Red Rock, Arizona Property Taxes
The median property tax rate in Red Rock, AZ is 0.81%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%. With a median home value of $231,038 in Red Rock, the typical annual property tax bill amounts to $1,855, falling below the national median of $2,690. Property taxes in Red Rock are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Red Rock'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 Red Rock 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
Red Rock, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,871
Ownwell’s Red Rock Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Red Rock, Pinal County. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Red Rock to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Red Rock, Arizona
Property taxes in Red Rock, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Red Rock is 0.81%, lower than the U.S. national median of 0.99%. Local government entities within Red Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Red Rock 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 Red Rock's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 85145 has the highest median property tax rate of 0.81%, while the zip code 85145 also has the lowest median tax rate of 0.81%. Understanding how these areas compare with Red Rock 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 Red Rock Tax Rate
0.81%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Rock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85145 | 0.76% | 0.78% | 0.81% | 0.85% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Red Rock, Arizona
In Red Rock, 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 Appraisal District 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 Red Rock, 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 Red Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Red Rock is 85145, both at $1,855.
Average Red Rock Assessed Value
$231,038
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 Red Rock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85145 | $163,955 | $194,544 | $231,038 | $269,036 | $321,230 |
Source: Ownwell
Property Tax Bills Across Red Rock, Arizona
In Red Rock, Pinal County, AZ, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Red Rock is $231,038, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect a tax bill of around $1,633, while those in the 75th percentile might see bills closer to $2,143. At the higher end, the 90th percentile tax bill reaches approximately $2,534. The highest and lowest median tax bills in the area are both $1,855, falling within the same zip code, 85145. Compared to the national median property tax rate of 0.99%, Red Rock's tax rates provide a competitive landscape for homeowners, impacting affordability and overall housing costs.
Average Red Rock Tax Bill
$1,855
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Rock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85145 | $1,441 | $1,633 | $1,855 | $2,143 | $2,534 |
Source: Ownwell