Vail, Arizona Property Taxes
The median property tax rate in Vail, AZ is 1.02%, slightly higher than the national median of 0.99% and significantly above the Arizona state median of 0.56%. With a median home value of $331,002 in Vail, the typical annual property tax bill amounts to $3,268, surpassing the national median of $2,690. Property taxes in Vail are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Vail'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 Vail or another part of Pima County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vail, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$3,376
$3,133
Ownwell’s Vail Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vail with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vail 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 Vail, Arizona
Property taxes in Vail, Arizona, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vail is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Vail set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vail 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 Vail's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85641 zip code has the highest median property tax rate of 1.02%, while the 85641 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Vail 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 Vail Tax Rate
1.02%
Average Pima County Tax Rate
0.81%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vail, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85641 | 0.78% | 0.95% | 1.02% | 1.09% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Vail, Arizona
In Vail, 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's Office 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 Vail, 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 Vail helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Vail are both $3268.00, found in the zip code 85641.
Average Vail Assessed Value
$331,002
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 Vail, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85641 | $84,785 | $261,483 | $331,002 | $410,614 | $524,146 |
Source: Ownwell
Property Tax Bills Across Vail, Arizona
In Vail, 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. This assessed value is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. Various factors can influence the assessed value, including the property's location, size, and condition. For homeowners in Vail, the median home price stands at $331,002. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,491 and the 75th percentile reaching $4,070. The 90th percentile tax bill can be as high as $5,306. Comparatively, the national median property tax rate is 0.99%, meaning Vail's property tax bills can be higher or lower depending on the assessed value and applicable exemptions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Vail Tax Bill
$3,268
Average Pima County Tax Bill
$2,088
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Vail, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85641 | $891 | $2,491 | $3,268 | $4,070 | $5,306 |
Source: Ownwell