Surprise, Arizona Property Taxes
The median property tax rate in Surprise, AZ is 0.51%, which is notably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $309,000 in Surprise, the typical annual property tax bill amounts to $1,603, well below the national median of $2,690. Property taxes in Surprise are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Surprise'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 Surprise 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
Surprise, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,576
Ownwell’s Surprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Surprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Surprise 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 Surprise, Arizona
Property taxes in Surprise, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Surprise is 0.51%, which is lower than both the Arizona state median of 0.62% and the U.S. national median of 0.99%. Local government entities within Surprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Surprise 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 Surprise's effective property tax rate to other areas in Maricopa County and the national median. For comparison, the 85374 zip code has the highest median property tax rate of 0.63%, while the 85379 zip code has the lowest median tax rate of 0.47%. Understanding how these areas compare with Surprise 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 Surprise Tax Rate
0.51%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Surprise, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85374 | 0.40% | 0.46% | 0.63% | 0.74% | 0.84% |
| 85378 | 0.20% | 0.34% | 0.49% | 0.55% | 0.64% |
| 85379 | 0.39% | 0.43% | 0.47% | 0.54% | 0.62% |
| 85387 | 0.45% | 0.48% | 0.54% | 0.69% | 0.79% |
| 85388 | 0.42% | 0.46% | 0.50% | 0.55% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Surprise, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Surprise, Arizona. 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. Assessment notices in Surprise 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 Surprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Surprise, the highest median tax bill is $1,780 in the 85387 zip code, while the lowest median tax bill is $1,192 in the 85378 zip code.
Average Surprise Assessed Value
$309,000
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 Surprise, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85374 | $144,750 | $243,200 | $283,500 | $338,600 | $395,100 |
| 85378 | $87,800 | $196,200 | $247,700 | $284,700 | $308,120 |
| 85379 | $257,300 | $282,700 | $323,200 | $375,300 | $428,630 |
| 85387 | $226,770 | $279,100 | $329,300 | $394,175 | $481,790 |
| 85388 | $268,200 | $294,600 | $333,100 | $387,000 | $449,300 |
Source: Ownwell
Property Tax Bills Across Surprise, Arizona
In Surprise, 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. This assessed value is typically a percentage of the property's market value. For instance, with a median home price of $309,000 in Surprise, homeowners can expect their tax bill to vary significantly. Factors such as property size, location, and improvements are considered in determining the assessed value. The tax rate in Surprise is influenced by local government budgets and voter-approved measures. Homeowners in the area might see tax bills ranging from $1,236 at the 25th percentile to $2,679 at the 90th percentile, reflecting the variability in property values and tax rates. Comparing this to the national median property tax rate of 0.99%, Surprise homeowners generally experience lower property taxes. However, variations within the city exist, with the highest median tax bill in ZIP code 85387 at $1,780 and the lowest in ZIP code 85378 at $1,192.
Average Surprise Tax Bill
$1,603
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Surprise, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85374 | $828 | $1,103 | $1,509 | $2,194 | $2,946 |
| 85378 | $295 | $441 | $1,192 | $1,502 | $1,812 |
| 85379 | $1,038 | $1,241 | $1,560 | $2,007 | $2,487 |
| 85387 | $1,126 | $1,463 | $1,780 | $2,306 | $3,075 |
| 85388 | $1,173 | $1,394 | $1,673 | $2,037 | $2,410 |
Source: Ownwell