Show Low, Arizona Property Taxes
The median property tax rate in Show Low, AZ is 0.54%, which is lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Show Low at $228,310, the typical annual property tax bill is $1,151, significantly below the national median of $2,690. Property taxes in Show Low are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Show Low'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 Show Low 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
Show Low, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,233
$1,144
Ownwell’s Show Low Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Show Low with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Show Low 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 Show Low, Arizona
Property taxes in Show Low, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Show Low is 0.54%, notably lower than the U.S. national median of 0.99%. Local government entities within Show Low set these rates annually, and they can vary significantly across different neighborhoods. Each year, Show Low 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 Show Low's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 85901 has both the highest and lowest median property tax rate in Show Low at 0.54%. Understanding how these rates compare with Show Low 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 Show Low Tax Rate
0.54%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Show Low, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85901 | 0.39% | 0.47% | 0.54% | 0.61% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Show Low, Arizona
In Show Low, 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 Show Low, 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 Show Low helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $228,310, with the highest and lowest median tax bills both at $1,151 in the 85901 zip code.
Average Show Low Assessed Value
$228,310
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 Show Low, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85901 | $42,163 | $97,706 | $228,310 | $393,656 | $648,728 |
Source: Ownwell
Property Tax Bills Across Show Low, Arizona
In Show Low, 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. Factors such as property location, size, and improvements play a significant role in determining this value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $228,310, homeowners in Show Low can expect property tax bills that vary widely. The 25th percentile tax bill is approximately $521, while the 75th percentile tax bill reaches around $2,054. At the higher end, the 90th percentile tax bill is about $3,451. This range highlights the variability in property taxes due to differing property values and assessment practices. Comparatively, the highest and lowest median tax bills in the area are both $1,151, indicating a relatively consistent tax rate within the zip code 85901. Understanding these factors is crucial for homeowners as they budget for annual property expenses.
Average Show Low Tax Bill
$1,151
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Show Low, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85901 | $232 | $521 | $1,151 | $2,054 | $3,451 |
Source: Ownwell