Ajo, Arizona Property Taxes
The median property tax rate in Ajo, AZ is 0.81%, 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 $67,188, the typical annual property tax bill in Ajo is $567, well below the national median of $2,690. Property taxes in Ajo are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Ajo'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 Ajo 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
Ajo, 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 Ajo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ajo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ajo 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 Ajo, Arizona
Property taxes in Ajo, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ajo is 0.81%, which is below the U.S. national median of 0.99%. Local government entities within Ajo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ajo 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 Ajo's effective property tax rate to other areas in Pima County and the national median. For comparison, the 85321 zip code has both the highest and lowest median property tax rate of 0.81%. Understanding how these rates compare with Ajo provides valuable insights into the varying tax landscape across Pima County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ajo Tax Rate
0.81%
Average Pima County Tax Rate
0.81%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ajo, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85321 | 0.65% | 0.77% | 0.81% | 0.93% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Ajo, Arizona
In Ajo, 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 Pima 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 Ajo, 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 Ajo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in zip code 85321, valued at $567.
Average Ajo Assessed Value
$67,188
Average Pima County Assessed Value
$262,759
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ajo, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85321 | $36,426 | $50,920 | $67,188 | $95,625 | $125,268 |
Source: Ownwell
Property Tax Bills Across Ajo, Arizona
Property tax bills in Ajo, located in Pima County, AZ, are calculated based on the assessed value of a property. This assessed value is a percentage of the market value determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. For Ajo, the median home price is $67,188, leading to varying tax bills across percentiles. Homeowners in the 25th percentile can expect a tax bill around $413, while those in the 75th percentile might see bills closer to $782. The 90th percentile tax bill can reach up to $989. These figures are significantly lower than the national median property tax rate of 0.99%, making Ajo relatively affordable for homeowners. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. Understanding these components helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Ajo Tax Bill
$567
Average Pima County Tax Bill
$2,088
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Ajo, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85321 | $304 | $413 | $567 | $782 | $989 |
Source: Ownwell