Laveen, Arizona Property Taxes
The median property tax rate in Laveen, AZ is 0.76%, 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 Laveen at $313,300, the typical annual property tax bill amounts to $2,397, slightly below the national median of $2,690. Property taxes in Laveen are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Familiarizing yourself with Laveen'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 Laveen or another part of Maricopa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laveen, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$2,381
Ownwell’s Laveen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laveen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laveen 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 Laveen, Arizona
Property taxes in Laveen, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laveen is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Laveen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laveen 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 Laveen's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85339 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Laveen 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 Laveen Tax Rate
0.76%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laveen, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85339 | 0.62% | 0.68% | 0.76% | 0.85% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Laveen, Arizona
In Laveen, 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 Laveen, 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 Laveen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Laveen is $2,397 in zip code 85339.
Average Laveen Assessed Value
$313,300
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 Laveen, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85339 | $259,600 | $280,100 | $313,300 | $360,500 | $434,300 |
Source: Ownwell
Property Tax Bills Across Laveen, Arizona
In Laveen, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Laveen is $313,300. Local tax authorities determine the assessed value, which is then multiplied by the tax rate to calculate the annual tax bill. Factors such as property location, improvements, and market trends can influence the assessed value. Homeowners in Laveen can expect tax bills to vary significantly. For example, the tax bill at the 25th percentile is around $1,956, while at the 75th percentile, it reaches approximately $2,983. The 90th percentile tax bill can be as high as $3,692, reflecting the variability in property values and assessments. Comparatively, Laveen's median property tax bill of $2,397 is higher than the national median property tax rate of 0.99%, impacting homeowners by necessitating careful financial planning. Understanding these factors can help homeowners anticipate their tax obligations and manage their budgets effectively.
Average Laveen Tax Bill
$2,397
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Laveen, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85339 | $1,696 | $1,956 | $2,397 | $2,983 | $3,692 |
Source: Ownwell