Bagdad, Arizona Property Taxes
The median property tax rate in Bagdad, AZ is 0.40%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $159,341 in Bagdad, the typical annual property tax bill amounts to $663, which is well below the national median of $2,690. Property taxes in Bagdad are based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Bagdad's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Bagdad or elsewhere in Yavapai County, gaining insight into the local property tax system is crucial for managing expenses effectively.
Last Updated June 14, 2024
Bagdad, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$637
$591
Ownwell’s Bagdad Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bagdad with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bagdad 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 Bagdad, Arizona
Property taxes in Bagdad, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bagdad is 0.40%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Bagdad set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bagdad 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 Bagdad's effective property tax rate to other counties in Arizona and the national median. For comparison, the highest median property tax rate in the region is 0.73%, while the lowest median tax rate is 0.29%. Understanding how these cities compare with Bagdad provides valuable insights into the varying tax landscape across Yavapai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bagdad Tax Rate
0.40%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bagdad, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86321 | 0.38% | 0.39% | 0.40% | 0.48% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Bagdad, Arizona
In Bagdad, 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 Yavapai 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 Bagdad, 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 Bagdad helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bagdad is $159,341, with median tax bills ranging from $579 at the 25th percentile to $1,561 at the 90th percentile. The zip code 86321 has both the highest and lowest median tax bill, which is $663.
Average Bagdad Assessed Value
$159,341
Average Yavapai County Assessed Value
$367,324
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bagdad, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86321 | $93,058 | $144,641 | $159,341 | $193,022 | $325,959 |
Source: Ownwell
Property Tax Bills Across Bagdad, Arizona
Property tax bills in Bagdad, Yavapai County, AZ, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. For example, if the median home price in Bagdad is $159,341, the assessed value would be a fraction of this amount, depending on the local assessment rate. Several factors influence the final tax bill, including the specific assessment ratio, local tax rates, and any applicable exemptions or deductions. Homeowners in Bagdad can expect varying tax bills, with the 25th percentile at $579 and the 75th percentile at $774. The 90th percentile tax bill can reach up to $1,561. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, property taxes in Bagdad can be considered moderate, impacting homeowners' annual budgets and overall cost of living.
Average Bagdad Tax Bill
$663
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Bagdad, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86321 | $446 | $579 | $663 | $774 | $1,561 |
Source: Ownwell