Arizona Property Tax Calculator​

How Is Assessed Value Different From Market Value?

Market value refers to what a buyer would likely pay for your home today. It’s influenced by location, condition, and comparable sales in the area — and it’s what you’ll negotiate when buying or selling a home.

Assessed value is used solely for tax purposes and is calculated in Arizona using the two steps mentioned above — LPV multiplied by 10% (the residential assessment ratio).

For example:

• Market value (or Full Cash Value): $400,000
• LPV (capped): $350,000
• Assessed value = $35,000 (10% of LPV)
  Tax bill = Assessed value × local rate

This system helps protect Arizona homeowners from sharp increases in property taxes year-over-year, even in a rising housing market.

When Are Arizona Property Taxes Due?

Property taxes are typically due October 1. However, Arizona law allows property taxes to be paid in two installments on most residential homes.

• First half of taxes: Due October 1, delinquent after November 1
• Second half of taxes: Due March 1 of the following year, delinquent after May 1

If any of the delinquency dates fall on a Saturday, Sunday, or a legal holiday, the due date is extended to 5 p.m. the next business day.

If your mortgage includes an escrow account, your lender will typically handle tax payments on your behalf. Otherwise, payments must be made directly to your county treasurer’s office.

What Do Property Taxes Pay For in Arizona?

Arizona property taxes help fund a variety of essential public services at the local level. These include:

• K–12 public education (including school district bonds and overrides)
• Police and fire protection
• Street and road maintenance
• County and municipal operations
• Library systems and community colleges
• Flood control and special districts

Each local taxing authority — like your county, city, school district, or fire district — sets its own tax rate or levy, which collectively determines your total property tax bill.

What Does It Cost to Buy a Home in Arizona?

How Much House Can You Afford?

Affordability depends on income, debt, credit, and the interest rate environment. Based on a median household income in Arizona of roughly $75,000, many buyers can qualify for a home in the $225,000–$275,000 range using standard affordability guidelines. Dual-income households are often necessary to purchase a median-priced $450,000 home in the Grand Canyon State.

Use HomeLight’s Home Affordability Calculator to estimate what you can comfortably afford based on your financial picture and today’s rates.

What Down Payment Will You Need?

Down payments in Arizona can range from 3% (for FHA or first-time buyer loans) to 20% (for conventional loans without mortgage insurance). In today’s market, many Arizona buyers put down 10%–15%, with the current average being 9.31%.

For a $450,000 home, that means:

• 3% down = $13,500
• 10% down = $45,000
• 15% down = $67,500
• 20% down = $90,000

Try HomeLight’s Down Payment Calculator to explore how different down payment amounts impact your loan and monthly costs.

How Much Are Closing Costs in Arizona?

Buyers in Arizona typically pay 2%–5% of the home’s purchase price in closing costs, which may include:

• Lender fees
• Title insurance
• Appraisal costs
• Prepaid taxes and insurance
• Escrow and recording fees

For a $450,000 home, that means estimated closing costs of $9,000–$22,500. Use HomeLight’s Closing Costs Calculator for a custom estimate based on your purchase price.

How To Find a Trusted Arizona Real Estate Agent

Buying a home in Arizona is a big decision, and having a top agent by your side makes it easier and can help you save money in the long run. A local expert can help you understand tax districts, uncover value in high-growth areas, and negotiate strategically.

HomeLight’s free Agent Match tool analyzes over 27 million transactions and thousands of reviews to connect you with the best agents in your selected buying area based on real performance, not paid placements.

Tell us about your goals and get matched with Arizona agents who know the neighborhoods you’re considering and can guide you from search to close.