86315 Property Tax Rate

Property owners in ZIP code 86315 (Prescott Valley, Arizona) pay a median of $2,494/year in property taxes on homes valued at $504,500. This translates to an effective tax rate of 0.49%, which is 8% below the Arizona state average of 0.54%.

The monthly property tax burden for a median-valued home in 86315 is approximately $208, which factors into escrow payments on mortgages. This ZIP code is located within Yavapai County. This is $783 more than the Arizona average of $1,711/year.

Compared to similar ZIP codes in Arizona, 86315 has higher property taxes. ZIP codes with similar effective rates include 85193 (0.49%) and 85286 (0.50%).

In Prescott Valley, property taxes represent approximately 2.6% of the median household income of $96,236, 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.