Understanding the Property Tax System in Sedona
Are you looking to buy a house in Sedona, Arizona? Bryan & Cindy Dante Real Estate can help you find the best property to meet your family’s needs. Before you decide to place an offer on a new home, it’s important to understand the property taxes in place in Sedona. Understanding the ins and outs of the local tax system will be the key to making the right decision. Our real estate agency is here to help you understand the Sedona property tax system.
Property Taxes are Based on Assessed Value
The higher the value of your property, the more you will pay in taxes. This means that the amount of tax you will pay is assigned by the county assessor. Currently, the average property tax rate in Sedona, Arizona, is .54%. This can be compared to the United States’ total average property tax rate, which is 1.16%. Luckily, if you are buying a house in Sedona, the property tax rate is lower here than in other cities in the United States.
Property Taxes are Set by the County
Sedona is spread across two different counties in Arizona, Coconino and Yavapai, but most of the population lives in Yavapai. The amount of property tax you will pay is determined by the county in which you live. Since Sedona is located in two counties the property tax rate can vary, but the rate is based on the amount of money that is needed to fund essential city services, such as schools and public safety.
Property Taxes are Due Annually
Property taxes in Sedona are due annually, but because the city is located in two different counties the due dates may vary. Check with the local county office to find out when your taxes will be due.
Exemptions and Partially Deferred Taxes
People who own property in Sedona, Arizona, have certain tax exemptions available. Tax exemptions can reduce the amount of taxes you owe. Be sure to check with your county assessor to see if you qualify for any exemptions. Sedona offers a partial deferral of property taxes for those who qualify. People who need more time to pay their taxes or who may not be able to afford the full amount should seek a partial deferral.
Bryan & Cindy Dante Real Estate wants to help you find the perfect listings in Sedona, AZ. We understand how exciting and overwhelming being in the market for a new home can be. That’s why we want to provide more knowledge of the property tax system in Sedona, Arizona. Contact us today for more information.
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