Kirkland, Arizona Property Taxes
The median property tax rate in Kirkland, AZ is 0.50%, notably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value in Kirkland of $134,526, the typical annual property tax bill amounts to $690, significantly less than the national median of $2,690. Property taxes in Kirkland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kirkland'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 Kirkland or another part of Yavapai County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kirkland, 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 Kirkland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirkland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirkland 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 Kirkland, Arizona
Property taxes in Kirkland, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirkland is 0.50%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Kirkland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirkland 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 Kirkland's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86332 zip code has the highest median property tax rate of 0.50%, while the 86332 zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Kirkland 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 Kirkland Tax Rate
0.50%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirkland, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86332 | 0.30% | 0.38% | 0.50% | 0.63% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Kirkland, Arizona
In Kirkland, 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. Assessment notices in Kirkland 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 Kirkland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kirkland is $134,526, with tax bills ranging from $384 at the 25th percentile to $1,700 at the 90th percentile. The zip code 86332 has the highest and lowest median tax bill at $690.
Average Kirkland Assessed Value
$134,526
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 Kirkland, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86332 | $36,397 | $68,461 | $134,526 | $278,718 | $411,962 |
Source: Ownwell
Property Tax Bills Across Kirkland, Arizona
Property tax bills in Kirkland, Yavapai County, AZ, are calculated based on the assessed value of a property, which is a percentage of its market value. The process begins with the county assessor determining the market value of a property. This value is then multiplied by the assessment ratio to arrive at the assessed value. The assessed value is further multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. For homeowners in Kirkland, the median home price is $134,526. Property tax bills can vary significantly, with the 25th percentile at $384 and the 75th percentile at $1,106. The 90th percentile tax bill can go up to $1,700. Compared to the national median property tax rate of 0.99%, Kirkland offers relatively affordable property taxes, making it an attractive location for homeowners looking for lower tax burdens.
Average Kirkland Tax Bill
$690
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirkland, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86332 | $225 | $384 | $690 | $1,106 | $1,700 |
Source: Ownwell