How to Plan for Rising Property Taxes in Marana Arizona

How to Plan for Rising Property Taxes in Marana, Arizona

Marana, Arizona, is a growing and thriving community, attracting homeowners with its beautiful landscapes and family-friendly atmosphere. However, like many parts of the country, property taxes in Marana are on the rise. As a homeowner or prospective buyer, it’s crucial to understand how these increases could affect you and how to plan accordingly.

Property taxes are an important part of owning real estate, but they don’t have to be overwhelming if you know how to anticipate and manage them. Here’s a guide to help you plan for rising property taxes in Marana, Arizona.

1. Understanding How Property Taxes Are Calculated in Marana

In Marana, property taxes are assessed by the Pima County Assessor’s Office. They are based on the assessed value of your property, which includes both the land and any improvements made to the property, such as your home, structures, or landscaping.

The tax rate in Marana, like in the rest of Pima County, varies depending on the location and the needs of the local government. Typically, property taxes in Marana are between 0.7% to 1.2% of the market value of your home, though this can fluctuate over time. Local school districts, cities, and other government entities set tax rates, and changes in local budgets can affect your property taxes.

2. Watch for Local Budget Changes and Government Decisions

Changes in the budget of local governments and school districts in Marana are one of the main drivers of rising property taxes. If the city of Marana, the local school district, or other government bodies decide to increase their budgets, it could lead to higher property tax rates.

Keep an eye on news about local government decisions and any proposed budget increases. For example, the town may decide to fund new infrastructure projects or expand public services, which could directly impact property taxes.

3. Appeal Your Property's Valuation

If you feel that your property’s assessed value is higher than it should be, you can file an appeal with the Pima County Assessor’s Office. They allow homeowners to challenge the assessed value of their property, and if your appeal is successful, you may see a reduction in your property taxes.

To file an appeal, you’ll need to gather evidence that your property is valued too high compared to similar properties in your area. You can get an independent appraisal or use sales data to make your case. If you’re unsure how to proceed, working with a real estate professional like Ryan Comstock can help guide you through the process.

4. Plan for Potential Tax Increases in Your Budget

It’s always smart to anticipate that property taxes may increase over time. When creating your homeownership budget, it’s a good idea to plan for potential tax hikes. A general guideline is to set aside 2-5% of your current property tax amount each year to cover any increases.

If you're buying a home, don’t just focus on the mortgage payment—take property taxes into consideration when evaluating the total cost of homeownership. This will give you a better sense of what your long-term financial commitment will look like.

5. Take Advantage of Property Tax Relief Programs

Arizona offers a variety of property tax relief programs, particularly for seniors, veterans, and low-income homeowners. If you qualify, you may be able to take advantage of exemptions or deferrals that can reduce your tax burden.

In Marana, as with the rest of Pima County, seniors aged 65 or older, as well as veterans and disabled individuals, may be eligible for tax relief programs. Make sure to check with the Arizona Department of Revenue to learn more about the specific programs available and whether you qualify.

6. Work with a Local Realtor Like Ryan Comstock

If you’re navigating the complexities of rising property taxes, it’s helpful to have an expert on your side. Ryan Comstock, a local realtor in Marana, is knowledgeable about the property tax landscape and can help you better understand how tax rates may affect your investment.

Whether you’re looking to buy, sell, or simply want advice on how to manage rising property taxes, Ryan is here to help. His expertise in the Marana real estate market makes him an invaluable resource when it comes to understanding the local tax landscape.

You can reach Ryan directly at (520) 261-4669 or by email at [email protected] for personalized guidance.

7. Stay Informed About Real Estate Trends in Marana

Rising property taxes may correlate with rising property values, especially in a growing area like Marana. While higher taxes can make it more expensive to live in certain areas, they can also signal growth and increasing demand for homes. Monitoring the real estate market in Marana can help you make smarter decisions, whether you’re buying or selling.

If property taxes increase due to new infrastructure, schools, or services, the value of your property could rise in the long term. Staying informed will allow you to take advantage of these market trends and minimize the impact of rising taxes on your investment.

Conclusion

Rising property taxes in Marana, Arizona, are a reality homeowners need to prepare for. By understanding how taxes are calculated, keeping an eye on local government decisions, appealing unfair valuations, and planning for potential increases, you can manage your property taxes effectively.

If you’re new to Marana or looking to buy or sell, working with a knowledgeable realtor like Ryan Comstock can make the process smoother. Ryan can help you navigate both the real estate market and the complexities of local property taxes, ensuring you make the best decisions for your future.

Don’t hesitate to reach out to Ryan Comstock at (520) 261-4669 or [email protected] for expert advice tailored to your needs.

Being proactive and well-informed is the key to successfully managing the impact of rising property taxes in Marana.