Snowflake, Arizona Property Taxes
The median property tax rate in Snowflake, AZ is 0.29%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Snowflake at $185,915, the typical annual property tax bill is $529, well below the national median of $2,690. Property taxes in Snowflake are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Snowflake'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 Snowflake or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Snowflake, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$539
$500
Ownwell’s Snowflake Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Snowflake with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Snowflake to provide an estimate of your property tax bill. This valuable tool offers insight into your potential tax liabilities, ensuring you are well-prepared for financial planning. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by Navajo County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Snowflake, Arizona
Property taxes in Snowflake, Arizona, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snowflake is 0.29%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Snowflake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snowflake 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 Snowflake's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in the region is significantly higher, while some areas have rates that are even lower. Understanding how these cities compare with Snowflake 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 Snowflake Tax Rate
0.29%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snowflake, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85937 | 0.22% | 0.25% | 0.29% | 0.37% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Snowflake, Arizona
In Snowflake, 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 Appraisal District 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 Snowflake, 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 Snowflake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Snowflake is $185,915, with tax bills ranging from $241 at the 25th percentile to $1,276 at the 90th percentile.
Average Snowflake Assessed Value
$185,915
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 Snowflake, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85937 | $28,150 | $71,568 | $185,915 | $295,662 | $431,603 |
Source: Ownwell
Property Tax Bills Across Snowflake, Arizona
Property tax bills in Snowflake, Navajo County, AZ, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Snowflake face a median property tax rate lower than the national median of 0.99%. The median home price in Snowflake is $185,915, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $241, while the 75th percentile tax bill is $833, and the 90th percentile tax bill reaches $1,276. These tax bills are influenced by various factors, including property size, location, and local tax rates. For homeowners, understanding these factors is crucial as they directly affect the annual tax burden. With the highest and lowest median tax bills both being $529 in the 85937 zip code, homeowners can anticipate a relatively predictable range in their property tax expenses within Snowflake.
Average Snowflake Tax Bill
$529
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Snowflake, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85937 | $103 | $241 | $529 | $833 | $1,276 |
Source: Ownwell