Fort Mohave, Arizona Property Taxes
The median property tax rate in Fort Mohave, AZ is 0.54%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Fort Mohave at $257,229, the typical annual property tax bill reaches $1,188, significantly below the national median of $2,690. Property taxes in Fort Mohave 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 Fort Mohave'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 Fort Mohave 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
Fort Mohave, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,389
$1,289
Ownwell’s Fort Mohave Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Mohave with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Mohave 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 Fort Mohave, Arizona
Property taxes in Fort Mohave, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Mohave is 0.54%, which is notably lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Fort Mohave set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Mohave 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 Fort Mohave's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86426 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 areas compare with Fort Mohave 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 Fort Mohave 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 Fort Mohave, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86426 | 0.38% | 0.46% | 0.54% | 0.64% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Fort Mohave, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fort Mohave, Arizona. 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. 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 Fort Mohave helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Fort Mohave, the zip code 86426 has both the highest and lowest median tax bill at $1,188.
Average Fort Mohave Assessed Value
$257,229
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 Fort Mohave, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86426 | $63,719 | $125,308 | $257,229 | $331,342 | $408,592 |
Source: Ownwell
Property Tax Bills Across Fort Mohave, Arizona
Property tax bills in Fort Mohave, located in Mohave County, AZ, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor’s office and is a percentage of the property's market value. For homeowners in Fort Mohave, the median home price is $257,229. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. In Fort Mohave, tax bills can vary significantly, with the 25th percentile at $640 and the 75th percentile at $1,682, while the 90th percentile reaches $2,241. These property taxes contribute to local services such as schools, roads, and emergency services, directly affecting homeowners by funding essential community infrastructure and services. Compared to the national median property tax rate of 0.99%, Fort Mohave's tax rates offer a relatively moderate tax environment for its residents.
Average Fort Mohave Tax Bill
$1,188
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Mohave, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86426 | $319 | $640 | $1,188 | $1,682 | $2,241 |
Source: Ownwell