Wikieup, Arizona Property Taxes
The median property tax rate in Wikieup, AZ is 0.49%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Wikieup at $103,242, the typical annual property tax bill reaches $551, well below the national median of $2,690. Property taxes in Wikieup 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 Wikieup'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 Wikieup 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
Wikieup, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$506
Ownwell’s Wikieup Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wikieup with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wikieup 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 Wikieup, Arizona
Property taxes in Wikieup, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wikieup is 0.49%, which is below the U.S. national median of 0.99%. Local government entities within Wikieup set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wikieup 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 Wikieup's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 85360 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Wikieup 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 Wikieup Tax Rate
0.49%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wikieup, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85360 | 0.34% | 0.42% | 0.49% | 0.63% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Wikieup, Arizona
In Wikieup, 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. In Wikieup, 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 Wikieup 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 $551, found in the zip code 85360.
Average Wikieup Assessed Value
$103,242
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 Wikieup, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85360 | $35,314 | $56,131 | $103,242 | $176,837 | $256,918 |
Source: Ownwell
Property Tax Bills Across Wikieup, Arizona
In Wikieup, located in Mohave County, AZ, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor's office and is a percentage of the property's market value. Factors such as property size, location, and any improvements can influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Wikieup, the median home price stands at $103,242. Property tax bills can vary significantly, with the 25th percentile tax bill at $337 and the 75th percentile reaching $771. At the 90th percentile, homeowners might see a tax bill as high as $1,087. This variation is due to differences in property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Mohave County's rates offer a relatively affordable tax burden for homeowners, making it an attractive option for those looking to manage their property expenses effectively.
Average Wikieup Tax Bill
$551
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Wikieup, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85360 | $192 | $337 | $551 | $771 | $1,087 |
Source: Ownwell