Arizona Property Tax

Effective Property Tax Rate

51.77%

Median Annual Tax

$1,858

Median Home Value

$358,900

Arizona Property Tax Overview

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Key Statistics (2026)

Metric	Value
Median home value	$358,900
Average effective property tax rate	0.52 %
Median annual property tax	$1,858
National average effective tax rate	0.97 %
Arizona’s position vs. national average	46.5 % lower; ranked 7th of 52 states/territories for lowest effective rate

Source: According to the U.S. Census Bureau's American Community Survey (ACS) (5‑year estimates, 2023).

Sample Property Tax Bills

Home Value	Approximate Annual Property Tax*
$250,000	$1,294
$500,000	$2,589

*Calculated by applying the average effective Arizona property tax rate of 0.52 % to the listed home values.

How Arizona Property Tax Rates Are Determined

Effective tax rate: The effective rate is the total tax bill divided by the market value of the property. Arizona’s average effective rate of 0.52 % reflects the combined rates of state, county, and local taxing entities.
County variation: Property tax rates can differ among Arizona’s 15 counties because each county sets its own millage rates for services such as schools, fire protection, and infrastructure. For example, Maricopa County’s average millage may be higher than that of Apache County.
Assessment practices: Arizona assesses property values at market value, and the assessed value is used directly to calculate the tax liability. No statewide assessment ratio reduces the taxable value.

Comparison to the National Average

Effective rate: Arizona’s 0.52 % effective property tax rate is 46.5 % lower than the national average effective rate of 0.97 % (U.S. Census Bureau data).
Ranking: This places Arizona in the lower‑tax tier among U.S. states and territories, ranking 7th out of 52.

Implications for Specific Property Owners

Retirees

Tax burden: The relatively low effective rate reduces the annual cash outlay for homeowners on fixed incomes.
Exemptions: Arizona offers a senior property tax exemption that can further lower the tax bill for qualifying residents (typically based on age and income thresholds).

Landlords / Rental Property Owners

Operating costs: Lower property tax rates can reduce the overall cost of owning rental units, potentially improving cash flow.
Local variations: Landlords should verify county‑specific millage rates, as higher‑tax counties may affect profitability.

The information above reflects statutory rates and typical exemptions; individual circumstances may vary.

Frequently Asked Questions

1. What is the “effective” property tax rate?
The effective property tax rate is the total property tax paid divided by the market value of the property, expressed as a percentage. It provides a comparable measure across jurisdictions that have different assessment practices and millage structures.

2. How often are property values reassessed in Arizona?
Arizona generally reassesses property values on a triennial (every three years) cycle, though some counties may conduct annual updates for certain property types.

3. Are there additional taxes or fees that affect the total cost of home ownership?
Yes. In addition to the base property tax, owners may incur special assessments, school district fees, or municipal utility charges that are levied separately. These amounts vary by locality and are not included in the effective tax rate calculation.

All figures are based on the most recent ACS estimates (2026) and reflect average conditions across the state of Arizona.

Neighboring States