Cave Creek, Maricopa County, Arizona Property Taxes

Name: Property Tax Bills Across Cave Creek, Maricopa County, Arizona
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cave Creek, AZ effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Arizona state median of 0.56%.
Median Cave Creek, AZ home value: $558,700
Median annual Cave Creek, AZ tax bill: $2,147, $253 lower than the national median property tax bill of $2,400.

How are property taxes in Maricopa County calculated?

Property taxes in Cave Creek, AZ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cave Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cave Creek, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cave Creek, Maricopa County, Arizona Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$2,235

$2,074

Ownwell’s Cave Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cave Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Cave Creek’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Maricopa County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cave Creek, Maricopa County, Arizona

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Cave Creek, located in Maricopa County, the effective property tax rate is significantly lower than the national median of 1.02%. This makes it an attractive location for homeowners seeking lower property tax rates. The median property tax rate in Arizona is also below the national average, which contributes to the state's appeal for property owners. When compared to other cities in Arizona, Cave Creek stands out for its favorable tax environment.

This can be especially beneficial for those looking to maximize their property investment returns. With lower property tax rates, residents can potentially enjoy more disposable income or invest in other areas of their property. As property values continue to rise, understanding these tax dynamics becomes crucial for homeowners and investors alike.

Property Tax Rates Across Cave Creek, Maricopa County, Arizona

Source: Ownwell

0.30%

0.61%

0.91%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cave Creek Tax Rate

0.40%

Median Effective Maricopa County Tax Rate

0.52%

Median Effective Arizona Tax Rate

0.56%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cave Creek, Maricopa County, Arizona

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
85331	0.26%	0.31%	0.40%	0.44%	0.49%
95331	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cave Creek, Maricopa County, Arizona

When examining property taxes in Cave Creek, AZ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Maricopa County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Maricopa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cave Creek. For example, the median home price in Cave Creek is $558,700, with tax bills ranging significantly across the county. Zip code 85331 has the highest median home price at $558,700.

Property Tax Assessment Values Across Cave Creek, Maricopa County, Arizona

Source: Ownwell

$57,600

$855,800

$1,654,000

Median Cave Creek Market Value

$558,700

Median Maricopa County Market Value

$328,300

Median Arizona Market Value

$302,154

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cave Creek, Maricopa County, Arizona

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
85331	$347,300	$435,100	$558,700	$735,800	$960,700
95331	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cave Creek, Maricopa County, Arizona

In Cave Creek, property tax bills are calculated based on the assessed value of a home, which is determined by the Maricopa County Assessor's Office. This assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Cave Creek, the median property tax bill is $2,147, which is below the national median of $2,400. However, tax bills can vary significantly, with amounts ranging from $1,623 at the 25th percentile to $3,450 at the 90th percentile. Homeowners in this area may find their tax bills influenced by changes in property values or local tax rates. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and ensuring they are accurate, Ownwell can help homeowners challenge over-assessments and reduce their tax burden, ultimately leading to significant savings on their property tax bills.

Property Tax Bills Across Cave Creek, Maricopa County, Arizona

Source: Ownwell

$264

$3,639

$7,013

Median Cave Creek Tax Bill

$2,147

Median Maricopa County Tax Bill

$1,766

Median Arizona Tax Bill

$1,666

Median United States Tax Bill

$2,400

Property Tax Bills Across Cave Creek, Maricopa County, Arizona

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
85331	$1,214	$1,623	$2,147	$2,764	$3,450
95331	N/A	N/A	N/A	N/A	N/A

Source: Ownwell