Humboldt, Arizona Property Taxes
The median property tax rate in Humboldt, AZ is 0.42%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Humboldt, the typical annual property tax bill reaches $697, significantly less than the national median of $2,690. Property taxes in Humboldt are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Humboldt'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 Humboldt 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
Humboldt, 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 Humboldt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Humboldt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Humboldt 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 Humboldt, Arizona
Property taxes in Humboldt, Arizona, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Humboldt is 0.42%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Humboldt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Humboldt 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 Humboldt's effective property tax rate to other areas in Arizona and the national median. For comparison, the zip code 86329 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these areas compare with Humboldt 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 Humboldt Tax Rate
0.42%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Humboldt, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86329 | 0.30% | 0.37% | 0.42% | 0.53% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Humboldt, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Humboldt, 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 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 Humboldt, 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 Humboldt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Humboldt is $157,254, with property tax bills ranging from $329 at the 25th percentile to $1,957 at the 90th percentile. The zip code 86329 has the highest and lowest median tax bills, both at $697.
Average Humboldt Assessed Value
$157,254
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 Humboldt, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86329 | $37,952 | $63,074 | $157,254 | $336,476 | $495,970 |
Source: Ownwell
Property Tax Bills Across Humboldt, Arizona
In Humboldt, AZ, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in Humboldt is $157,254. Homeowners in this area can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is around $329, while at the 75th percentile, it rises to approximately $1,311. At the 90th percentile, homeowners might see tax bills as high as $1,957. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. The assessed value is determined by the county assessor and is often a fraction of the market value. The local tax rate is applied to this assessed value to calculate the final tax bill. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for Humboldt residents.
Average Humboldt Tax Bill
$697
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Humboldt, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86329 | $152 | $329 | $697 | $1,311 | $1,957 |
Source: Ownwell