Holbrook, Arizona Property Taxes
The median property tax rate in Holbrook, AZ is 0.63%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With a median home value of $101,920 in Holbrook, the typical annual property tax bill is around $614, significantly below the national median of $2,690. Property taxes in Holbrook are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Holbrook'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 Holbrook or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holbrook, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$642
Ownwell’s Holbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holbrook 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 Holbrook, Arizona
Property taxes in Holbrook, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holbrook is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Holbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holbrook 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 Holbrook's effective property tax rate to other areas in Arizona and the national median. For comparison, the 86029 zip code has the highest median property tax rate of 0.80%, while the 86025 zip code has the lowest median tax rate of 0.63%. Understanding how these areas compare with Holbrook 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 Holbrook Tax Rate
0.63%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holbrook, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86025 | 0.49% | 0.58% | 0.63% | 0.75% | 0.93% |
| 86029 | 0.73% | 0.75% | 0.80% | 0.84% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Holbrook, Arizona
In Holbrook, 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's Office 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 Holbrook, 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 Holbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Holbrook is $614 in the 86025 zip code, while the lowest is $185 in the 86029 zip code.
Average Holbrook Assessed Value
$101,920
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 Holbrook, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86025 | $13,043 | $42,288 | $102,000 | $155,268 | $220,101 |
| 86029 | $12,908 | $17,377 | $24,826 | $32,276 | $36,745 |
Source: Ownwell
Property Tax Bills Across Holbrook, Arizona
Property tax bills in Holbrook, Navajo County, AZ, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, a tax rate is applied to calculate the annual property tax bill. For homeowners in Holbrook, the median home price is $101,920. Property tax bills can vary significantly, with the 25th percentile paying around $295, while those in the 75th percentile pay about $932. At the higher end, the 90th percentile sees tax bills around $1,264. The highest median tax bill in the area is $614 in the 86025 zip code, while the lowest is $185 in the 86029 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community and homeowners' quality of life.
Average Holbrook Tax Bill
$614
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Holbrook, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86025 | $119 | $297 | $614 | $932 | $1,265 |
| 86029 | $107 | $136 | $185 | $234 | $263 |
Source: Ownwell