The property tax rate in Payson, AZ is a bit tricky to give a single definitive answer to, as it can vary depending on a few factors. However, here’s a breakdown of what you need to know:
Average Rate:
- The median property tax rate in Payson is 0.87%. This means that for a home with an assessed value of $100,000, you would pay about $870 in property taxes annually.
Factors Affecting the Rate:
- Assessed Value: Your property’s assessed value is determined by the Gila County Assessor’s Office and may be lower than the market value.
- Taxing Districts: Payson falls within several taxing districts, including the town itself, Gila County, and the Payson Unified School District. Each district sets its own tax rate.
- Tax Exemptions: You may qualify for certain exemptions that can lower your tax bill, such as the primary residence exemption or exemptions for veterans or seniors.
How it Compares:
- Higher than State Average: Payson’s property tax rate is higher than the Arizona state median of 0.56%.
- Lower than National Average: It’s lower than the national median property tax rate of 0.99%.
Finding Your Specific Rate:
- Gila County Assessor’s Website: You can usually find information about property tax rates and assessed values on the Gila County Assessor’s website. 1 1. Welcome to Gila County, AZ Treasurer Web taxes.gilacountyaz.gov
- Tax Bill: Your annual property tax bill will clearly state the tax rate and the breakdown of taxes for each taxing district.
Keep in Mind:
- Annual Changes: Property tax rates can change from year to year, so it’s important to stay updated on the current rates.
- Budgeting: When considering a move to Payson, factor in property taxes as part of your overall housing costs.
I hope this information is helpful!