Mayer, Arizona Property Taxes
The median property tax rate in Mayer, AZ is 0.52%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Mayer, the typical annual property tax bill reaches $476, significantly less than the national median of $2,690. Property taxes in Mayer 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 Mayer'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 Mayer or another part of Yavapai County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mayer, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$402
$373
Ownwell’s Mayer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mayer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mayer 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 Mayer, Arizona
Property taxes in Mayer, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mayer is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Mayer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mayer 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 Mayer's effective property tax rate to other areas in Yavapai County and the national median. For comparison, the 86333 zip code has both the highest and lowest median property tax rate of 0.52%. Understanding how these areas compare with Mayer 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 Mayer Tax Rate
0.52%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mayer, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86333 | 0.33% | 0.38% | 0.52% | 0.70% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Mayer, Arizona
In Mayer, 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'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 Mayer, 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. For example, the median home price in Mayer is $77,371, with the 25th percentile tax bill at $257 and the 75th percentile at $892, while the 90th percentile tax bill reaches $1,362. The highest and lowest median tax bills in the area are both $476, found in the 86333 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Mayer Assessed Value
$77,371
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 Mayer, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86333 | $26,524 | $43,394 | $77,371 | $232,119 | $332,175 |
Source: Ownwell
Property Tax Bills Across Mayer, Arizona
In Mayer, located in Yavapai County, AZ, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Mayer is $77,371, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors considered in the calculation include the home's market value, local tax rates, and any applicable exemptions or deductions. For instance, homeowners in Mayer can expect a property tax bill ranging from $257 at the 25th percentile to $1,362 at the 90th percentile. The median tax bill in the area is $476, consistent across the zip code 86333. This can significantly impact homeowners, as property taxes are a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, Mayer's property tax rate offers a relatively affordable option for homeowners, making it an attractive location for those looking to manage their living expenses effectively.
Average Mayer Tax Bill
$476
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Mayer, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86333 | $141 | $257 | $476 | $892 | $1,362 |
Source: Ownwell