Peoria, Maricopa County, Arizona Property Taxes
Median Peoria, AZ effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Arizona state median of 0.56%.
Median Peoria, AZ home value: $342,700
Median annual Peoria, AZ tax bill: $1,908, $492 lower than the national median property tax bill of $2,400.
How are property taxes in Maricopa County calculated?
Property taxes in Peoria, AZ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Peoria’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Peoria, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Peoria, Maricopa County, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$1,816
$1,685
Property Tax Rates Across Peoria, Maricopa County, Arizona
Local government entities set property tax rates, which can vary significantly within Arizona. Each county, including Maricopa, estimates its budget requirements for the year and divides this by the total value of all taxable properties in its jurisdiction. This process determines the property tax rate for the area. While the setting of tax rates involves votes and legislative measures, this is essentially the annual procedure.
In Peoria, located in Maricopa County, the effective property tax rate reflects this calculation method. Peoria's rate can be compared to other cities within Arizona and to the state's median property tax rate. Arizona's median rate is notably lower than the national median property tax rate of 1.02%. This can result in lower property tax bills for homeowners in Peoria compared to the national median property tax bill of $2,400. Such comparisons offer valuable insights for property owners evaluating their potential tax liabilities and considering property tax appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Peoria Tax Rate
0.53%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Maricopa County Tax Rate
0.52%
Median Effective Arizona Tax Rate
0.56%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Peoria, Maricopa County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85345 | 0.27% | 0.32% | 0.37% | 0.44% | 0.50% |
| 85381 | 0.37% | 0.44% | 0.49% | 0.54% | 0.60% |
| 85382 | 0.46% | 0.50% | 0.56% | 0.64% | 0.70% |
| 85383 | 0.48% | 0.53% | 0.60% | 0.69% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Peoria, Maricopa County, Arizona
When examining property taxes in Peoria, Arizona, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Maricopa County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Maricopa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Peoria. For example, the median home price in Peoria is $342,700, with tax bills ranging significantly across the county. Zip code 85383 has the highest median home price at $465,500.
Property Tax Assessment Values Across Peoria, Maricopa County, Arizona
Source: Ownwell
$57,600
$855,800
$1,654,000
Median Peoria Market Value
$342,700
Median Maricopa County Market Value
$328,300
Median Arizona Market Value
$302,154
Median United States Market Value
$235,294
Property Tax Assessment Values Across Peoria, Maricopa County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85345 | $178,300 | $233,300 | $260,300 | $287,300 | $323,100 |
| 85381 | $236,100 | $291,100 | $328,300 | $394,400 | $483,900 |
| 85382 | $236,690 | $277,700 | $323,700 | $377,725 | $425,800 |
| 85383 | $333,200 | $384,500 | $465,500 | $565,800 | $703,700 |
Source: Ownwell
Property Tax Bills Across Peoria, Maricopa County, Arizona
Median Peoria Tax Bill
$1,908
Median Maricopa County Tax Bill
$1,766
Median Arizona Tax Bill
$1,666
Median United States Tax Bill
$2,400
Property Tax Bills Across Peoria, Maricopa County, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85345 | $529 | $712 | $935 | $1,200 | $1,524 |
| 85381 | $917 | $1,306 | $1,594 | $2,062 | $2,721 |
| 85382 | $1,126 | $1,465 | $1,824 | $2,238 | $2,704 |
| 85383 | $1,923 | $2,276 | $2,778 | $3,616 | $4,815 |
Source: Ownwell