Goodyear, Arizona Property Taxes
The median property tax rate in Goodyear, AZ is 0.67%, slightly below the national median of 0.99% but higher than the Arizona state median of 0.56%. With the median home value in Goodyear at $344,100, the typical annual property tax bill is $2,334, which is lower than the national median of $2,690. Property taxes in Goodyear 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 Goodyear'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 Goodyear 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
Goodyear, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$2,305
Ownwell’s Goodyear Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goodyear with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goodyear 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 Goodyear, Arizona
Property taxes in Goodyear, Arizona, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodyear is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Goodyear set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goodyear 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. For comparison, the 85395 zip code has the highest median property tax rate of 0.80%, while the 85338 zip code has the lowest median tax rate of 0.60%. Understanding how these areas compare with Goodyear 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 Goodyear Tax Rate
0.67%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goodyear, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85338 | 0.43% | 0.51% | 0.60% | 0.70% | 0.88% |
| 85395 | 0.60% | 0.70% | 0.80% | 0.92% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Goodyear, Arizona
In Goodyear, 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 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 Goodyear, 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. For example, the median tax bill in Goodyear ranges from $1,723 at the 25th percentile to $4,239 at the 90th percentile. The highest median tax bill is found in zip code 85395, at $3,082, while the lowest is in zip code 85338, at $1,954. 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 Goodyear helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goodyear Assessed Value
$344,100
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 Goodyear, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85338 | $253,200 | $285,500 | $323,300 | $378,600 | $446,200 |
| 85395 | $280,700 | $325,600 | $388,050 | $464,000 | $535,500 |
Source: Ownwell
Property Tax Bills Across Goodyear, Arizona
Property tax bills in Goodyear, located in Maricopa County, AZ, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The county assessor determines this assessed value by considering various factors such as the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied. For Goodyear, the median home price is $344,100, and the property tax rate is generally lower than the national median of 0.99%. Homeowners in Goodyear can expect their tax bills to vary significantly depending on their specific property and location within the city. For instance, the 25th percentile tax bill is $1,723, while the 75th percentile tax bill reaches $3,286. The highest median tax bill in the city is found in the 85395 zip code, amounting to $3,082, whereas the lowest is in the 85338 zip code at $1,954. These variations directly impact homeowners' annual expenses, influencing their overall cost of living and financial planning.
Average Goodyear Tax Bill
$2,334
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodyear, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85338 | $1,148 | $1,515 | $1,954 | $2,655 | $3,635 |
| 85395 | $1,950 | $2,410 | $3,082 | $3,877 | $4,788 |
Source: Ownwell