Arizona Real Estate Tax

Arizona real estate tax is an important source of revenue for the government of Arizona. The real estate tax in Arizona is also known as property tax or real property tax. In the state of Arizona, real estate taxes are imposed both on personal properties and real properties. The taxation authorities in Arizona fix the tax rates based on the whole amount of the appraised value of a real estate.

The real estate tax rates in Arizona differ from one location to another to a considerable extent. The local tax assessors in Arizona carry out the appraisal process of residential properties, which are occupied by the owners and for that purpose, they implement either of the two following methods:

Sales analysis

Replacement cost less depreciation

The method is selected by the tax assessor according to various technical circumstances, for example, correctness of the method and figures of sales that are obtainable for analysis in any particular region.

Property tax in Arizona is also levied on personal properties. In Arizona, personal properties refer to any property excluding real estate.

Personal properties, which are taxed in Arizona, include the following:

• Property utilized for commercial purposes
• Property utilized for agricultural or farming purposes
• Property utilized for industrial purposes

In this context, personal property is regarded as movable assets, which are not perpetually connected or bonded with real estate.

The 1st October is the due date for the payment of personal property tax in Arizona. If the amount of tax is more than $100, 50% of the amount is due on 1st October and the remaining portion (50%) of the tax is due on 1st March of the next year.

The state of Arizona levies a tax on automobiles in place of personal property tax, which is known as annual vehicle license tax or VLT.

Contact Details:

Arizona Department of Revenue
1600 W. Monroe
Phoenix, AZ 85007-2650
Tel: 602 716-6843