San Tan Valley, Arizona Property Taxes
The median property tax rate in San Tan Valley, AZ is 0.40%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $369,437 in San Tan Valley, the typical annual property tax bill is $1,427, well below the national median of $2,690. Property taxes in San Tan Valley are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of San Tan Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of San Tan Valley 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
San Tan Valley, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,478
Ownwell’s SAN TAN VALLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN TAN VALLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN TAN VALLEY 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 San Tan Valley, Arizona
Property taxes in San Tan Valley, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Tan Valley is 0.40%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within San Tan Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Tan Valley 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 San Tan Valley's effective property tax rate to other areas in Pinal County and the national median. For comparison, the 85140 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these areas compare with San Tan Valley 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 San Tan Valley Tax Rate
0.40%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across San Tan Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85140 | 0.33% | 0.38% | 0.42% | 0.48% | 0.56% |
| 85143 | 0.31% | 0.36% | 0.39% | 0.43% | 0.47% |
| 85144 | 0.31% | 0.35% | 0.37% | 0.42% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across San Tan Valley, Arizona
In San Tan Valley, 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'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 San Tan Valley, 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 San Tan Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,636 in zip code 85140, while the lowest is $1,267 in zip code 85143.
Average San Tan Valley Assessed Value
$369,437
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 San Tan Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85140 | $288,659 | $334,636 | $398,416 | $491,882 | $607,569 |
| 85143 | $236,945 | $277,920 | $328,891 | $396,068 | $464,531 |
| 85144 | $290,769 | $331,717 | $398,111 | $473,837 | $583,129 |
Source: Ownwell
Property Tax Bills Across San Tan Valley, Arizona
In San Tan Valley, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the Pinal County Assessor's Office and is a percentage of the market value of the property. For example, with a median home price of $369,437, homeowners can expect varying tax bills depending on their specific circumstances. The tax bill can range from the 25th percentile at $1,170 to the 90th percentile at $2,459. Factors influencing these amounts include property location, improvements, and exemptions. For instance, the highest median tax bill in the area is $1,636 in the 85140 zip code, while the lowest is $1,267 in the 85143 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, San Tan Valley's rates offer a competitive and manageable financial obligation for homeowners.
Average San Tan Valley Tax Bill
$1,427
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across San Tan Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85140 | $1,068 | $1,302 | $1,636 | $2,201 | $3,161 |
| 85143 | $900 | $1,071 | $1,267 | $1,496 | $1,756 |
| 85144 | $989 | $1,209 | $1,462 | $1,792 | $2,234 |
Source: Ownwell