Peeples Valley, Arizona Property Taxes
The median property tax rate in Peeples Valley, AZ is 0.56%, aligning with the state median but significantly lower than the national median of 0.99%. With a median home value of $207,880, the typical annual property tax bill in Peeples Valley is $1,051, well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Peeples Valley'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 Peeples Valley 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
Peeples 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 Peeples Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peeples Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peeples 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Peeples Valley, Arizona
Property taxes in Peeples Valley, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Peeples Valley is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Peeples Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peeples 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 Peeples Valley's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86332 zip code has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Peeples 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 Peeples Valley Tax Rate
0.56%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peeples Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86332 | 0.44% | 0.48% | 0.56% | 0.83% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Peeples Valley, Arizona
In Peeples Valley, 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 Appraisal District 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 Peeples 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 Peeples Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 86332 has the highest median tax bill at $1,051, which is well below the national median property tax rate of 0.99%.
Average Peeples Valley Assessed Value
$207,880
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 Peeples Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86332 | $32,990 | $61,498 | $207,880 | $326,588 | $478,067 |
Source: Ownwell
Property Tax Bills Across Peeples Valley, Arizona
In Peeples Valley, Yavapai County, AZ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Factors such as the property's location, size, and condition play a crucial role in determining its market value. Homeowners in Peeples Valley can expect a median home price of $207,880. The tax bill in this area varies widely, with the 25th percentile at $498 and the 75th percentile reaching $1,695. At the 90th percentile, homeowners might see tax bills as high as $2,486. The median tax bill in this region is $1,051, which is comparable to the national median property tax rate of 0.99%. These property taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual expenses and the benefits they receive in return.
Average Peeples Valley Tax Bill
$1,051
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Peeples Valley, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86332 | $265 | $498 | $1,051 | $1,695 | $2,486 |
Source: Ownwell