Wickenburg, Arizona Property Taxes
The median property tax rate in Wickenburg, AZ is 0.38%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Wickenburg at $288,600, the typical annual property tax bill amounts to $1,115, well below the national median of $2,690. Property taxes in Wickenburg are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wickenburg'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 Wickenburg 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
Wickenburg, 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 Wickenburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wickenburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wickenburg 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 Wickenburg, Arizona
Property taxes in Wickenburg, Arizona, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Wickenburg is 0.38%, which is lower than both the Arizona state median of 0.66% and the U.S. national median of 0.99%. Local government entities within Wickenburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wickenburg 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 Wickenburg's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85003 zip code has the highest median property tax rate of 1.18%, while the 85643 zip code has the lowest median tax rate of 0.42%. Understanding how these cities compare with Wickenburg 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 Wickenburg Tax Rate
0.38%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wickenburg, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85390 | 0.27% | 0.32% | 0.38% | 0.45% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Wickenburg, Arizona
In Wickenburg, 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 Wickenburg, 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 Wickenburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price here is $288,600, with median tax bills ranging from $596 to $2,506, depending on the property's assessed value. The zip code 85390 has both the highest and lowest median tax bill of $1,115.
Average Wickenburg Assessed Value
$288,600
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 Wickenburg, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85390 | $113,000 | $188,500 | $288,600 | $419,600 | $556,420 |
Source: Ownwell
Property Tax Bills Across Wickenburg, Arizona
In Wickenburg, Maricopa County, AZ, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property and applies an assessment ratio. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. In Wickenburg, the median home price stands at $288,600. Homeowners in the 25th percentile can expect a tax bill around $596, while those in the 75th percentile might see bills as high as $1,801. For the 90th percentile, tax bills can reach up to $2,506. Comparatively, the highest median tax bill recorded in the area is $1,115, which aligns with the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Wickenburg Tax Bill
$1,115
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Wickenburg, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85390 | $369 | $596 | $1,115 | $1,801 | $2,506 |
Source: Ownwell