Meadview, Arizona Property Taxes
The median property tax rate in Meadview, AZ is 0.60%, slightly higher than the Arizona state median of 0.56% but lower than the national median of 0.99%. With the median home value in Meadview at $77,294, the typical annual property tax bill amounts to $453, which is significantly less than the national median of $2,690. Property taxes in Meadview are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Meadview's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Meadview or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meadview, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$464
Ownwell’s Meadview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadview 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 Meadview, Arizona
Property taxes in Meadview, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadview is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Meadview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadview 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 Meadview's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86444 has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Meadview 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 Meadview Tax Rate
0.60%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadview, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86444 | 0.35% | 0.47% | 0.60% | 0.75% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Meadview, Arizona
In Meadview, 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 Meadview, 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 Meadview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $453.00, found in zip code 86444.
Average Meadview Assessed Value
$77,294
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 Meadview, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86444 | $27,277 | $45,984 | $77,294 | $130,250 | $206,364 |
Source: Ownwell
Property Tax Bills Across Meadview, Arizona
In Meadview, located in Mohave County, AZ, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Meadview is $77,294. Property tax rates in this area are influenced by various factors, including local government budgets and the needs of public services such as schools and infrastructure. The tax bill can vary significantly among homeowners. For instance, the 25th percentile tax bill is $276, while the 75th percentile tax bill is $708. The highest median tax bill recorded in the area is $453, which is relatively lower than the national median property tax rate of 0.99%. This means that homeowners in Meadview generally face lower tax burdens compared to the national average. These property taxes directly impact homeowners by contributing to the funding of essential community services. Understanding these factors can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Meadview Tax Bill
$453
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadview, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86444 | $149 | $276 | $453 | $708 | $1,059 |
Source: Ownwell