Free property tax calculator tailored for Arizona (AZ). Calculate instantly with state-specific rates and rules.
Arizona has an effective property tax rate of 0.62%, producing an average annual bill of $1,648. The US national average is 1.07% — Arizona's rate is below, placing it at rank #13 out of 50 states (rank 1 = lowest).
Arizona assesses residential property at 10% of full cash value (FCV). The Limited Property Value (LPV) — the taxable value — cannot increase by more than 5% per year regardless of market appreciation.
No traditional homestead exemption, but owner-occupied primary residences receive the 10% assessment ratio versus 18% for commercial. A $4,476 exemption is available for disabled veterans and widows/widowers.
The 5% annual LPV cap is one of Arizona's strongest taxpayer protections, shielding owners during rapid appreciation cycles like 2020-2023.
During Arizona's historic housing boom, the LPV cap meant many homeowners' tax bills rose only modestly even as values doubled. Newer purchasers pay taxes on higher assessed values.
The median home value in Arizona is $320,000. Phoenix metro saw among the largest gains in the US 2020-2022, up 50%+, followed by a 2023 correction. Values have stabilized around 2022 peaks. At the 0.62% effective rate, a homeowner at the median value pays roughly $1,648/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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