Wellton, Arizona Property Taxes
The median property tax rate in Wellton, AZ is 0.91%, slightly lower than the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With the median home value in Wellton being $56,836, the typical annual property tax bill amounts to $436, which is well below the national median of $2,690. Property taxes in Wellton are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wellton'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 Wellton 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
Wellton, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$517
Ownwell’s Wellton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wellton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellton 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 Wellton, Arizona
Property taxes in Wellton, Arizona, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellton is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Wellton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellton 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 Wellton's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 85356 has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Wellton provides valuable insights into the varying tax landscape across Yuma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wellton Tax Rate
0.91%
Average Yuma County Tax Rate
0.88%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wellton, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85356 | 0.62% | 0.79% | 0.91% | 1.03% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Wellton, Arizona
In Wellton, 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 Yuma 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 Wellton, 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. The median home price in Wellton is $56,836, with tax bills ranging from $171 at the 25th percentile to $1,681 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 85356, with a median tax bill of $436. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wellton Assessed Value
$56,836
Average Yuma County Assessed Value
$140,081
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wellton, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85356 | $11,067 | $17,961 | $56,836 | $132,846 | $180,680 |
Source: Ownwell
Property Tax Bills Across Wellton, Arizona
In Wellton, located in Yuma County, AZ, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. Local tax rates are then applied to this assessed value to determine the final tax bill. For homeowners in Wellton, the median home price is $56,836. The property tax rate in Wellton is relatively low compared to the national median property tax rate of 0.99%. The tax bill for Wellton homeowners varies significantly depending on the assessed value of their property. For instance, the tax bill at the 25th percentile is $171, while at the 75th percentile, it rises to $1,081. At the 90th percentile, it can reach up to $1,681. The highest median tax bill recorded in the area is $436, which is still considerably lower than many other regions across the country. These variations in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Wellton Tax Bill
$436
Average Yuma County Tax Bill
$1,106
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Wellton, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85356 | $108 | $171 | $436 | $1,081 | $1,681 |
Source: Ownwell