Example of Mohave County Property Tax Calculation
Mohave County property taxes are calculated based on the assessed value of the property. To determine the assessed value, the county assessor assesses the property's market value based on recent sales of similar properties in the area. Once the assessed value is determined, the county applies a tax rate to calculate the property tax bill.
For example, if a home in Mohave County has an assessed value of $150,000 and the tax rate is 1.5%, the property tax bill would be $2,250 ($150,000 x 0.015). It's important to note that property tax rates can vary by location within the county and can be affected by factors such as school district and special assessments.
In summary, Mohave County property taxes are calculated by assessing the property's value and applying a tax rate. The final tax bill amount varies based on the assessed value and the specific tax rate for that location.
If you want appeal your property tax assessment - contact your local tax assessor.
Mohave County Property Tax Rates
The following table displays the Mohave County Property Tax rates in a clear and easy-to-read format. The rates are listed per $100 of assessed value, and are current as of 2021:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.8055 |
| School District | $4.1245 |
| City/Town | Varies by location |
| Special Districts (Fire, Water, etc.) | Varies by district |
It's important to note that the city/town tax rates vary depending on the specific location within Mohave County. Additionally, the rates for special districts, such as fire or water, will vary based on the specific district in which the property is located. As a tax advisor, it's important to advise clients to consult with local authorities for more specific information regarding their property tax rates.
Who sets property tax rates in Mohave County ?
Mohave County's property tax rates are set by the Mohave County Board of Supervisors. This is done annually during a public hearing, typically held in August or September. The Board reviews the County's budget and determines the tax rate necessary to fund services and programs for the upcoming fiscal year. The tax rate is calculated based on the assessed value of a property and is typically expressed as a percentage of that value. Property owners in Mohave County can find information about their specific property tax rate on the County's website or by contacting the County Assessor's Office.
When is Mohave County Property Tax due ?
According to Mohave County's official website, property taxes are typically due on October 1st of each year. However, taxpayers have the option to pay in two installments: the first half is due on October 1st and becomes delinquent after November 1st, while the second half is due on March 1st of the following year and becomes delinquent after May 1st.
There are several methods for making property tax payments in Mohave County, including:
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Online payments: Taxpayers can pay their property taxes online using a credit card, debit card, or electronic check through the Mohave County Treasurer's website.
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Mail-in payments: Taxpayers can send a check or money order through the mail to the Mohave County Treasurer's office. The mailing address can be found on the tax bill.
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In-person payments: Taxpayers can visit the Mohave County Treasurer's office and pay with cash, check, or credit card.
It's important to note that there may be additional fees or restrictions associated with certain payment methods. Taxpayers should check with the Mohave County Treasurer's office for more information.
If you have more questions - contact your local tax collector.
Homestead exemptions in Mohave County ?
To help residents in Mohave County, Arizona understand the various Homestead exemptions and deductions available to them, here is a table with four columns: Exemption, Eligibility, Amount, and Notes. Each column provides specific information about the various Homestead exemptions and deductions available in Mohave County.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must be a full-time Arizona resident and occupy the property as their primary residence as of January 1st of the tax year | Up to $3,000 | This exemption applies to all county residents |
| Senior Citizen's and Disabled Person's Exemption | Must be 65 or older or totally disabled as of January 1st of the tax year and occupy the property as their primary residence | Up to $3,000 | This exemption is available to qualifying seniors and disabled persons in all counties, including Mohave County |
| Widowed Person's Exemption | Must have lost their spouse in the previous or current tax year and occupy the property as their primary residence | Up to $3,000 | This exemption is available to qualifying widows or widowers in all counties, including Mohave County |
| Veterans Exemptions | Must be a qualifying veteran as defined by Arizona law and have been honorably discharged from military service | Up to $3,000 | This exemption is available to qualifying veterans in all counties, including Mohave County |
| Additional Exemptions | Various exemptions for disabled veterans, surviving spouses and dependents of military personnel killed in action, and others | Varies | Residents should consult with the Mohave County Assessor's office for specific eligibility requirements and amounts |
It is important to note that each exemption has specific eligibility requirements and may have an application process. Mohave County residents should consult with the Mohave County Assessor's office for more information on how to apply for Homestead exemptions and deductions.
How is Mohave County Property Tax penalty calculated ?
Mohave County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes on time, they may face penalties that increase the amount owed. The penalty is calculated based on the following formula:
Delinquent Tax Amount x Penalty Rate x Number of Delinquent Months = Penalty Amount
- Delinquent Tax Amount: The amount of property taxes that are overdue.
- Penalty Rate: The rate at which the penalty is calculated. In Mohave County, the penalty rate is 16% per annum, which is broken down into 1.33% per month.
- Number of Delinquent Months: The number of months the taxes have been delinquent.
For example, let's say a property owner in Mohave County owes $5,000 in property taxes due on January 1, 2021. If they fail to pay by the deadline, they would owe a penalty as follows:
- February 1, 2021: 1.33% penalty = $66.50
- March 1, 2021: 2.66% penalty = $133
- April 1, 2021: 3.99% penalty = $199.50
- May 1, 2021: 5.32% penalty = $266
- June 1, 2021: 6.65% penalty = $332.50
- July 1, 2021: 7.98% penalty = $399
- August 1, 2021: 9.31% penalty = $465.50
- September 1, 2021: 10.64% penalty = $532
- October 1, 2021: 11.97% penalty = $598.50
- November 1, 2021: 13.30% penalty = $665
- December 1, 2021: 14.63% penalty = $731.50
- January 1, 2022: 15.96% penalty = $798
- February 1, 2022: 16% penalty = $800
If the property owner still fails to pay the delinquent taxes and penalties by February 1, 2022, they could face further legal action, such as a tax lien or even foreclosure. It's important to stay up-to-date on property tax deadlines and avoid any unnecessary penalties.
We recommend contacting the Mohave County Tax Office or a local tax professional for the most up-to-date and accurate information.