85940 Property Tax Rate

Property owners in ZIP code 85940 (Vernon, Arizona) pay a median of $1,482/year in property taxes on homes valued at $236,200. This translates to an effective tax rate of 0.63%, which is 16% above the Arizona state average of 0.54%.

The monthly property tax burden for a median-valued home in 85940 is approximately $124, which factors into escrow payments on mortgages. This ZIP code is located within Apache County. This is $229 less than the Arizona average of $1,711/year.

Compared to similar ZIP codes in Arizona, 85940 has higher property taxes. ZIP codes with similar effective rates include 85350 (0.63%) and 85118 (0.63%).

In Vernon, property taxes represent approximately 2.3% of the median household income of $63,582, providing context for the relative tax burden on homeowners in this area.

Arizona taxes owner-occupied primary residences at a 10% assessment ratio versus 18% for other property types, delivering meaningful tax savings from day one of ownership. Apache County's Senior Valuation Protection program limits annual value increases for qualifying seniors 65+ in their primary residence — contact the Apache County Assessor to learn income and residency requirements. File your owner-occupied primary residence declaration with the Apache County Assessor's office within 30 days of closing to ensure you receive the lower 10% assessment ratio on your property.