Holbrook, Navajo County, Arizona Property Taxes

Local government entities determine tax rates, which can significantly differ within a state. This variation arises because each county annually estimates the budget needed for services and divides it by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.

For example, in Holbrook within Navajo County, the effective property tax rate reflects the unique calculations and requirements of the area. When comparing Holbrook's property tax rate to other cities in Arizona, it's essential to consider the median property tax rates within the state and the national averages. The national median property tax rate is 1.02%, with a median tax bill of $2,400, providing a benchmark for comparison. By understanding these figures, property owners can better assess how their taxes align with regional and national trends.

In Holbrook, located in Navajo County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $101,920. Property taxes are then determined by applying the local tax rate to this assessed value. The tax bill can vary significantly, with 25% of homeowners paying $295 or less, while 90% pay up to $1,264. The median tax bill stands at $614, which is significantly lower than the national median property tax bill of $2,400.

For homeowners, these taxes can represent a substantial annual expense, impacting their overall financial planning. This is where Ownwell can make a difference. By leveraging expertise in property tax appeals, Ownwell helps homeowners ensure their property is fairly assessed, potentially reducing their tax burden. With a focus on maximizing savings, Ownwell offers a valuable service to those looking to manage their property tax expenses more effectively.