Sedona, Arizona Property Taxes
The median property tax rate in Sedona, AZ is 0.43%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Sedona at $711,479, the typical annual property tax bill reaches $3,102, which is above the national median of $2,690. Property taxes in Sedona 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 Sedona'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 Sedona or another part of Yavapai County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sedona, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$3,059
$2,839
Ownwell’s Sedona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedona 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 Sedona, Arizona
Property taxes in Sedona, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedona is 0.43%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Sedona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedona 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 Sedona's effective property tax rate to other areas in Arizona and the national median. For comparison, the 86351 zip code has the highest median property tax rate of 0.45%, while the 86336 zip code has the lowest median tax rate of 0.42%. Understanding how these areas compare with Sedona provides valuable insights into the varying tax landscape across Yavapai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sedona Tax Rate
0.43%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedona, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86336 | 0.35% | 0.38% | 0.42% | 0.47% | 0.52% |
| 86351 | 0.35% | 0.42% | 0.45% | 0.47% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Sedona, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sedona, Arizona. 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 Yavapai 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 Sedona, 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. For example, the highest median tax bill in Sedona is $3,138 in the 86351 zip code, while the lowest is $3,038 in the 86336 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sedona Assessed Value
$711,479
Average Yavapai County Assessed Value
$367,324
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sedona, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86336 | $242,225 | $445,480 | $731,070 | $1,239,484 | $1,898,531 |
| 86351 | $383,769 | $530,600 | $697,556 | $924,800 | $1,225,445 |
Source: Ownwell
Property Tax Bills Across Sedona, Arizona
In Sedona, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For homeowners in Sedona, property tax bills can vary significantly. The median home price in Sedona is $711,479, and the median property tax rate in Yavapai County is 0.99%, which aligns with the national median. Factors that influence the tax bill include the property's location, size, and improvements. For instance, properties in the 86351 zip code have the highest median tax bill at $3,138, while those in the 86336 zip code have a slightly lower median tax bill at $3,038. Tax bills can range widely, with the 25th percentile at $2,160 and the 75th percentile at $4,492. At the 90th percentile, homeowners might see a tax bill as high as $6,662. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Sedona Tax Bill
$3,102
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedona, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86336 | $1,018 | $2,038 | $3,038 | $4,854 | $7,673 |
| 86351 | $1,264 | $2,326 | $3,138 | $4,244 | $5,429 |
Source: Ownwell