Clay Springs, Arizona Property Taxes
The median property tax rate in Clay Springs, 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 Clay Springs at $139,144, the typical annual property tax bill is $526, well below the national median of $2,690. Property taxes in Clay Springs are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Clay Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clay Springs or another part of Navajo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clay Springs, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$529
$491
Ownwell’s Clay Springs Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clay Springs with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Clay Springs to provide an accurate estimate of your property tax bill. This tool offers valuable insights into your potential tax liabilities, making it easier to plan financially. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by Navajo County, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Clay Springs, Arizona
Property taxes in Clay Springs, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clay Springs is 0.38%, significantly lower than both the Arizona state median of 0.62% and the U.S. national median of 0.99%. Local government entities within Clay Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clay Springs 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 Clay Springs' effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in Arizona is 1.09%, while the lowest median tax rate is 0.31%. Understanding how these cities compare with Clay Springs provides valuable insights into the varying tax landscape across Navajo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clay Springs Tax Rate
0.38%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clay Springs, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85923 | 0.28% | 0.32% | 0.38% | 0.44% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Clay Springs, Arizona
In Clay Springs, 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 Navajo 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 Clay Springs, 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. For example, the median home price in Clay Springs is $139,144, with tax bills ranging from $309 at the 25th percentile to $1,123 at the 90th percentile. The highest and lowest median tax bills both reside in the 85923 zip code, at $526. 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 Clay Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clay Springs Assessed Value
$139,144
Average Navajo County Assessed Value
$216,485
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clay Springs, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85923 | $28,383 | $73,145 | $139,144 | $239,979 | $321,837 |
Source: Ownwell
Property Tax Bills Across Clay Springs, Arizona
In Clay Springs, located in Navajo County, AZ, property tax bills are determined based on the assessed value of a home, which is derived from the market value. The median home price in this area is $139,144. Property taxes are calculated by applying the local tax rate to the assessed value. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. For homeowners in Clay Springs, property tax bills can vary significantly. The tax bill at the 25th percentile is $309, while at the 75th percentile, it rises to $818, and at the 90th percentile, it reaches $1,123. The highest and lowest median tax bills in the area are both recorded at $526, specifically in the 85923 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Clay Springs might find their property tax bills relatively manageable. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Clay Springs Tax Bill
$526
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Clay Springs, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85923 | $144 | $309 | $526 | $818 | $1,123 |
Source: Ownwell