How Are Phoenix Property Taxes Calculated

Phoenix property taxes are determined by multiplying the assessed value of the property by the property tax rate. The assessed value is determined by the Maricopa County Assessor’s Office and is based on the property’s market value. The property tax rate is set by the city of Phoenix and is used to fund city services such as police, fire, and libraries. Homeowners can request a lower assessed value through the appeals process, which must be filed with the Maricopa County Assessor’s Office within 60 days of receiving the notice of the assessed value.
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Assessment Rates and Exemptions

In Phoenix, the valuation of your property for tax purposes is determined by a process called assessment. The Maricopa County Assessor’s Office conducts assessments, which typically occur every two years.

Assessment Rates

  • Residential Properties: 10% of the property’s full cash value
  • Commercial Properties: 18% of the property’s full cash value
  • Industrial Properties: 10% of the property’s full cash value


Certain types of properties and individuals may qualify for property tax exemptions, which can reduce the amount of taxes owed. These include:

  • Homestead Exemption: Owner-occupied homes may be eligible for a total exemption up to $2,500 of assessed value.
  • Senior Citizen/Disabled Exemption: Individuals over 65 or with disabilities may qualify for an exemption up to $3,000 of assessed value.
  • Veteran’s Exemption: Veterans and their surviving spouses may be eligible for an exemption up to $4,000 of assessed value.

Property Tax Calculation

Once your property’s assessed value has been determined and any applicable exemptions have been applied, your property tax bill is calculated as follows:

Tax RateTaxing Entity
1.25%Maricopa County
0.75%City of Phoenix
0.25%Phoenix Union High School District
VariableLocal Special Districts


Residence with assessed value of $250,000 (10% assessment rate) = $25,000 assessed value

$25,000 assessed value – $2,500 homestead exemption = $22,500 taxable value

$22,500 taxable value x 1.25% county tax rate = $281.25 county property tax

Tax Levies

Each taxing jurisdiction determines its own tax levy or rate. This levy, expressed in dollars per $100 of assessed value, is then used to calculate the property tax due on each property within that jurisdiction.

Tax Rates

The tax rate for a property is determined by the assessed value of the property and the tax levy set by the local government. The assessed value is an estimate of the market value of the property, and is typically determined by a county assessor.

  • The tax rate is then multiplied by the assessed value of the property to determine the annual property tax bill.
Taxing JurisdictionTax Levy ($ per $100 Assessed Value)
City of Phoenix$0.786
Maricopa County$0.867
State of Arizona$0.248

For example, if the assessed value of your property is $200,000 and the tax rate is $1 per $100 of assessed value, your annual property tax bill would be $2,000.

Property Tax Calculation in Phoenix

Phoenix property taxes are calculated based on the following formula:

Property Tax = Assessed Property Value × Tax Rate (in decimal form)

The assessed property value is determined by the Maricopa County Assessor’s Office, which evaluates your property annually to estimate its market value. The tax rate, on the other hand, is set by the city and county government and includes various components, such as the base rate, bond rates, and special assessments.

Here’s a table summarizing the components of the Phoenix property tax rate:

City of Phoenix Base Rate1.047%
Maricopa County Base Rate0.554%
City of Phoenix Excess Levy RatesVaries by neighborhood
City of Phoenix Special AssessmentsVaries by property
Maricopa County Excess Levy RatesVaries by area
Maricopa County Special AssessmentsVaries by property

Payment and Deadlines

  • Property taxes in Phoenix are typically billed twice a year, with due dates in October and March.
  • Payments can be made online, by mail, or via the Maricopa County Treasurer’s Office.
  • Missed payments may incur penalties and interest charges.

Thanks for sticking with me while we dove into the world of Phoenix property taxes. I know it’s not the most glamorous topic, but it’s essential knowledge for any homeowner or aspiring homeowner. If you have any lingering questions or want to stay up-to-date with all things property tax-related, be sure to revisit my eloquent prose in the future. Until then, keep your property taxes in check and your pockets overflowing with cash. Cheers!