Anthem, Arizona Property Taxes
The median property tax rate in Anthem, AZ is 0.73%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With the median home value in Anthem at $398,600, the typical annual property tax bill amounts to $2,880, surpassing the national median of $2,690. Property taxes in Anthem are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anthem'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 Anthem 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
Anthem, 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 Anthem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anthem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anthem 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 Anthem, Arizona
Property taxes in Anthem, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anthem is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Anthem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anthem 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 Anthem's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85086 has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Anthem provides valuable insights into the varying tax landscape across Maricopa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anthem Tax Rate
0.73%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anthem, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85086 | 0.64% | 0.68% | 0.73% | 0.80% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Anthem, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Anthem, Arizona. 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 Maricopa County Assessor 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 Anthem, 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 Anthem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 85086 has both the highest and lowest median tax bill, each at $2,880, with tax bills ranging from $2,367 at the 25th percentile to $5,207 at the 90th percentile.
Average Anthem Assessed Value
$398,600
Average Maricopa County Assessed Value
$328,300
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anthem, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85086 | $299,200 | $338,800 | $398,600 | $479,100 | $627,260 |
Source: Ownwell
Property Tax Bills Across Anthem, Arizona
Property tax bills in Anthem, located in Maricopa County, AZ, are determined by a combination of factors, including the assessed value of the property and the applicable tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. For example, if the median home price in Anthem is $398,600, the assessed value would be a fraction of this amount, depending on local assessment ratios. The tax rate is applied to the assessed value to calculate the annual tax bill. In Anthem, property tax bills can vary significantly. The 25th percentile tax bill is approximately $2,367, while the 75th percentile tax bill can reach up to $3,706. For those at the higher end, the 90th percentile sees tax bills around $5,207. Homeowners in Anthem should be aware that their property tax bills can fluctuate based on changes in the assessed value and tax rates, impacting their overall financial planning.
Average Anthem Tax Bill
$2,880
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Anthem, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85086 | $2,004 | $2,367 | $2,880 | $3,706 | $5,207 |
Source: Ownwell