Littlefield, Arizona Property Taxes
The median property tax rate in Littlefield, AZ is 0.50%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Littlefield, the typical annual property tax bill reaches $910, significantly below the national median of $2,690. Property taxes in Littlefield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Littlefield'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 Littlefield 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
Littlefield, 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 Littlefield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Littlefield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littlefield 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 Littlefield, Arizona
Property taxes in Littlefield, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Littlefield is 0.50%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Littlefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littlefield 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 Littlefield's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86432 zip code has the highest median property tax rate of 0.50%, while the 86432 zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Littlefield 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 Littlefield Tax Rate
0.50%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Littlefield, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86432 | 0.30% | 0.41% | 0.50% | 0.66% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Littlefield, Arizona
In Littlefield, 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 Appraisal District 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. 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 Littlefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 86432 has the highest and lowest median tax bill, both at $910.
Average Littlefield Assessed Value
$215,209
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 Littlefield, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86432 | $62,023 | $89,625 | $215,209 | $286,897 | $416,390 |
Source: Ownwell
Property Tax Bills Across Littlefield, Arizona
In Littlefield, Mohave County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $215,209. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $535 and the 75th percentile reaching $1,460. For those in the 90th percentile, the tax bill can go up to $1,994. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. These elements combine to determine the final amount homeowners owe each year. Compared to the national median property tax rate of 0.99%, Littlefield offers a relatively competitive tax environment. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual budgets. Staying informed about how these taxes are calculated can help in planning and potentially appealing for adjustments to ensure fair taxation.
Average Littlefield Tax Bill
$910
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Littlefield, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86432 | $316 | $535 | $910 | $1,460 | $1,994 |
Source: Ownwell