Chino Valley, Arizona Property Taxes
The median property tax rate in Chino Valley, 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 of $314,006 in Chino Valley, the typical annual property tax bill is around $1,364, far below the national median of $2,690. Property taxes in Chino Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Chino Valley'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 Chino Valley 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
Chino Valley, 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 Chino Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chino Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chino Valley 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 Yavapai County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Chino Valley, Arizona
Property taxes in Chino Valley, Arizona, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chino Valley is 0.47%, lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Chino Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chino Valley 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 Chino Valley's effective property tax rate to other counties in Arizona and the national median. For comparison, the zip code 86323 has the highest median property tax rate of 0.47%, while the lowest median tax rate is also 0.47% in the same zip code. Understanding how these cities compare with Chino Valley 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 Chino Valley Tax Rate
0.47%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chino Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86323 | 0.38% | 0.42% | 0.47% | 0.57% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Chino Valley, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chino Valley, Arizona. 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's Office 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 Chino Valley, 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 Chino Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 86323 has both the highest and lowest median tax bill of $1364.
Average Chino Valley Assessed Value
$314,006
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 Chino Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86323 | $67,353 | $109,996 | $314,006 | $442,076 | $560,048 |
Source: Ownwell
Property Tax Bills Across Chino Valley, Arizona
In Chino Valley, located in Yavapai County, AZ, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value. For homeowners in Chino Valley, the median home price stands at $314,006. Property tax bills in the area can vary significantly, with the 25th percentile tax bill at $655 and the 75th percentile tax bill at $1,957. Those with higher-value properties might see tax bills reaching up to $2,515, which is at the 90th percentile. The median tax bill in the highest and lowest zip codes within Chino Valley is $1,364. Compared to the national median property tax rate of 0.99%, the rates in Chino Valley can present a more manageable burden for homeowners, depending on their property’s assessed value and specific circumstances.
Average Chino Valley Tax Bill
$1,364
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Chino Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86323 | $368 | $655 | $1,364 | $1,957 | $2,515 |
Source: Ownwell