Cordes Lakes, Arizona Property Taxes
The median property tax rate in Cordes Lakes, AZ is 0.48%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Cordes Lakes, the typical annual property tax bill reaches $61, significantly below the national median of $2,690. Property taxes in Cordes Lakes 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 Cordes Lakes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cordes Lakes 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
Cordes Lakes, 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 Cordes Lakes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cordes Lakes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cordes Lakes 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 Yavapai County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cordes Lakes, Arizona
Property taxes in Cordes Lakes, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cordes Lakes is 0.48%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Cordes Lakes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cordes Lakes 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 Cordes Lakes' effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 86333 has the median property tax rate of 0.48%. Understanding how Cordes Lakes compares with other areas 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 Cordes Lakes Tax Rate
0.48%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cordes Lakes, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86333 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Cordes Lakes, Arizona
In Cordes Lakes, 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 Assessor's Office 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 Cordes Lakes, 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 Cordes Lakes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cordes Lakes is $12,822, with the 25th, 75th, and 90th percentile tax bills all standing at $61.
Average Cordes Lakes Assessed Value
$12,822
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 Cordes Lakes, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86333 | $12,822 | $12,822 | $12,822 | $12,822 | $12,822 |
Source: Ownwell
Property Tax Bills Across Cordes Lakes, Arizona
In Cordes Lakes, located in Yavapai County, AZ, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and represents a percentage of the property's market value. For homeowners in Cordes Lakes, the property tax rate is applied to this assessed value to calculate the tax bill. The median home price in Cordes Lakes is $12,822, which is significantly lower than the national median. Despite the low property values, the property tax bills for the 25th, 75th, and 90th percentiles are all $61, indicating a consistent tax rate across different property values. This uniformity can be beneficial for homeowners, providing predictability in their annual expenses. Compared to the national median property tax rate of 0.99%, the property tax burden in Cordes Lakes is relatively modest. This lower tax environment can make homeownership more affordable, potentially attracting new residents looking for cost-effective living options.
Average Cordes Lakes Tax Bill
$61
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Cordes Lakes, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86333 | $61 | $61 | $61 | $61 | $61 |
Source: Ownwell