Mohave Valley, Arizona Property Taxes
The median property tax rate in Mohave Valley, AZ is 0.53%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Mohave Valley at $168,628, the typical annual property tax bill reaches $776, significantly below the national median of $2,690. Property taxes in Mohave Valley 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 Mohave Valley'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 Mohave Valley 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
Mohave Valley, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$894
Ownwell’s Mohave Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mohave Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mohave Valley 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 Mohave Valley, Arizona
Property taxes in Mohave Valley, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mohave Valley is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Mohave Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mohave Valley 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 Mohave Valley's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 86440 has both the highest and lowest median property tax rate of 0.53%. Understanding how these figures compare with Mohave Valley 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 Mohave Valley Tax Rate
0.53%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mohave Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86440 | 0.31% | 0.42% | 0.53% | 0.66% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Mohave Valley, Arizona
In Mohave Valley, 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. Assessment notices in Mohave Valley 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 Mohave Valley 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 $776.00, found in zip code 86440.
Average Mohave Valley Assessed Value
$168,628
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 Mohave Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86440 | $45,812 | $82,565 | $168,628 | $297,210 | $407,129 |
Source: Ownwell
Property Tax Bills Across Mohave Valley, Arizona
In Mohave Valley, AZ, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Mohave Valley experience varying tax bills depending on the assessed value of their homes. For instance, the median home price in the area is $168,628. Property tax bills can range significantly, with the 25th percentile tax bill at $399 and the 75th percentile reaching $1,291. At the higher end, the 90th percentile tax bill is $2,181. The highest and lowest median tax bills in the area are both $776, found in zip code 86440. These tax bills are influenced by factors such as property improvements, neighborhood developments, and changes in market conditions. Compared to the national median property tax rate of 0.99%, Mohave Valley offers a relatively affordable property tax environment, which can be a significant factor for homeowners considering the overall cost of living.
Average Mohave Valley Tax Bill
$776
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Mohave Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86440 | $240 | $399 | $776 | $1,291 | $2,181 |
Source: Ownwell