Youngtown, Arizona Property Taxes
The median property tax rate in Youngtown, AZ is 0.39%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Youngtown at $219,050, the typical annual property tax bill is $799, which is well below the national median of $2,690. Property taxes in Youngtown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Youngtown'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 Youngtown or another part of Maricopa County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Youngtown, 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 Youngtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngtown 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 Youngtown, Arizona
Property taxes in Youngtown, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngtown is 0.39%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Youngtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngtown 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 Youngtown's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in Maricopa County is found in zip code 85003, with a rate of 1.15%, while the lowest median tax rate is in zip code 85254, at 0.32%. Understanding how these cities compare with Youngtown 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 Youngtown Tax Rate
0.39%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngtown, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85363 | 0.29% | 0.32% | 0.39% | 0.62% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Youngtown, Arizona
In Youngtown, 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 Youngtown, 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 Youngtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Youngtown, the zip code with the highest median tax bill is 85363, with a median bill of $799, which is also the lowest median tax bill for the area.
Average Youngtown Assessed Value
$219,050
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 Youngtown, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85363 | $172,800 | $190,100 | $219,050 | $264,075 | $284,700 |
Source: Ownwell
Property Tax Bills Across Youngtown, Arizona
Property tax bills in Youngtown, AZ, located in Maricopa County, are calculated based on the assessed value of a property, which is derived from the market value. The median home price in Youngtown is $219,050. The county's property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Youngtown can expect tax bills ranging from the 25th percentile at $583 to the 90th percentile at $1,911. The median tax bill in the area is $799, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable and attractive in Youngtown, especially when compared to other regions. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Youngtown Tax Bill
$799
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngtown, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85363 | $512 | $583 | $799 | $1,629 | $1,911 |
Source: Ownwell