Parker, Arizona Property Taxes
The median property tax rate in Parker, AZ is 0.72%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With a median home value of $192,451 in Parker, the typical annual property tax bill amounts to $1,186, falling below the national median of $2,690. Property taxes in Parker are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Parker'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 Parker or another part of La Paz County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Parker, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s Parker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parker 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 Parker, Arizona
Property taxes in Parker, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parker is 0.72%, lower than the U.S. national median of 0.99%. Local government entities within Parker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parker 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 Parker's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85344 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Parker provides valuable insights into the varying tax landscape across La Paz County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Parker Tax Rate
0.72%
Average La Paz County Tax Rate
0.85%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parker, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85344 | 0.43% | 0.57% | 0.72% | 0.84% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Parker, Arizona
In Parker, 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 La Paz 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 Parker, 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. Parker's median home price stands at $192,451, with the highest median tax bill found in zip code 85344 at $1,186. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Parker Assessed Value
$192,451
Average La Paz County Assessed Value
$97,828
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Parker, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85344 | $40,809 | $108,249 | $192,451 | $357,738 | $714,357 |
Source: Ownwell
Property Tax Bills Across Parker, Arizona
In Parker, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the La Paz County Assessor's Office. The assessed value is a percentage of the property's market value, and this value is then multiplied by the property tax rate to determine the annual tax bill. Factors such as property improvements, land value, and local tax rates influence the assessed value. For homeowners in Parker, the median home price is $192,451. Tax bills can vary significantly, with the 25th percentile at $645 and the 75th percentile at $2,380. The highest median tax bill in the area is $1,186, which is relatively lower compared to the national median property tax rate of 0.99%. This means that while property taxes in Parker are influenced by various factors, they tend to be more affordable than in many other parts of the country, providing some financial relief to homeowners.
Average Parker Tax Bill
$1,186
Average La Paz County Tax Bill
$836
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Parker, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85344 | $294 | $645 | $1,186 | $2,380 | $5,402 |
Source: Ownwell