Arizona

Arizona has an effective property tax rate of 0.55%, with a median annual property tax of $1,898. Properties are assessed at 10.0% of market value and reassessed annual (notices mailed by march 1). Payments are due semi-annual.

Effective Rate

0.55%

Assessment Ratio

10.0%

Median Annual Tax

$1,898

Payment Frequency

Semi-Annual

Appeal Deadline

Within 60 days of assessment notice or by the deadline set by county assessor (typically April-May)

Due Dates

First half due October 1; second half due March 1

Reassessment Cycle

Annual (notices mailed by March 1)

Homestead Exception

$150,000 equity protection (bankruptcy); no general property tax exemption, but seniors/disabled may qualify for property tax deferral

Key Notes

Assessment ratio is 10% for residential (owner-occupied) and 15-18% for commercial. Tax lien certificate state. Proposition 117 caps annual assessed value increases at 5%.

Late Penalty

16% annual interest on delinquent taxes

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