Patagonia, Arizona Property Taxes
The median property tax rate in Patagonia, AZ is 0.88%, 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 Patagonia, the typical annual property tax bill reaches $1,295, falling below the national median of $2,690. Property taxes in Patagonia are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Patagonia'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 Patagonia 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
Patagonia, 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 Patagonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patagonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patagonia 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 Patagonia, Arizona
Property taxes in Patagonia, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Patagonia is 0.88%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Patagonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patagonia 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 Patagonia's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85624 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Patagonia provides valuable insights into the varying tax landscape across Santa Cruz County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Patagonia Tax Rate
0.88%
Average Santa Cruz County Tax Rate
0.85%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Patagonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85624 | 0.64% | 0.76% | 0.88% | 1.01% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Patagonia, Arizona
In Patagonia, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Santa Cruz 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. Assessment notices in Patagonia 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. Notably, Patagonia's highest and lowest median tax bills both stand at $1,295 in zip code 85624. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Patagonia Assessed Value
$163,370
Average Santa Cruz County Assessed Value
$140,525
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Patagonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85624 | $23,405 | $70,948 | $163,370 | $286,526 | $429,681 |
Source: Ownwell
Property Tax Bills Across Patagonia, Arizona
Property tax bills in Patagonia, located in Santa Cruz County, AZ, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value and then applies an assessment ratio. In Patagonia, the median home price is $163,370, which serves as a basis for tax calculations. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Patagonia can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is $646, while the 75th percentile reaches $2,465. At the higher end, the 90th percentile tax bill is $3,977. These property taxes impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Patagonia's tax rates are relatively reasonable, providing essential community services without imposing an excessive financial burden on homeowners.
Average Patagonia Tax Bill
$1,295
Average Santa Cruz County Tax Bill
$1,184
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Patagonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85624 | $286 | $646 | $1,295 | $2,465 | $3,977 |
Source: Ownwell