Fountain Hills, Arizona Property Taxes
The median property tax rate in Fountain Hills, AZ is 0.40%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $462,700 in Fountain Hills, the typical annual property tax bill amounts to $1,841, which is well below the national median of $2,690. Property taxes in Fountain Hills are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fountain Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fountain Hills 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
Fountain Hills, 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 Fountain Hills Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fountain Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain Hills 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 Maricopa County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fountain Hills, Arizona
Property taxes in Fountain Hills, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain Hills is 0.40%, notably lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Fountain Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain Hills 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 Fountain Hills' effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85268 has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Fountain Hills 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 Fountain Hills Tax Rate
0.40%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountain Hills, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85268 | 0.32% | 0.36% | 0.40% | 0.44% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Fountain Hills, Arizona
In Fountain Hills, 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 Fountain Hills, 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 Fountain Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fountain Hills is $462,700, with the median tax bill ranging from $1,171 at the 25th percentile to $3,914 at the 90th percentile. The zip code 85268 has the highest and lowest median tax bill, both at $1,841.
Property Tax Assessment Values Across Fountain Hills, Arizona
Source: Ownwell
$57,600
$858,850
$1,660,100
Average Fountain Hills Assessed Value
$462,700
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 Fountain Hills, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85268 | $206,200 | $315,850 | $462,700 | $623,600 | $932,700 |
Source: Ownwell
Property Tax Bills Across Fountain Hills, Arizona
In Fountain Hills, located in Maricopa County, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Factors such as the property's location, size, and condition are considered in this assessment. Homeowners in Fountain Hills typically see a range of property tax bills. For instance, the 25th percentile tax bill is approximately $1,171, while the 75th percentile reaches up to $2,619. At the higher end, the 90th percentile tax bill can be as much as $3,914. These figures highlight the variability in tax bills depending on the assessed value and specific characteristics of each property. Compared to the national median property tax rate of 0.99%, Fountain Hills homeowners may find their tax bills to be relatively moderate. However, the exact impact on individual homeowners varies, influencing their overall financial planning and housing affordability.
Average Fountain Hills Tax Bill
$1,841
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountain Hills, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85268 | $802 | $1,171 | $1,841 | $2,619 | $3,914 |
Source: Ownwell