Cane Beds, Arizona Property Taxes
The median property tax rate in Cane Beds, AZ is 0.54%, slightly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Cane Beds, the typical annual property tax bill reaches $1,096, which is below the national median of $2,690. Property taxes in Cane Beds 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 Cane Beds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cane Beds 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
Cane Beds, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$962
Ownwell’s Cane Beds Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cane Beds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cane Beds 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 Cane Beds, Arizona
Property taxes in Cane Beds, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cane Beds is 0.54%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Cane Beds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cane Beds 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 Cane Beds' effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86022 has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these figures compare with Cane Beds 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 Cane Beds Tax Rate
0.54%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cane Beds, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | 0.46% | 0.48% | 0.54% | 0.62% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Cane Beds, Arizona
In Cane Beds, 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 Cane Beds, 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 Cane Beds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cane Beds are both $1,096, located in the 86022 zip code.
Average Cane Beds Assessed Value
$178,237
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 Cane Beds, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | $76,018 | $134,180 | $178,237 | $185,004 | $249,248 |
Source: Ownwell
Property Tax Bills Across Cane Beds, Arizona
In Cane Beds, property tax bills are calculated based on the assessed value of a home, which is determined by the Mohave County Assessor's Office. The assessed value typically represents a percentage of the property's market value. For instance, a home with a median market price of $178,237 will have its assessed value derived from this figure. The property tax rate in Cane Beds is then applied to the assessed value to determine the annual tax bill. Homeowners in Cane Beds can expect a tax bill ranging from $529 at the 25th percentile to $1,606 at the 90th percentile. The median tax bill stands at $1,096, which is slightly above the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property characteristics, local tax rates, and any applicable exemptions. These taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Cane Beds.
Average Cane Beds Tax Bill
$1,096
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Cane Beds, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | $365 | $529 | $1,096 | $1,371 | $1,606 |
Source: Ownwell