Golden Valley, Arizona Property Taxes
The median property tax rate in Golden Valley, AZ is 0.64%, slightly higher than the Arizona state median of 0.56% but lower than the national median of 0.99%. With a median home value of $93,484, the typical annual property tax bill in Golden Valley reaches $573, which is significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Golden Valley'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 Golden Valley or another part of Mohave County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golden Valley, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$598
$555
Ownwell’s Golden Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden Valley 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 Golden Valley, Arizona
Property taxes in Golden Valley, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden Valley is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Golden Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden Valley 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 Golden Valley's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86413 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Golden Valley 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 Golden Valley Tax Rate
0.64%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86413 | 0.24% | 0.44% | 0.64% | 0.78% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Golden Valley, Arizona
In Golden Valley, 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'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 Golden Valley, 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 Golden Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $573.00 in zip code 86413, which is also the lowest median tax bill for the region.
Average Golden Valley Assessed Value
$93,484
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 Golden Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86413 | $37,257 | $57,276 | $93,484 | $185,988 | $256,984 |
Source: Ownwell
Property Tax Bills Across Golden Valley, Arizona
In Golden Valley, located in Mohave County, AZ, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is a percentage of the home's market value. For example, with a median home price of $93,484, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $332 annually, while those in the 75th percentile pay about $955. The highest tax bills, in the 90th percentile, can reach up to $1,471. These tax bills are influenced by various factors, including the property's market value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Golden Valley's rates offer a relatively affordable tax environment for homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances effectively.
Average Golden Valley Tax Bill
$573
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86413 | $164 | $332 | $573 | $955 | $1,471 |
Source: Ownwell