86314 Property Tax Rate

Property owners in ZIP code 86314 (Prescott Valley, Arizona) pay a median of $1,652/year in property taxes on homes valued at $363,700. This translates to an effective tax rate of 0.45%, which is 16% below the Arizona state average of 0.54%.

The monthly property tax burden for a median-valued home in 86314 is approximately $138, which factors into escrow payments on mortgages. This ZIP code is located within Yavapai County.

Compared to similar ZIP codes in Arizona, 86314 has higher property taxes. ZIP codes with similar effective rates include 86413 (0.45%) and 85022 (0.45%).

In Prescott Valley, property taxes represent approximately 2.5% of the median household income of $67,263, providing context for the relative tax burden on homeowners in this area.

Arizona taxes owner-occupied primary residences at a 10% assessment ratio (vs. 18% for other property types), and your property will be reassessed at purchase price when you buy; Limited Property Value thereafter caps annual increases. The Yavapai County Assessor administers the Senior Valuation Protection program (age 65+, 10+ years residence) and standard owner-occupancy claims — apply within 60 days of closing. File your owner-occupancy classification at the Yavapai County Assessor's office immediately upon closing to secure the 10% assessment rate.