Yarnell, Arizona Property Taxes
The median property tax rate in Yarnell, AZ is 0.46%, significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $182,983 in Yarnell, the typical annual property tax bill amounts to $803, well below the national median of $2,690. Property taxes in Yarnell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Yarnell'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 Yarnell 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
Yarnell, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$842
$781
Ownwell’s Yarnell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yarnell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yarnell 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 Yarnell, Arizona
Property taxes in Yarnell, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yarnell is 0.46%, which is lower than both the Arizona state median and the U.S. national median of 0.99%. Local government entities within Yarnell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yarnell 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 Yarnell's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85362 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Yarnell 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 Yarnell Tax Rate
0.46%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yarnell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85362 | 0.38% | 0.40% | 0.46% | 0.51% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Yarnell, Arizona
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Yarnell, 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 Yarnell, 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. The median home price in Yarnell is $182,983. The 25th percentile tax bill is $557, while the 75th percentile tax bill is $1,173, and the 90th percentile tax bill reaches $1,657. The zip code 85362 has the highest and lowest median tax bill of $803. 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 Yarnell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yarnell Assessed Value
$182,983
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 Yarnell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85362 | $66,538 | $114,366 | $182,983 | $255,685 | $373,542 |
Source: Ownwell
Property Tax Bills Across Yarnell, Arizona
In Yarnell, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Yarnell is $182,983. To determine the tax bill, local tax rates are applied to the assessed value. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Yarnell experience a range of property tax bills. For instance, the 25th percentile tax bill is $557, while the 75th percentile tax bill reaches $1,173. At the higher end, the 90th percentile tax bill can go up to $1,657. The median tax bill in Yarnell stands at $803, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances effectively. The property tax system ensures that contributions are proportional to the property's value, impacting homeowners differently based on their property's assessed value.
Average Yarnell Tax Bill
$803
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Yarnell, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85362 | $346 | $557 | $803 | $1,173 | $1,657 |
Source: Ownwell