Valley Farms, Arizona Property Taxes
The median property tax rate in Valley Farms, AZ is 0.47%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $139,296, the typical annual property tax bill in Valley Farms is $536, which is well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding Valley Farms' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in Valley Farms or investing in property, comprehending the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Valley Farms, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$655
Ownwell’s Valley Farms Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley Farms with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Farms 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 Valley Farms, Arizona
Property taxes in Valley Farms, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Farms is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Valley Farms set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Farms 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 Valley Farms' effective property tax rate to other areas in Pinal County and the national median. For comparison, the zip code 85191 has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Valley Farms 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 Valley Farms Tax Rate
0.47%
Average Pinal County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Farms, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85191 | 0.24% | 0.31% | 0.47% | 0.62% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Valley Farms, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Valley Farms, AZ. 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. Assessment notices in Valley Farms 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. The median home price in Valley Farms is $139,296, with the 25th percentile tax bill at $448 and the 75th percentile at $742. The highest and lowest median tax bill is $536, both in zip code 85191. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valley Farms Assessed Value
$139,296
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 Valley Farms, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85191 | $59,172 | $91,600 | $139,296 | $202,014 | $269,193 |
Source: Ownwell
Property Tax Bills Across Valley Farms, Arizona
In Valley Farms, located in Pinal County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $139,296. Property tax rates are applied to this assessed value to determine the annual tax bill. The median property tax rate in Valley Farms is competitive compared to the national median of 0.99%. Several factors influence the tax bill, including the home's location, its assessed value, and any applicable exemptions. For instance, homeowners in the 25th percentile pay around $448 annually, while those in the 75th percentile pay approximately $742. At the 90th percentile, the tax bill can reach up to $1,037. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated helps in financial planning and ensures they can take advantage of any available exemptions to potentially lower their tax burden.
Average Valley Farms Tax Bill
$536
Average Pinal County Tax Bill
$1,519
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Farms, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85191 | $338 | $448 | $536 | $742 | $1,037 |
Source: Ownwell