Property Taxes in Arizona
Arizona's effective property tax rate is 0.44%, ranking #3 out of 50 states (1 = lowest). The median annual property tax paid is $1,707.
Arizona assesses residential property at 10% of its full cash value (Limited Property Value), which keeps effective tax rates well below the national average. The state has a unique Limited Property Value system that caps annual assessment increases, protecting homeowners from sudden tax spikes during periods of rapid appreciation — a critical benefit given how fast Phoenix-area home values have climbed. Maricopa County (Phoenix) and Pima County (Tucson) have different tax rates, with Tucson's slightly higher due to its smaller tax base.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.44%
Median Annual Tax
$1,707
National Rank
#3 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $880 | $73 |
| $300,000 | $1,320 | $110 |
| $400,000 | $1,760 | $147 |
| $500,000 | $2,200 | $183 |
| $750,000 | $3,300 | $275 |
* Based on the average effective rate of 0.44%. Actual rates vary by county and municipality.
Homestead Exemption in Arizona
Up to $250,000
File for the homestead exemption after purchasing your primary residence in Arizona to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
