Calculate your property tax for AZ. Enter your home value, apply exemptions, and see your estimated annual tax.
Arizona's effective property tax rates are low, commonly 0.5% to 0.8% of market value, because the state's Proposition 117 (2012) caps annual increases in a home's limited property value at 5%, and the primary residence gets a $3,000 exemption. Property is valued at market and at a lower 'limited' value. Relief includes the homestead exemption and a senior/disabled circuit-breaker (the 'Property Tax Rebate'). This guide explains the calculation and relief; the calculator below estimates your bill.
Arizona computes two values: the full cash (market) value and the limited property value (LPV), which can rise no more than 5% per year under Prop 117. The LPV is what is actually taxed (it can never exceed full cash value). Your tax is LPV times the combined primary and secondary tax rates (dollars per $100 of value). The 5% cap means long-term owners are shielded from rapid assessment growth even in a hot market.
Proposition 117 limits the annual growth of the limited property value to 5%, so your taxable base cannot leap with the market. The LPV closes the gap to market value only gradually, and never above it. This is Arizona's version of assessment stability — similar in spirit to Arizona's Prop 13 but a growth cap rather than a base-year freeze.
Arizona grants a homestead exemption of $3,000 of assessed value for an owner-occupied primary residence, reducing the taxable LPV. It is modest but automatic once you certify the home as your primary residence with the county. Arizona also offers a widow/widower and disabled persons' exemption of a set amount.
Arizona's Property Tax Rebate (circuit breaker) refunds part of the tax for owners 65+ (and some disabled persons) with income under a limit (about $45,000–$55,000 household income recently) whose property tax exceeds a set percentage of income. It is claimed on the state income-tax return and scales with burden.
Arizona separates primary taxes (for general operations, subject to budget limits) from secondary taxes (voter-approved bonds, overrides, and special districts). The 5% LPV cap limits the base, while voter-approved secondary levies can still raise the rate — so a passed bond is the main way an Arizona bill increases.
The figures below draw on our county datasets where available; rates differ by jurisdiction, so use your specific locality's rate in the calculator.
Estimates apply each county's effective rate to a $400,000 market value for comparison only; your actual bill depends on your own assessed value, exemptions, and local levies.
Arizona bills are commonly two installments (often October and March); penalties and interest attach to late payment and a tax lien can result from prolonged delinquency. The November 30 appeal deadline precedes the spring payment, so grieve the limited property value before the March installment if you disagree.
To reduce your Arizona bill: (1) your 5% limited-property-value cap already limits base growth — keep it by occupying the home as your primary residence; (2) claim the $3,000 homestead exemption and the widow/widower or disabled exemption; (3) file the Property Tax Rebate (circuit breaker) on your state return if 65+ with income under the limit; (4) grieve by November 30 using comparable sales; (5) watch for secondary (voter-approved) levies, since bonds and overrides raise the rate. The 5% cap is your structural protection; the rebate helps lower-income seniors.
In practice, an Arizona bill uses the limited property value (LPV) — capped at 5% annual growth — times the combined primary (general) and secondary (voter-approved) rates per $100 of value. The primary rate is budget-capped; the secondary rate is where bonds and overrides show up. The $3,000 homestead exemption reduces the LPV, and the Property Tax Rebate circuit-breaker comes through the state return. Because the LPV is capped, your base is stable, but a newly purchased home is assessed at current market value (its LPV starts there), so a buyer's first bill can be much higher than a long-term neighbor's. Read the fall notice of value (appeal by November 30) before the spring installments.
If you are buying in Arizona, understand that your limited property value starts at the purchase price and can only rise 5% a year, so your base is protected going forward — but your first bill reflects current market value, not a capped base. Claim the $3,000 homestead exemption and check Property Tax Rebate eligibility on your state return. Look for secondary (voter-approved) levies, because bonds and overrides raise the rate. Obtain the fall notice of value and grieve by November 30 if it exceeds comparable sales. Budget for the possibility that a passed override will lift future bills even while your base stays capped.
To appeal in Arizona, file by November 30 after the fall notice. (1) Compare your limited property value to recent sales; remember the LPV is capped at 5% growth, so a sudden jump above that is a red flag. (2) File with the county Board of Equalization (or the assessor's review). (3) If denied, appeal to the State Board of Equalization. (4) Claim the $3,000 homestead exemption and check Property Tax Rebate eligibility. Because the 5% cap already limits your base, appeals are most useful in the year of a revaluation or a clearly erroneous valuation — bring three to five comparable sales.
Arizona's reform conversation centers on the 5% limited-property-value cap (Prop 117) and whether to expand the Property Tax Rebate circuit-breaker and the homestead exemption. Periodic proposals would raise the rebate income limit or the exemption amount. Because the LPV cap already limits base growth, the main relief levers are the rebate and any new exemptions; follow the state budget and the Legislature's tax committee for changes.
Limited property value (LPV) — the taxed base, capped at 5% growth. Full cash value — the market value. Prop 117 — the 2012 measure creating the 5% cap. Primary / secondary rates — general vs. voter-approved levies. $3,000 homestead exemption — a reduction for primary homes. Property Tax Rebate — the senior/disabled circuit breaker.
Two $400,000 homes. Homeowner A: limited property value capped at 5% growth; at a 0.7% effective rate the bill is about $2,800 (before the $3,000 homestead exemption, saving ~$20–$60). Homeowner B, a 67-year-old under the rebate limit, claims the Property Tax Rebate; if tax exceeds the income-share threshold, the refund can take the net toward $2,000–$2,400. The example shows the 5% LPV cap is the structural protection, while the rebate helps lower-income seniors on top of it.
Arizona homeowners with a mortgage pay through escrow; the lender remits the two installments. The 5% limited-property-value cap keeps your base stable, but a buyer's first bill starts at full market value and a passed secondary levy raises the rate — both flow into the escrow. If you claim the $3,000 homestead exemption or the Property Tax Rebate, tell the lender so the escrow reflects the lower net tax. Review the fall notice of value and the spring escrow analysis together each year.
What is Arizona's limited property value? Under Proposition 117, the limited property value (the taxed base) cannot rise more than 5% per year and never exceeds full cash (market) value; the cap shields long-term owners from market spikes.
What is the Arizona homestead exemption? A $3,000 reduction in assessed value for an owner-occupied primary residence, plus a widow/widower and disabled exemption of a set amount.
What is the Arizona Property Tax Rebate? A circuit-breaker refund for owners 65+ or disabled with income under a limit whose tax exceeds a set share of income, claimed on the state return.
What are primary and secondary tax rates? Primary taxes fund general operations (budget-capped); secondary taxes are voter-approved bonds, overrides, and districts that can raise the rate.
How do I appeal my Arizona assessment? File with the county Board of Equalization by November 30 (after the fall notice), then to the State Board of Equalization.
Enter your home value, select your state, and see your estimated annual property tax.