Prescott Valley, Yavapai County, Arizona Property Taxes

Name: Property Tax Bills Across Prescott Valley, Yavapai County, Arizona
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Prescott Valley, AZ effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Arizona state median of 0.56%. Median Prescott Valley, AZ home value: $381,168. Median annual Prescott Valley, AZ tax bill: $1,676, $724 lower than the national median property tax bill of $2,400. How are property taxes in Yavapai calculated? Property taxes in Prescott Valley, AZ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Prescott Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Prescott Valley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Prescott Valley, Yavapai County, Arizona Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$1,677

$1,556

Ownwell’s Prescott Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Prescott Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Prescott Valley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Yavapai County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Prescott Valley, Yavapai County, Arizona

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation exists because each county, like Yavapai, annually estimates the budget required to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Prescott Valley, located in Yavapai County, has an effective property tax rate of 0.44%, which is notably lower than the national median property tax rate of 1.02%. Within Prescott Valley, the highest median tax rate is found in the 86315 zip code, at 0.46%, while the lowest is in the 86314 zip code, at 0.44%. Compared to other cities in Arizona and the national median, Prescott Valley offers a more affordable property tax environment. This can be particularly appealing for property owners looking to minimize their tax burden while still enjoying the benefits of living in a vibrant community.

Property Tax Rates Across Prescott Valley, Yavapai County, Arizona

Source: Ownwell

0.31%

0.48%

0.66%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Prescott Valley Tax Rate

0.44%

Median Effective Yavapai County Tax Rate

0.44%

Median Effective Arizona Tax Rate

0.56%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Prescott Valley, Yavapai County, Arizona

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
86314	0.35%	0.38%	0.44%	0.49%	0.57%
86315	0.37%	0.43%	0.46%	0.53%	0.56%

Source: Ownwell

Property Tax Assessment Values Across Prescott Valley, Yavapai County, Arizona

When examining property taxes in Prescott Valley, AZ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Yavapai County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Yavapai County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice containing both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Prescott Valley.

For example, the median home price in Prescott Valley is $381,168, with tax bills ranging significantly across the county. Zip code 86315 has the highest median home price at $489,675.

Property Tax Assessment Values Across Prescott Valley, Yavapai County, Arizona

Source: Ownwell

$77,371

$404,221

$731,070

Median Prescott Valley Market Value

$381,168

Median Yavapai County Market Value

$367,324

Median Arizona Market Value

$302,154

Median United States Market Value

$235,294

Property Tax Assessment Values Across Prescott Valley, Yavapai County, Arizona

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
86314	$89,087	$290,872	$353,322	$431,269	$525,444
86315	$342,671	$401,322	$489,675	$607,111	$760,039

Source: Ownwell

Property Tax Bills Across Prescott Valley, Yavapai County, Arizona

In Prescott Valley, located in Yavapai County, AZ, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a fraction of the market value, which is determined periodically by the county assessor. The tax rate is applied to this assessed value, resulting in the property tax bill. Homeowners in Prescott Valley see a range of property tax bills, with the 25th percentile at $1,183 and the 75th percentile reaching $2,264. The highest median tax bill in the area is $2,351 in the 86315 zip code, while the lowest is $1,502 in the 86314 zip code. Compared to the national median property tax bill of $2,400, Prescott Valley's figures show some variability. For homeowners, these property taxes can be significant, affecting monthly budgets and long-term financial planning. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they pay only what is necessary and helping to ease the financial burden of property ownership.

Property Tax Bills Across Prescott Valley, Yavapai County, Arizona

Source: Ownwell

$476

$1,807

$3,138

Median Prescott Valley Tax Bill

$1,676

Median Yavapai County Tax Bill

$1,504

Median Arizona Tax Bill

$1,666

Median United States Tax Bill

$2,400

Property Tax Bills Across Prescott Valley, Yavapai County, Arizona

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
86314	$463	$1,072	$1,502	$1,973	$2,561
86315	$1,349	$1,838	$2,351	$2,880	$3,398

Source: Ownwell