Mount Lemmon, Arizona Property Taxes
The median property tax rate in Mount Lemmon, AZ is 1.07%, notably higher than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $361,390 in Mount Lemmon, the typical annual property tax bill reaches $3,702, surpassing the national median of $2,690. Property taxes in Mount Lemmon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mount Lemmon'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 Mount Lemmon 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
Mount Lemmon, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$3,867
$3,588
Ownwell’s Mount Lemmon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Lemmon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Lemmon 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 Mount Lemmon, Arizona
Property taxes in Mount Lemmon, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Lemmon is 1.07%, higher than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Mount Lemmon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Lemmon 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 Mount Lemmon's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85619 zip code has the highest median property tax rate of 1.07%, while the same 85619 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Mount Lemmon 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 Mount Lemmon Tax Rate
1.07%
Average Pima County Tax Rate
0.81%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Lemmon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85619 | 1.01% | 1.07% | 1.07% | 1.07% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Mount Lemmon, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Lemmon, 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 Mount Lemmon, 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 Mount Lemmon is $361,390, with property tax bills ranging from $2,939 at the 25th percentile to $6,478 at the 90th percentile. The highest and lowest median tax bills are both $3,702 in the 85619 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Lemmon Assessed Value
$361,390
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 Mount Lemmon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85619 | $212,412 | $278,616 | $361,390 | $495,238 | $634,557 |
Source: Ownwell
Property Tax Bills Across Mount Lemmon, Arizona
In Mount Lemmon, located in Pima County, AZ, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. Once the assessed value is established, local tax rates are applied to calculate the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Mount Lemmon can expect varying property tax bills. For instance, the tax bill at the 25th percentile is $2,939, while at the 75th percentile, it reaches $5,059. The 90th percentile tax bill can go up to $6,478. The highest median tax bill in the area is $3,702, which aligns with the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, understanding how property taxes are calculated can help homeowners anticipate their annual financial obligations and plan accordingly.
Average Mount Lemmon Tax Bill
$3,702
Average Pima County Tax Bill
$2,088
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Lemmon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85619 | $2,251 | $2,939 | $3,702 | $5,059 | $6,478 |
Source: Ownwell