Yuma, Arizona Property Taxes
The median property tax rate in Yuma, AZ is 0.89%, which is lower than the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With the median home value in Yuma at $139,902, the typical annual property tax bill amounts to $1,105, falling below the national median of $2,690. Property taxes in Yuma are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Yuma'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 Yuma 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
Yuma, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,245
$1,155
Ownwell’s Yuma Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Yuma. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Yuma to provide an accurate estimate of your property tax bill. This tool is essential for understanding potential tax liabilities and planning your finances accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Yuma, Arizona
Property taxes in Yuma, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yuma is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Yuma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yuma 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 Yuma's effective property tax rate to other areas in Arizona and the national median. For comparison, the 85365 zip code has the highest median property tax rate of 0.98%, while the 85350 zip code has the lowest median tax rate of 0.69%. Understanding how these areas compare with Yuma provides valuable insights into the varying tax landscape across Yuma County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yuma Tax Rate
0.89%
Average Yuma County Tax Rate
0.88%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yuma, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85350 | 0.65% | 0.67% | 0.69% | 0.74% | 0.77% |
| 85364 | 0.56% | 0.72% | 0.88% | 1.01% | 1.10% |
| 85365 | 0.71% | 0.83% | 0.98% | 1.11% | 1.23% |
| 85367 | 0.67% | 0.74% | 0.82% | 0.90% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Yuma, Arizona
In Yuma, 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 Yuma 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 Yuma, 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 instance, the median home price in Yuma is $139,902, with tax bills ranging from $511 at the 25th percentile to $2,695 at the 90th percentile. Zip code 85365 has the highest median tax bill at $1,205, while zip code 85367 has the lowest at $894. 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 Yuma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yuma Assessed Value
$139,902
Average Yuma County Assessed Value
$140,081
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yuma, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85350 | $8,143 | $10,756 | $15,111 | $15,588 | $15,874 |
| 85364 | $13,458 | $98,200 | $147,658 | $207,086 | $289,378 |
| 85365 | $15,199 | $39,610 | $142,518 | $221,570 | $319,902 |
| 85367 | $46,281 | $67,271 | $113,063 | $210,832 | $282,338 |
Source: Ownwell
Property Tax Bills Across Yuma, Arizona
In Yuma, AZ, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For instance, if the median home price in Yuma is $139,902, the assessed value is a fraction of this figure. The property tax rate is then applied to the assessed value to calculate the tax bill. Several factors influence the tax bill, including property location, the specific tax rate for the area, and any applicable exemptions. In Yuma, the tax bill can vary significantly, with the 25th percentile at $511 and the 75th percentile reaching $1,841. The highest median tax bill in the city is $1,205 in the 85365 zip code, while the lowest median tax bill is $894 in the 85367 zip code. These property tax bills can impact homeowners by affecting their overall housing costs and potentially influencing their decisions about buying or selling property.
Average Yuma Tax Bill
$1,105
Average Yuma County Tax Bill
$1,106
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Yuma, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85350 | $60 | $74 | $97 | $104 | $108 |
| 85364 | $132 | $581 | $1,174 | $1,794 | $2,743 |
| 85365 | $162 | $373 | $1,205 | $2,001 | $2,976 |
| 85367 | $368 | $555 | $894 | $1,647 | $2,263 |
Source: Ownwell