Rio Verde, Maricopa County, Arizona Property Taxes

Name: Property Tax Bills Across Rio Verde, Maricopa County, Arizona
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median RIO VERDE, AZ effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but higher than the Arizona state median of 0.56%.
Median RIO VERDE, AZ home value: $561,300
Median annual RIO VERDE, AZ tax bill: $3,281, $881 higher than the national median property tax bill of $2,400.

How are property taxes in Maricopa County calculated?

Property taxes in RIO VERDE, AZ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding RIO VERDE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RIO VERDE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Rio Verde, Maricopa County, Arizona Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$3,312

$3,073

Ownwell’s Rio Verde Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rio Verde with just two data points. By entering your property's estimated assessed value, our calculator applies Rio Verde’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Maricopa County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rio Verde, Maricopa County, Arizona

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Rio Verde’s effective property tax rate to other cities in Arizona and the median property tax rates in Arizona and the U.S. In Maricopa County, where Rio Verde is located, the median property tax rate is notably lower than the national median property tax rate of 1.02%. This can be beneficial for property owners in Rio Verde, offering potential savings compared to other areas in the country. Understanding these rates and how they are determined can empower property owners to make informed decisions regarding their property investments and tax obligations.

Property Tax Rates Across Rio Verde, Maricopa County, Arizona

Source: Ownwell

0.30%

0.61%

0.91%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Rio Verde Tax Rate

0.59%

Median Effective Maricopa County Tax Rate

0.52%

Median Effective Arizona Tax Rate

0.56%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rio Verde, Maricopa County, Arizona

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
85263	0.40%	0.48%	0.59%	0.66%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Rio Verde, Maricopa County, Arizona

When examining property taxes in Rio Verde, AZ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Maricopa County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Maricopa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Rio Verde.

For example, the median home price in Rio Verde is $561,300, with tax bills ranging significantly across the county. Zip code 85263 has the highest median home price at $561,300.

Property Tax Assessment Values Across Rio Verde, Maricopa County, Arizona

Source: Ownwell

$57,600

$855,800

$1,654,000

Median Rio Verde Market Value

$561,300

Median Maricopa County Market Value

$328,300

Median Arizona Market Value

$302,154

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rio Verde, Maricopa County, Arizona

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
85263	$328,140	$436,600	$561,300	$720,700	$907,340

Source: Ownwell

Property Tax Bills Across Rio Verde, Maricopa County, Arizona

In Rio Verde, Maricopa County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Rio Verde face a median property tax bill of $3,281, which is above the national median of $2,400. Factors such as property location, improvements, and market trends can influence the assessed value, impacting the tax bill significantly. For instance, tax bills in the 25th percentile are around $2,348, while those in the 75th percentile reach $4,047, showing the range of potential tax burdens. Ownwell helps homeowners by ensuring their property is accurately assessed and identifying potential exemptions or errors that could lead to savings. By appealing over-assessments, Ownwell can help reduce the tax burden, making property ownership more affordable in Rio Verde.

Property Tax Bills Across Rio Verde, Maricopa County, Arizona

Source: Ownwell

$264

$3,639

$7,013

Median Rio Verde Tax Bill

$3,281

Median Maricopa County Tax Bill

$1,766

Median Arizona Tax Bill

$1,666

Median United States Tax Bill

$2,400

Property Tax Bills Across Rio Verde, Maricopa County, Arizona

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
85263	$1,571	$2,348	$3,281	$4,047	$4,871

Source: Ownwell