Valentine, Arizona Property Taxes
The median property tax rate in Valentine, AZ is 0.47%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value in Valentine of $145,918, the typical annual property tax bill is $598, well below the national median of $2,690. Property taxes in Valentine are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Valentine’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 Valentine 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
Valentine, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$686
$636
Ownwell’s Valentine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valentine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valentine 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 Valentine, Arizona
Property taxes in Valentine, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valentine is 0.47%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Valentine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valentine 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 Valentine's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86437 has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Valentine 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 Valentine Tax Rate
0.47%
Average Mohave County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valentine, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86437 | 0.28% | 0.35% | 0.47% | 0.60% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Valentine, Arizona
In Valentine, 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 Valentine, 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. Valentine has a median home price of $145,918, with tax bills ranging from $399 at the 25th percentile to $1,707 at the 90th percentile. The zip code 86437 has both the highest and lowest median tax bill at $598. Being aware of these valuation processes in Valentine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valentine Assessed Value
$145,918
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 Valentine, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86437 | $40,096 | $89,770 | $145,918 | $215,508 | $387,243 |
Source: Ownwell
Property Tax Bills Across Valentine, Arizona
In Valentine, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The median home price in Valentine is $145,918. Property tax rates in Valentine are relatively low compared to the national median property tax rate of 0.99%. The tax bill a homeowner receives can vary significantly. For instance, the 25th percentile tax bill is $399, while the 75th percentile tax bill is $947. Homeowners at the 90th percentile can expect a tax bill as high as $1,707. These variations are influenced by factors such as property size, location, and any applicable exemptions. For homeowners, understanding these factors is crucial as they directly impact the annual property tax bill. With the highest and lowest median tax bills both recorded at $598 in zip code 86437, Valentine residents can anticipate relatively stable and predictable property tax obligations. This stability helps homeowners budget more effectively and contributes to the overall affordability of living in Valentine.
Average Valentine Tax Bill
$598
Average Mohave County Tax Bill
$975
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Valentine, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86437 | $236 | $399 | $598 | $947 | $1,707 |
Source: Ownwell