El Mirage, Arizona Property Taxes
The median property tax rate in El Mirage, AZ is 0.38%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $252,800 in El Mirage, the typical annual property tax bill is $926, well below the national median of $2,690. Property taxes in El Mirage 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 El Mirage'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 El Mirage 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
El Mirage, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$961
Ownwell’s El Mirage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Mirage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Mirage 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 El Mirage, Arizona
Property taxes in El Mirage, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Mirage is 0.38%, significantly lower than both the Arizona state median of 0.72% and the U.S. national median of 0.99%. Local government entities within El Mirage set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Mirage 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 El Mirage'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 1.2%, while the lowest median tax rate is 0.38%. Understanding how these cities compare with El Mirage 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 El Mirage Tax Rate
0.38%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Mirage, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85335 | 0.31% | 0.34% | 0.38% | 0.43% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across El Mirage, Arizona
In El Mirage, 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 Maricopa 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 El Mirage, 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. Homeowners in El Mirage should note that the median home price is $252,800, with the 25th percentile tax bill at $722 and the 75th percentile at $1,094. The highest and lowest median tax bills are both $926 in the 85335 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average El Mirage Assessed Value
$252,800
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 El Mirage, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85335 | $29,020 | $228,600 | $252,800 | $274,700 | $299,460 |
Source: Ownwell
Property Tax Bills Across El Mirage, Arizona
In El Mirage, AZ, property tax bills are calculated based on the assessed value of the property, which is determined by the Maricopa County Assessor's Office. The assessed value is a percentage of the property's market value, and this percentage is applied uniformly across the county. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rates set by local taxing authorities. For homeowners in El Mirage, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $722, while the 75th percentile tax bill is approximately $1,094. At the 90th percentile, the tax bill can reach up to $1,324. These property tax bills directly impact homeowners by contributing to the cost of owning a home in El Mirage. Although the median property tax rate in the area is relatively low compared to the national median of 0.99%, it is essential for homeowners to budget for these expenses.
Average El Mirage Tax Bill
$926
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across El Mirage, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85335 | $150 | $722 | $926 | $1,094 | $1,324 |
Source: Ownwell