Topock, Arizona Property Taxes
The median property tax rate in Topock, AZ is 0.62%, slightly higher than the state median of 0.56% but lower than the national median of 0.99%. With a median home value of $77,606 in Topock, the typical annual property tax bill is $478, which is significantly below the national median of $2,690. Property taxes in Topock are based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Topock'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 Topock 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
Topock, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$481
$447
Ownwell’s Topock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Topock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Topock 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 Mohave County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Topock, Arizona
Property taxes in Topock, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Topock is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Topock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Topock 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 Topock's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86436 has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Topock 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 Topock Tax Rate
0.62%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Topock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86436 | 0.37% | 0.52% | 0.62% | 0.71% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Topock, Arizona
In Topock, 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 Topock, 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 Topock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Topock is $478, with the highest and lowest bills both in the 86436 zip code.
Average Topock Assessed Value
$77,606
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 Topock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86436 | $38,866 | $53,305 | $77,606 | $140,504 | $236,836 |
Source: Ownwell
Property Tax Bills Across Topock, Arizona
In Topock, located in Mohave County, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. For homeowners in Topock, the median home price is $77,606. Property tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in this area can expect a range of property tax bills. At the 25th percentile, the tax bill is around $310, while at the 75th percentile, it rises to $805. For those in the 90th percentile, the tax bill can reach up to $1,309. The highest and lowest median tax bills in Topock are both $478, indicating a relatively consistent tax rate across different properties. These property taxes play a significant role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life and property values in the community.
Average Topock Tax Bill
$478
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Topock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86436 | $194 | $310 | $478 | $805 | $1,309 |
Source: Ownwell