Home Buying in Rio Rico>Question Details

Art Petersen, Both Buyer and Seller in 85648

In Ca property taxes are around 1.2% of market/assessed value. In looking at the property taxes in Rio Rico they seem to be higher.

Asked by Art Petersen, 85648 Thu Sep 16, 2010

price . There does not seem to be a consistency based on value realizing their are various tax area in the County. My question is: are property taxes tied to an assessed value tied to Market value? If so, there seems to be a long delay in re-assessment. This is good if market values are increasing but not so good if decreasing.
I believe Prop 13 in Ca controls increases in value to a certain percentage

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Bonnie Hart’s answer
In addition, the tax may be figured on 1.2% of the assessed value but there may be additional assessments added to that percentage. For instance where we live another $700 plus is added to our tax base.
0 votes Thank Flag Link Thu Sep 16, 2010
Dear Art:

In AZ, the county will adjust the market assessed value of the property itself first. This applies to the following year. This in itself does not mean anything. Later in the year, the tax "rate" is determined based on the upcoming budget. The county has to pull in the revenue they need to operate. The tax "rate" is determined from this.

Even if the assessed value goes down, the tax rate is likely to go up. There may be little or no reduction in taxes.

Each Arizona county makes their own determination based on their budget.


Jeff Masich
Arizona Homes and Land
0 votes Thank Flag Link Thu Sep 16, 2010
Property taxes are tied to an assessed value, and yes to Market value in California. If there is not a big turn over in your particular neighborhood perhaps the County is not catching the change in your home's value. You can submit a request to the County Assessor to lower your assessed value. They will request that you have some comparable properties to show the decrease in value. You can obtain some help with that from a reputable Title company or a good Realtor in your area. Prop 13 is very important in CA and this coming election in Nov. plays an important part in keeping Prop 13.
0 votes Thank Flag Link Thu Sep 16, 2010
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