Rimrock, Arizona Property Taxes
The median property tax rate in Rimrock, AZ is 0.45%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $233,111 in Rimrock, the typical annual property tax bill amounts to $988, which is well below the national median of $2,690. Property taxes in Rimrock are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rimrock'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 Rimrock 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
Rimrock, 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 Rimrock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rimrock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rimrock 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 Rimrock, Arizona
Property taxes in Rimrock, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rimrock is 0.45%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Rimrock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rimrock 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 Rimrock's effective property tax rate to other regions in Arizona and the national median. For comparison, the 86335 zip code has both the highest and lowest median property tax rate of 0.45%, illustrating a consistent tax landscape within the area. Understanding how these figures compare with Rimrock 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 Rimrock Tax Rate
0.45%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rimrock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86335 | 0.37% | 0.39% | 0.45% | 0.57% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Rimrock, Arizona
In Rimrock, 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 Rimrock, 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 Rimrock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rimrock is $233,111, with tax bills ranging from $587 at the 25th percentile to $1,794 at the 90th percentile. The zip code 86335 has both the highest and lowest median tax bill at $988.
Average Rimrock Assessed Value
$233,111
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 Rimrock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86335 | $51,157 | $94,791 | $233,111 | $305,850 | $408,681 |
Source: Ownwell
Property Tax Bills Across Rimrock, Arizona
Property tax bills in Rimrock, located in Yavapai County, AZ, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which can fluctuate based on real estate trends and improvements made to the property. In Rimrock, the median home price is $233,111, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $587, while the 75th percentile reaches $1,288, and the 90th percentile goes up to $1,794. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions or deductions. For homeowners, understanding these elements is crucial as property taxes can impact their annual budget and long-term financial planning. Compared to the national median property tax rate of 0.99%, Rimrock's property tax rates offer a competitive landscape, ensuring that homeowners can manage their expenses effectively while enjoying the benefits of property ownership in this region.
Average Rimrock Tax Bill
$988
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Rimrock, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86335 | $301 | $587 | $988 | $1,288 | $1,794 |
Source: Ownwell