By Scott Gaertner
We are in that visitor time of year in Scottsdale North and many of you will have friends visiting. Some of those friends will be coming from higher-tax states and they may be curious about how your property taxes compare to theirs…and you are going to have a tough time answering them.
Oh, it will be easy enough to tell them what you pay – but beyond that, it will get complicated. If you don’t know it, you can certainly look up the effective tax rate formula. Google has plenty of information for you. But that is based on the assessed valuation of the home and that is a whole other formula you will need to find. And you have to know what the values are in your neighborhood.
Not to worry. As always, we are here for you. We’ve got this.
Rather than bore you with formulas and guesses, I just went right to the source: the county assessor. (Actually, my administrative assistant Ashley did. She smarter and much more detail oriented.) She tallied all of the closed escrows over the last six months in the heart of Scottsdale North and used the sales prices, as well as the taxes for each property to give us some real-world averages.
Over 182 sales (over one sale a day!), the average sales price was $890,823 and the average tax for that home was $3,724 for the year. For you formula lovers, that would come out to .0042 of the home’s actual value. (We assume here that the home sold for its actual value.) So, if your rich friend wants to buy a million-dollar home in Scottsdale North, he should expect to pay about $4,200 in taxes. If he wants to downsize financially and choose a $500,000 home, he could expect to pay about $2,100. To give an even more real-world feeling, we pulled out two examples of each:
If this tickles your friend and they seem to have an interest in the area, you might also tell them about Connecting Scottsdale North. Either the Facebook group or the website ConnectingScottsdaleNorth.com can help them get a better feel for what we all fell in love with, besides just the great weather. The dark sky nights and the rich Sonoran Desert, the lessor congestion, the mountain views, the amazing hiking and golf opportunities. Those are some of the things that make Scottsdale North stand a bit above the rest.
So now you have a good answer for your friends if they ask you about taxes. You also have a good answer if they ask where they can go to learn more about what makes Scottsdale North so great. And finally, you have a good answer if they have an interest in buying a home – The Scott Gaertner Group. Nobody understands the Scottsdale North way of life better or helps more people to discover their new lifestyle in Scottsdale North than we do. Please call us and let us show them why this might be the next best place for them to live. They will thank you, and so will we.
Scott Gaertner is an Associate Broker with Keller Williams Northeast, who for the past 25+ years has helped more people to find their lifestyle niche in the Scottsdale North area than anyone else. He also contributes his thoughts on lifestyle interests in the area.