Maricopa, Arizona Property Taxes
The median property tax rate in Maricopa, AZ is 0.63%, which is higher than the Arizona state median of 0.56% but still below the national median of 0.99%. With a median home value of $324,760, the typical annual property tax bill in Maricopa amounts to $2,080, which is less than the national median of $2,690. Property taxes in Maricopa are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Maricopa'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 Maricopa 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
Maricopa, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$2,046
Ownwell’s Maricopa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maricopa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maricopa 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 Maricopa, Arizona
Property taxes in Maricopa, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maricopa is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Maricopa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maricopa 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 Maricopa's effective property tax rate to other areas in Pinal County and the national median. For comparison, the 85139 zip code has the highest median property tax rate of 0.66%, while the 85138 zip code has the lowest median tax rate of 0.63%. Understanding how these areas compare with Maricopa 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 Maricopa Tax Rate
0.63%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maricopa, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85138 | 0.47% | 0.55% | 0.63% | 0.72% | 0.84% |
| 85139 | 0.52% | 0.59% | 0.66% | 0.82% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Maricopa, Arizona
In Maricopa, 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 Maricopa, 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 Maricopa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is found in the 85138 zip code at $2,137, while the lowest is in the 85139 zip code at $1,864.
Average Maricopa Assessed Value
$324,760
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 Maricopa, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85138 | $259,338 | $293,018 | $336,736 | $400,739 | $462,623 |
| 85139 | $60,490 | $127,102 | $276,388 | $341,642 | $412,334 |
Source: Ownwell
Property Tax Bills Across Maricopa, Arizona
In Maricopa, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as the property's location, size, and any improvements can influence its assessed value. For instance, in Pinal County, the median home price is $324,760. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $1,661 and the 75th percentile at $2,560, while the 90th percentile reaches up to $3,034. Compared to the national median property tax rate of 0.99%, Maricopa’s rates provide a competitive edge, potentially saving homeowners money. The highest median tax bill in the region is $2,137 in zip code 85138, whereas the lowest is $1,864 in zip code 85139. These variations illustrate how local factors and property characteristics play a crucial role in determining the final tax bill, impacting homeowners' annual expenses significantly.
Average Maricopa Tax Bill
$2,080
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Maricopa, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85138 | $1,372 | $1,769 | $2,137 | $2,610 | $3,069 |
| 85139 | $416 | $1,229 | $1,864 | $2,355 | $2,901 |
Source: Ownwell