Hackberry, Arizona Property Taxes
The median property tax rate in Hackberry, AZ is 0.43%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $104,394 in Hackberry, the typical annual property tax bill is $483, well below the national median of $2,690. Property taxes in Hackberry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hackberry'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 Hackberry or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hackberry, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$449
Ownwell’s Hackberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hackberry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hackberry 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 Hackberry, Arizona
Property taxes in Hackberry, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hackberry is 0.43%, significantly lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Hackberry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hackberry 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 Hackberry's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86411 zip code has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these areas compare with Hackberry 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 Hackberry Tax Rate
0.43%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hackberry, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86411 | 0.24% | 0.32% | 0.43% | 0.53% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Hackberry, Arizona
In Hackberry, 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 Hackberry, 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. 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 Hackberry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hackberry are both $483.00, found in the 86411 zip code.
Average Hackberry Assessed Value
$104,394
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 Hackberry, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86411 | $48,971 | $66,107 | $104,394 | $218,615 | $298,994 |
Source: Ownwell
Property Tax Bills Across Hackberry, Arizona
In Hackberry, AZ, property tax bills are calculated based on the assessed value of your home, which is determined by the Mohave County Assessor's Office. The assessed value is a percentage of the market value of your property. Several factors influence this valuation, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Hackberry, the median home price is $104,394. The property tax bills range significantly, with the 25th percentile at $276 and the 75th percentile at $750, indicating variability based on property characteristics. The 90th percentile tax bill reaches up to $1,085. Comparatively, the highest and lowest median tax bills in the area are both $483, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Hackberry, impacting household budgets and long-term financial planning positively.
Average Hackberry Tax Bill
$483
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Hackberry, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86411 | $141 | $276 | $483 | $750 | $1,085 |
Source: Ownwell