Crown King, Arizona Property Taxes
The median property tax rate in Crown King, AZ is 0.57%, slightly higher than the Arizona state median of 0.56% but lower than the national median of 0.99%. With a median home value of $204,892, the typical annual property tax bill in Crown King reaches $1,062, which is significantly below the national median of $2,690. Property taxes in Crown King are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Crown King'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 Crown King or another part of Yavapai County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crown King, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,168
Ownwell’s Crown King Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crown King with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crown King 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 Crown King, Arizona
Property taxes in Crown King, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crown King is 0.57%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Crown King set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crown King 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 Crown King's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86343 zip code has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Crown King 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 Crown King Tax Rate
0.57%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crown King, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86343 | 0.44% | 0.50% | 0.57% | 0.62% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Crown King, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crown King, AZ. 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 Crown King, 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. For instance, the median home price in Crown King is $204,892, with tax bills ranging from $750 at the 25th percentile to $2,075 at the 90th percentile. Notably, the highest and lowest median tax bill, both at $1,062, are found in the zip code 86343. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, protest assessments, or apply for exemptions to manage their tax burden effectively.
Average Crown King Assessed Value
$204,892
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 Crown King, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86343 | $91,488 | $127,856 | $204,892 | $301,740 | $436,799 |
Source: Ownwell
Property Tax Bills Across Crown King, Arizona
In Crown King, property tax bills are calculated based on the assessed value of a home, which is determined by the Yavapai County Assessor's Office. The assessed value is a percentage of the market value of the property. Various factors are considered, including the property's location, size, and condition. For example, a median home price in Crown King is approximately $204,892. Tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Crown King can expect a wide range of tax bills, with the 25th percentile at $750 and the 75th percentile at $1,634. At the 90th percentile, the tax bill can reach up to $2,075. These property taxes are crucial for funding local services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Crown King's rates can be relatively moderate, affecting homeowners' annual financial planning and overall cost of living.
Average Crown King Tax Bill
$1,062
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Crown King, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86343 | $541 | $750 | $1,062 | $1,634 | $2,075 |
Source: Ownwell