Gold Canyon, Arizona Property Taxes
The median property tax rate in Gold Canyon, AZ is 0.69%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With the median home value in Gold Canyon at $424,065, the typical annual property tax bill reaches $2,955, slightly above the national median of $2,690. Property taxes in Gold Canyon are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Gold Canyon'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 Gold Canyon 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
Gold Canyon, 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 Gold Canyon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gold Canyon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gold Canyon 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 Gold Canyon, Arizona
Property taxes in Gold Canyon, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gold Canyon is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Gold Canyon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gold Canyon 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 Gold Canyon's effective property tax rate to other areas within Pinal County and the national median. For comparison, the 85118 zip code has the highest median property tax rate of 0.69%, while the 85119 zip code has the lowest median tax rate of 0.66%. Understanding how these areas compare with Gold Canyon provides valuable insights into the varying tax landscape across Pinal County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gold Canyon Tax Rate
0.69%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gold Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85118 | 0.52% | 0.60% | 0.69% | 0.80% | 0.91% |
| 85119 | 0.50% | 0.59% | 0.66% | 0.70% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Gold Canyon, Arizona
In Gold Canyon, 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 Pinal 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 Gold Canyon, 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 Gold Canyon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Gold Canyon is $6,209 in the 85119 zip code, while the lowest is $2,943 in the 85118 zip code.
Average Gold Canyon Assessed Value
$424,065
Average Pinal County Assessed Value
$319,292
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gold Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85118 | $305,710 | $349,536 | $422,227 | $540,383 | $762,394 |
| 85119 | $716,228 | $854,536 | $970,629 | $1,149,680 | $1,307,258 |
Source: Ownwell
Property Tax Bills Across Gold Canyon, Arizona
In Gold Canyon, Pinal County, AZ, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by county assessors. Homeowners in this region face property tax bills that vary widely depending on the value of their property. For instance, the tax bill for homes at the 25th percentile is around $2,241, while those at the 75th percentile pay approximately $3,788. At the higher end, the 90th percentile sees tax bills reaching $5,631. Several factors influence these tax bills, including the property's location, size, and any improvements made. Compared to the national median property tax rate of 0.99%, the rates in Gold Canyon can be significantly different due to these local assessments. This variation impacts homeowners by affecting their annual expenses, with some areas within the city, like zip code 85119, seeing the highest median tax bill of $6,209, while others, like zip code 85118, experience the lowest at $2,943.
Average Gold Canyon Tax Bill
$2,955
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Gold Canyon, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85118 | $1,772 | $2,232 | $2,943 | $3,746 | $5,511 |
| 85119 | $4,396 | $5,072 | $6,209 | $7,301 | $8,453 |
Source: Ownwell