Bellemont, Arizona Property Taxes
The median property tax rate in Bellemont, AZ is 0.58%, slightly higher than the state median of 0.56% but still lower than the national median of 0.99%. With the median home value in Bellemont at $348,260, the typical annual property tax bill amounts to $2,173, which is below the national median of $2,690. Property taxes in Bellemont are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bellemont'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 Bellemont or another part of Coconino County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellemont, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,020
Ownwell’s Bellemont Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bellemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellemont to provide an estimate of your property tax bill. This valuable 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 Bellemont, Arizona
Property taxes in Bellemont, Arizona, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellemont is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Bellemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellemont 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 Bellemont's effective property tax rate to other areas in Coconino County and the national median. For comparison, the zip code 86015 has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these areas compare with Bellemont provides valuable insights into the varying tax landscape across Coconino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellemont Tax Rate
0.58%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellemont, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86015 | 0.44% | 0.53% | 0.58% | 0.62% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Bellemont, Arizona
In Bellemont, 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 Coconino 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 Bellemont, 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 Bellemont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Bellemont are both $2,173, found in zip code 86015.
Average Bellemont Assessed Value
$348,260
Average Coconino County Assessed Value
$335,366
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellemont, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86015 | $67,482 | $225,881 | $348,260 | $399,558 | $453,159 |
Source: Ownwell
Property Tax Bills Across Bellemont, Arizona
In Bellemont, Coconino County, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. This assessed value is a percentage of the market value of the property. Homeowners in Bellemont experience property tax bills that vary widely depending on the valuation of their homes. For instance, the tax bill at the 25th percentile is $1,402, while at the 75th percentile, it rises to $2,435. At the 90th percentile, homeowners can expect to pay up to $2,782. These tax bills are influenced by various factors, including the home's market value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Bellemont’s rates can be seen as moderate. Such variations in tax bills significantly impact homeowners' annual expenses, affecting their overall financial planning and homeownership costs. The highest and lowest median tax bills in Bellemont are both $2,173, highlighting a relatively consistent tax environment within the ZIP code 86015.
Average Bellemont Tax Bill
$2,173
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellemont, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86015 | $1,036 | $1,402 | $2,173 | $2,435 | $2,782 |
Source: Ownwell