What You Need To Know About Arizona Property Taxes
So your are researching if Arizona is a great place to purchase your next home. We have great weather, affordable housing and a long list of outdoor activities and entertainment available. There is one other reason why you want to consider Arizona, property taxes.
Arizona ranks 7th lowest state for property taxes in the nation. The effective property tax rate in Arizona is 0.87 so that means if your home is worth $100,000 your property taxes would be $870. The national average tax rate would mean the same $100,000 would bring the property tax amount to $1,190!
Arizona residents are taxed based on Assessed Value, NOT Market Value. You can View A sample Arizona Property Tax Bill Here.