Chloride, Arizona Property Taxes
The median property tax rate in Chloride, AZ is 0.65%, slightly above the state median of 0.56% but lower than the national median of 0.99%. With a median home value of $88,746, the typical annual property tax bill in Chloride is approximately $504, significantly below the national median of $2,690. Property taxes in Chloride are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Chloride's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chloride or another part of Mohave County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chloride, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s Chloride Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chloride with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chloride to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Chloride, Arizona
Property taxes in Chloride, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chloride is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Chloride set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chloride estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Chloride's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86431 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Chloride provides valuable insights into the varying tax landscape across Mohave County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chloride Tax Rate
0.65%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chloride, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86431 | 0.25% | 0.51% | 0.65% | 0.77% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Chloride, Arizona
In Chloride, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Mohave County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Chloride, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Chloride is $88,746, with the 25th percentile tax bill at $323 and the 75th percentile tax bill at $805. The highest and lowest median tax bills both stand at $504 in the 86431 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Chloride helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chloride Assessed Value
$88,746
Average Mohave County Assessed Value
$255,876
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chloride, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86431 | $25,161 | $53,359 | $88,746 | $144,610 | $209,342 |
Source: Ownwell
Property Tax Bills Across Chloride, Arizona
Property tax bills in Chloride, located in Mohave County, AZ, are determined based on the assessed value of a property and the local tax rate. The median home price in Chloride is $88,746. Property assessments are conducted to establish this value, which is then multiplied by the local tax rate to calculate the annual tax bill. The tax rate in Chloride is comparatively lower than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Chloride can expect their tax bills to vary within a range, with the 25th percentile tax bill around $323 and the 75th percentile reaching up to $805. At the higher end, the 90th percentile tax bill can be as much as $1,256. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance. For homeowners, understanding these factors and their impact on annual tax bills is crucial for effective financial planning.
Average Chloride Tax Bill
$504
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Chloride, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86431 | $156 | $323 | $504 | $805 | $1,256 |
Source: Ownwell