Peach Springs, Arizona Property Taxes
The median property tax rate in Peach Springs, AZ is 0.57%, slightly above the Arizona state median of 0.56% but below the national median of 0.99%. With a median home value of $78,554, the typical annual property tax bill in Peach Springs amounts to $409, significantly lower than the national median of $2,690. Property taxes in Peach Springs are calculated based on the tax assessed value, which is usually less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Peach Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Peach Springs or another part of Mohave County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Peach Springs, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s Peach Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peach Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peach Springs 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 Peach Springs, Arizona
Property taxes in Peach Springs, Arizona, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Peach Springs is 0.57%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Peach Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peach Springs 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 Peach Springs' effective property tax rate to other counties in Arizona and the national median. For comparison, the 86434 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Peach Springs 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 Peach Springs Tax Rate
0.57%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peach Springs, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86434 | 0.42% | 0.45% | 0.57% | 0.67% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Peach Springs, Arizona
In Peach Springs, 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 Peach Springs, 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 Peach Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 86434 has the highest and lowest median tax bill, both at $409.
Average Peach Springs Assessed Value
$78,554
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 Peach Springs, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86434 | $9,788 | $36,530 | $78,554 | $135,755 | $275,707 |
Source: Ownwell
Property Tax Bills Across Peach Springs, Arizona
In Peach Springs, located in Mohave County, AZ, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in the area is $78,554, and the property tax rate is applied to this value to determine your annual tax bill. Factors such as property size, location, and any applicable exemptions are also considered in the calculation. For instance, the 25th percentile tax bill is $252, while the 75th percentile tax bill is $707. The 90th percentile tax bill can go up to $1,180. The highest median tax bill in the area is $409, which is notably lower than the national median property tax rate of 0.99%. This relatively low property tax rate can be a significant financial relief for homeowners, making Peach Springs an attractive option for those looking to minimize their annual property tax expenses. Lower tax bills can also contribute to the overall affordability of owning a home in this region.
Average Peach Springs Tax Bill
$409
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Peach Springs, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86434 | $62 | $252 | $409 | $707 | $1,180 |
Source: Ownwell