Duncan, Arizona
In Duncan, located in Greenlee County, AZ, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Duncan is $58,776. Property tax rates are applied to this assessed value to calculate the annual tax bill. Factors considered include the home's location, size, and any improvements made. For homeowners in Duncan, the 25th percentile tax bill is $186, while the 75th percentile tax bill is $646. At the 90th percentile, homeowners can expect to pay around $1,011. These figures reflect the range of property tax burdens in the area. The highest and lowest median tax bill in the zip code 85534 is $380. Comparatively, the national median property tax rate is 0.99%, making Duncan's rates relatively moderate. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Duncan Tax Bill
$380
Average Greenlee County Tax Bill
$328
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Duncan, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85534 | $74 | $186 | $380 | $646 | $1,011 |
Source: Ownwell