Arizona Property Tax Calculator
Calculate property taxes in Arizona. AZ effective property tax rate is 0.51% with a median home value of $420,000. Includes AZ assessment ratios and exemptions.
Arizona at a Glance
$420,000
Median Home Price
0.51%
Property Tax Rate
$2,000
Avg Home Insurance
$472,030
FHA Loan Limit
Loading calculator
Preparing Arizona Property Tax Calculator...
Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Arizona
The median home price in Arizona is $420,000, which is 0% above the national average of $420,000. Arizona's effective property tax rate of 0.51% is 0.59 percentage points lower than the national average of 1.1%.
| Metric | Arizona (AZ) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $420,000 | $420,000 | +0% |
| Property Tax Rate | 0.51% | 1.1% | -0.59% |
| Home Insurance (Annual) | $2,000 | $2,300 | -13% |
| State Sales Tax | 5.6% | 5% | +0.6% |
| FHA Loan Limit | $472,030 | $472,030 | Standard |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Homeownership in Arizona
Arizona's housing market surged dramatically during 2020-2022, pushing the Phoenix metro median past $450,000, though prices have softened somewhat since. The state's low property tax rate of 0.51% is bolstered by the fact that residential property is assessed at just 10% of full cash value. Arizona has been one of the fastest-growing states by population for over a decade, with migration from California and the Pacific Northwest continuing to support demand.
Tips for Arizona Homebuyers and Homeowners
- Arizona's residential assessment ratio of 10% means your property taxes are calculated on only 10% of the appraised value -- a $420,000 home has a tax base of just $42,000 before exemptions.
- The Maricopa County assessor reassesses properties annually, and values have risen sharply -- appeal your assessed value if it seems out of line with recent comparable sales.
- Home insurance in the Phoenix Valley is moderate around $2,000 per year, but wildland-urban interface properties in Prescott, Flagstaff, or Tucson foothills face higher wildfire surcharges.
- Arizona does not have a state estate tax, making it attractive for retirees relocating from states like Oregon or Washington where estate taxes apply at lower thresholds.
Arizona Programs and Assistance
- Arizona Industrial Development Authority (AZIDA) Home Plus Program -- offers 30-year fixed mortgages with 3-5% down payment assistance as a forgivable grant, available statewide.
- Pathway to Purchase Program -- targets buyers in specific zip codes in the Phoenix and Tucson metros, offering up to $20,000 in down payment assistance.
- Home in Five Advantage Program (Maricopa County) -- provides down payment assistance of 3-5% for buyers in Maricopa County with income up to $112,785.
Did you know? The Phoenix metro area added over 80,000 new residents per year during the early 2020s, making it one of the fastest-growing large metros in the country -- which has fundamentally reshaped the affordability landscape.