Corona De Tucson, Arizona Property Taxes
The median property tax rate in Corona de Tucson, AZ is 1.01%, slightly higher than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $268,211 in Corona de Tucson, the typical annual property tax bill is around $2,822, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Corona de Tucson'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 Corona de Tucson 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
Corona De Tucson, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,709
$2,514
Ownwell’s Corona de Tucson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Corona de Tucson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Corona de Tucson 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 Corona De Tucson, Arizona
Property taxes in Corona de Tucson, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Corona de Tucson is 1.01%, slightly above the U.S. national median of 0.99%. Local government entities within Corona de Tucson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corona de Tucson 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 Corona de Tucson's effective property tax rate to other areas in Pima County and the national median. For comparison, the 85641 zip code has the highest median property tax rate of 1.01%, while the 85641 zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Corona de Tucson 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 Corona De Tucson Tax Rate
1.01%
Average Pima County Tax Rate
0.81%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corona De Tucson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85641 | 0.93% | 0.96% | 1.01% | 1.08% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Corona De Tucson, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Corona de Tucson, Arizona. 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 Corona de Tucson, 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 Corona de Tucson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,822, found in the 85641 zip code.
Property Tax Assessment Values Across Corona De Tucson, Arizona
Source: Ownwell
$51,748
$431,777
$811,806
Average Corona De Tucson Assessed Value
$268,211
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 Corona De Tucson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85641 | $166,137 | $194,513 | $268,211 | $349,120 | $558,757 |
Source: Ownwell
Property Tax Bills Across Corona De Tucson, Arizona
In Corona de Tucson, located in Pima County, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in this region can expect a median home price of $268,211. Property tax bills vary significantly within this area, with the 25th percentile paying around $1,852 and the 75th percentile paying up to $3,783. For those at the 90th percentile, the tax bill can reach $5,819. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. The highest median tax bill in the area is $2,822, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by ensuring community development and maintenance.
Average Corona De Tucson Tax Bill
$2,822
Average Pima County Tax Bill
$2,088
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Corona De Tucson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85641 | $1,581 | $1,852 | $2,822 | $3,783 | $5,819 |
Source: Ownwell