Taylor, Arizona Property Taxes
The median property tax rate in Taylor, AZ is 0.28%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Taylor at $228,234, the typical annual property tax bill amounts to $602, well below the national median of $2,690. Property taxes in Taylor are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Taylor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Taylor 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
Taylor, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s Taylor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taylor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taylor 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 Taylor, Arizona
Property taxes in Taylor, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylor is 0.28%, significantly lower than both the Arizona state median of 0.64% and the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor'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 found in ZIP code 85003 with a rate of 1.24%, while the lowest median tax rate is in ZIP code 85351 at 0.32%. Understanding how these cities compare with Taylor 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 Taylor Tax Rate
0.28%
Average Navajo County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85939 | 0.23% | 0.25% | 0.28% | 0.34% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Taylor, Arizona
In Taylor, 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 Taylor, 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. The median home price in Taylor is $228,234, with tax bills ranging from $355 at the 25th percentile to $1,277 at the 90th percentile. The zip code 85939 has both the highest and lowest median tax bill at $602. 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 Taylor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Taylor Assessed Value
$228,234
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 Taylor, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85939 | $55,071 | $121,558 | $228,234 | $317,721 | $444,074 |
Source: Ownwell
Property Tax Bills Across Taylor, Arizona
In Taylor, 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 Taylor is $228,234. Local tax authorities determine the assessed value and apply the local tax rate to it. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners, property taxes can vary significantly. In Taylor, the 25th percentile tax bill is $355, while the 75th percentile tax bill is $882, and the 90th percentile tax bill reaches $1,277. Comparing these figures to the national median property tax rate of 0.99%, Taylor's property taxes can be considered moderate. The highest and lowest median tax bills in the area are both $602, highlighting some consistency within specific zip codes. These property taxes are crucial for funding local services such as schools, roads, and emergency services, directly impacting the quality of life for residents.
Average Taylor Tax Bill
$602
Average Navajo County Tax Bill
$1,032
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85939 | $193 | $355 | $602 | $882 | $1,277 |
Source: Ownwell