Willow Beach, Arizona Property Taxes
The median property tax rate in Willow Beach, AZ is 0.52%, notably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Willow Beach at $72,713, the typical annual property tax bill amounts to $386, significantly below the national median of $2,690. Property taxes in Willow Beach 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 Willow Beach'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 Willow Beach 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
Willow Beach, 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 Willow Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow Beach 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 Willow Beach, Arizona
Property taxes in Willow Beach, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willow Beach is 0.52%, notably lower than the U.S. national median of 0.99%. Local government entities within Willow Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willow Beach 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 Willow Beach's effective property tax rate to other areas in Mohave County and the national median. For comparison, the 86445 zip code has both the highest and lowest median property tax rate in the area, at 0.52%. Understanding how these areas compare with Willow Beach 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 Willow Beach Tax Rate
0.52%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willow Beach, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86445 | 0.32% | 0.43% | 0.52% | 0.66% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Willow Beach, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Willow Beach, Arizona. 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 Willow Beach, 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 Willow Beach 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 $386, found in zip code 86445.
Average Willow Beach Assessed Value
$72,713
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 Willow Beach, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86445 | $22,824 | $33,962 | $72,713 | $135,418 | $277,754 |
Source: Ownwell
Property Tax Bills Across Willow Beach, Arizona
In Willow Beach, 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 market value of the home. For homeowners in Willow Beach, the median home price is $72,713. Property tax rates in this region are relatively low compared to the national median property tax rate of 0.99%. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the tax bill for the 25th percentile is $212, while the 75th percentile tax bill is $599, and the 90th percentile tax bill can reach up to $1,113. These taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated helps in financial planning and ensures they are prepared for their annual tax obligations. In Willow Beach, the highest and lowest median tax bills are both recorded at $386, indicating a relatively stable tax environment within the zip code 86445.
Average Willow Beach Tax Bill
$386
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow Beach, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86445 | $123 | $212 | $386 | $599 | $1,113 |
Source: Ownwell