Gadsden, Arizona Property Taxes
The median property tax rate in Gadsden, AZ is 0.90%, which is lower than the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With the median home value in Gadsden at $78,352, the typical annual property tax bill amounts to $483, well below the national median of $2,690. Property taxes in Gadsden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Gadsden'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 Gadsden or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gadsden, 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 Gadsden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gadsden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gadsden 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 Gadsden, Arizona
Property taxes in Gadsden, Arizona, are crucial for funding essential local services including public schools, road maintenance, and emergency services. The median tax rate in Gadsden is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Gadsden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gadsden 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 Gadsden's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85336 zip code has both the highest and lowest median property tax rate of 0.90%, highlighting the uniformity within the region. Understanding how these areas compare with Gadsden provides valuable insights into the varying tax landscape across Yuma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gadsden Tax Rate
0.90%
Average Yuma County Tax Rate
0.88%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gadsden, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85336 | 0.50% | 0.57% | 0.90% | 1.02% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Gadsden, Arizona
In Gadsden, 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 Yuma 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 Gadsden, 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. For instance, the median home price in Gadsden is $78,352, with tax bills ranging from $241 at the 25th percentile to $1,749 at the 90th percentile. The zip code 85336 has both the highest and lowest median tax bill at $483. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gadsden Assessed Value
$78,352
Average Yuma County Assessed Value
$140,081
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gadsden, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85336 | $13,871 | $20,324 | $78,352 | $180,260 | $256,729 |
Source: Ownwell
Property Tax Bills Across Gadsden, Arizona
In Gadsden, located in Yuma County, AZ, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Gadsden is $78,352. Homeowners can expect tax bills to vary significantly, with the 25th percentile at $241 and the 75th percentile reaching $896. At the 90th percentile, tax bills can be as high as $1,749. The highest and lowest median tax bills both stand at $483 in the 85336 zip code. Property taxes in Gadsden are influenced by several factors, including the property's assessed value and the local tax rate. These taxes directly impact homeowners by adding an annual financial obligation that must be factored into the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Gadsden's tax rates can seem relatively moderate, but they still play a crucial role in funding local services and infrastructure, affecting the community's quality of life.
Average Gadsden Tax Bill
$483
Average Yuma County Tax Bill
$1,106
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Gadsden, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85336 | $153 | $241 | $483 | $896 | $1,749 |
Source: Ownwell