Black Canyon City, Arizona Property Taxes
The median property tax rate in Black Canyon City, AZ is 0.42%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $120,437 in Black Canyon City, the typical annual property tax bill amounts to $608, which is well below the national median of $2,690. Property taxes in Black Canyon City are based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Black Canyon City'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 Black Canyon City or another part of the area, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Black Canyon City, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$506
Ownwell’s BLACK CANYON CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLACK CANYON CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLACK CANYON CITY 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 Black Canyon City, Arizona
Property taxes in Black Canyon City, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black Canyon City is 0.42%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Black Canyon City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black Canyon City 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 Black Canyon City's effective property tax rate to other areas in Arizona and the national median. For comparison, the ZIP code 85324 has both the highest and lowest median property tax rate of 0.42%, highlighting the uniformity in tax rates within the region. Understanding how these cities compare with Black Canyon City provides valuable insights into the varying tax landscape across Yavapai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Black Canyon City Tax Rate
0.42%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Black Canyon City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85324 | 0.30% | 0.36% | 0.42% | 0.56% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Black Canyon City, Arizona
In Black Canyon City, 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 Yavapai 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. In Black Canyon City, 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 Black Canyon City 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 $608.00, specifically in the 85324 zip code.
Property Tax Assessment Values Across Black Canyon City, Arizona
Source: Ownwell
$12,822
$371,946
$731,070
Average Black Canyon City Assessed Value
$120,437
Average Yavapai County Assessed Value
$367,324
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Black Canyon City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85324 | $56,843 | $73,916 | $120,437 | $275,442 | $450,033 |
Source: Ownwell
Property Tax Bills Across Black Canyon City, Arizona
In Black Canyon City, located in Yavapai County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that the local tax rate is applied to the assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's size, location, and any applicable exemptions or deductions. The median home price in Black Canyon City is $120,437, and homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is around $361, while the 75th percentile tax bill is approximately $1,074. At the higher end, the 90th percentile tax bill reaches up to $1,765. These figures show a range of what homeowners might pay, reflecting differences in property values and specific circumstances. Compared to the national median property tax rate of 0.99%, Black Canyon City's tax rates offer a relatively moderate financial impact on homeowners, helping to maintain affordability in this Arizona community.
Average Black Canyon City Tax Bill
$608
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Canyon City, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85324 | $233 | $361 | $608 | $1,074 | $1,765 |
Source: Ownwell