Tonopah, Arizona Property Taxes
The median property tax rate in Tonopah, AZ is 0.44%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Tonopah at $120,700, the typical annual property tax bill is $585, far below the national median of $2,690. Property taxes in Tonopah are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tonopah'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 Tonopah 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
Tonopah, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$531
Ownwell’s Tonopah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tonopah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tonopah 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 Tonopah, Arizona
Property taxes in Tonopah, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tonopah is 0.44%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Tonopah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tonopah 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 Tonopah's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85354 zip code has the highest median property tax rate of 0.44%, while the same 85354 zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Tonopah 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 Tonopah Tax Rate
0.44%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tonopah, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85354 | 0.22% | 0.30% | 0.44% | 0.63% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Tonopah, Arizona
In Tonopah, 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 Tonopah, 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. The median home price in Tonopah is $120,700, with property tax bills ranging from $378 at the 25th percentile to $1,199 at the 90th percentile. The highest and lowest median tax bills both stand at $585 in zip code 85354. Being aware of these valuation processes in Tonopah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tonopah Assessed Value
$120,700
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 Tonopah, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85354 | $59,330 | $81,275 | $120,700 | $230,700 | $296,440 |
Source: Ownwell
Property Tax Bills Across Tonopah, Arizona
In Tonopah, Maricopa County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property characteristics, local tax rates, and any applicable exemptions. For homeowners in Tonopah, understanding these factors is crucial. The median home price in the area is $120,700, and property tax bills can vary significantly. At the 25th percentile, the tax bill is approximately $378, while at the 75th percentile, it rises to around $829. The highest tax bills, at the 90th percentile, can reach up to $1,199. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to be aware of their local rates and assessed values. This awareness can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Tonopah Tax Bill
$585
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Tonopah, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85354 | $217 | $378 | $585 | $829 | $1,199 |
Source: Ownwell