Kingman, Arizona Property Taxes
The median property tax rate in Kingman, AZ is 0.41%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Kingman at $208,514, the typical annual property tax bill is $685, well below the national median of $2,690. Property taxes in Kingman are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kingman's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kingman 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
Kingman, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$855
$793
Ownwell’s Kingman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingman 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 Kingman, Arizona
Property taxes in Kingman, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingman is 0.41%, significantly lower than both the Arizona state median of 0.72% and the U.S. national median of 0.99%. Local government entities within Kingman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingman 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 Kingman's effective property tax rate to other areas in Mohave County and the national median. For comparison, the 86409 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these areas compare with Kingman 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 Kingman Tax Rate
0.41%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86401 | 0.18% | 0.28% | 0.37% | 0.44% | 0.52% |
| 86409 | 0.23% | 0.35% | 0.51% | 0.72% | 0.84% |
| 86411 | 0.37% | 0.38% | 0.39% | 0.49% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Kingman, Arizona
In Kingman, 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 Kingman, 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 Kingman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Kingman is $838 in zip code 86411, while the lowest is $577 in zip code 86409.
Average Kingman Assessed Value
$208,514
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 Kingman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86401 | $134,277 | $186,140 | $237,349 | $317,780 | $424,403 |
| 86409 | $28,125 | $48,016 | $170,880 | $240,648 | $310,641 |
| 86411 | $33,175 | $43,184 | $212,507 | $440,080 | $519,770 |
Source: Ownwell
Property Tax Bills Across Kingman, Arizona
In Kingman, located in Mohave County, AZ, property tax bills are determined based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Kingman, the median home price stands at $208,514. Factors influencing the tax bill include the home's location, property size, and any applicable exemptions or deductions. For instance, homeowners in zip code 86411 face the highest median tax bill at $838, while those in zip code 86409 experience a lower median tax bill of $577. The range of tax bills varies significantly, with the 25th percentile at $374 and the 75th percentile reaching $1,192, highlighting the disparities based on specific property characteristics and exemptions. These tax obligations impact homeowners by contributing to local services such as schools, infrastructure, and public safety, making it essential to understand how these bills are calculated and managed.
Average Kingman Tax Bill
$685
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingman, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86401 | $290 | $496 | $778 | $1,339 | $1,761 |
| 86409 | $170 | $282 | $577 | $1,043 | $1,413 |
| 86411 | $212 | $334 | $838 | $1,595 | $1,933 |
Source: Ownwell