Fredonia, Arizona Property Taxes
The median property tax rate in Fredonia, AZ is 2.05%, significantly higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Fredonia at $132,779, the typical annual property tax bill reaches $2,721, surpassing the national median of $2,690. Property taxes in Fredonia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fredonia'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 Fredonia or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredonia, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$2,722
Ownwell’s Fredonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredonia 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 Fredonia, Arizona
Property taxes in Fredonia, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 2.05%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 86022 has both the highest and lowest median property tax rate of 2.05%. Understanding how these areas compare with Fredonia 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 Fredonia Tax Rate
2.05%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | 0.79% | 1.26% | 2.05% | 7.61% | 10.95% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fredonia, AZ. 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 Fredonia, 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 Fredonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fredonia is $132,779, with the highest and lowest median tax bills both at $2,721 in zip code 86022.
Average Fredonia Assessed Value
$132,779
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 Fredonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | $49,583 | $80,782 | $132,779 | $193,136 | $229,349 |
Source: Ownwell
Property Tax Bills Across Fredonia, Arizona
In Fredonia, located in Mohave County, AZ, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate in this region is applied to the assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's condition, location, and recent sales of comparable properties in the area. For homeowners in Fredonia, this means that a median home price of $132,779 results in varying tax bills. The 25th percentile tax bill is $1,966, while the 75th percentile tax bill reaches $3,256. The 90th percentile tax bill is even higher at $3,577. Compared to the national median property tax rate of 0.99%, these figures suggest that property taxes in Fredonia can be significant, impacting homeowners' annual budgets. The highest and lowest median tax bills in the area both stand at $2,721, reflecting a relatively uniform tax burden across different properties.
Average Fredonia Tax Bill
$2,721
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredonia, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86022 | $1,513 | $1,966 | $2,721 | $3,256 | $3,577 |
Source: Ownwell