Phoenix, Arizona Property Taxes
The median property tax rate in Phoenix, AZ is 0.53%, which is significantly lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $287,600 in Phoenix, the typical annual property tax bill is $1,544, well below the national median of $2,690. Property taxes in Phoenix are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Phoenix's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Phoenix or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Phoenix, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,524
Ownwell’s Phoenix Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Phoenix with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Phoenix to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Maricopa County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Phoenix, Arizona
Property taxes in Phoenix, Arizona, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Phoenix is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Phoenix set these rates annually, and they can vary significantly across different neighborhoods. Each year, Phoenix estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Phoenix's effective property tax rate to other areas in Maricopa County and the national median. For comparison, the 85054 zip code has the highest median property tax rate of 0.75%, while the 85007 zip code has the lowest median tax rate of 0.40%. Understanding how these areas compare with Phoenix provides valuable insights into the varying tax landscape across Maricopa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Phoenix Tax Rate
0.53%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phoenix, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 1 PHO | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| 85003 | 0.30% | 0.39% | 0.52% | 0.83% | 1.00% |
| 85004 | 0.26% | 0.36% | 0.61% | 0.78% | 0.87% |
| 85006 | 0.24% | 0.28% | 0.42% | 0.55% | 0.67% |
| 85007 | 0.23% | 0.30% | 0.40% | 0.53% | 0.69% |
| 85008 | 0.27% | 0.35% | 0.48% | 0.56% | 0.64% |
| 85009 | 0.25% | 0.31% | 0.45% | 0.62% | 0.72% |
| 85012 | 0.28% | 0.43% | 0.65% | 0.79% | 0.95% |
| 85013 | 0.30% | 0.40% | 0.55% | 0.65% | 0.78% |
| 85014 | 0.30% | 0.39% | 0.55% | 0.66% | 0.76% |
| 85015 | 0.26% | 0.33% | 0.41% | 0.51% | 0.64% |
| 85016 | 0.36% | 0.49% | 0.65% | 0.78% | 0.96% |
| 85017 | 0.25% | 0.29% | 0.35% | 0.52% | 0.58% |
| 85018 | 0.35% | 0.41% | 0.48% | 0.64% | 0.81% |
| 85019 | 0.30% | 0.33% | 0.41% | 0.47% | 0.68% |
| 85020 | 0.31% | 0.39% | 0.53% | 0.64% | 0.77% |
| 85021 | 0.29% | 0.38% | 0.56% | 0.68% | 0.78% |
| 85022 | 0.37% | 0.45% | 0.53% | 0.63% | 0.73% |
| 85023 | 0.36% | 0.44% | 0.56% | 0.70% | 0.81% |
| 85024 | 0.37% | 0.47% | 0.54% | 0.60% | 0.67% |
| 85027 | 0.31% | 0.36% | 0.42% | 0.49% | 0.55% |
| 85028 | 0.43% | 0.47% | 0.52% | 0.58% | 0.63% |
| 85029 | 0.32% | 0.37% | 0.43% | 0.54% | 0.63% |
| 85031 | 0.34% | 0.38% | 0.42% | 0.69% | 0.83% |
| 85032 | 0.35% | 0.41% | 0.47% | 0.57% | 0.62% |
| 85033 | 0.37% | 0.41% | 0.47% | 0.64% | 0.87% |
| 85034 | 0.27% | 0.31% | 0.44% | 0.64% | 0.71% |
| 85035 | 0.36% | 0.39% | 0.44% | 0.79% | 0.87% |
| 85037 | 0.38% | 0.44% | 0.53% | 0.66% | 0.79% |
| 85040 | 0.23% | 0.27% | 0.34% | 0.58% | 0.76% |
| 85041 | 0.27% | 0.37% | 0.60% | 0.74% | 0.84% |
| 85042 | 0.27% | 0.34% | 0.58% | 0.78% | 0.89% |
| 85043 | 0.37% | 0.44% | 0.51% | 0.61% | 0.71% |
| 85044 | 0.52% | 0.56% | 0.63% | 0.70% | 0.77% |
| 85045 | 0.61% | 0.67% | 0.72% | 0.77% | 0.81% |
| 85048 | 0.53% | 0.60% | 0.68% | 0.74% | 0.81% |
| 85050 | 0.51% | 0.55% | 0.62% | 0.71% | 0.78% |
| 85051 | 0.27% | 0.34% | 0.40% | 0.47% | 0.58% |
| 85053 | 0.37% | 0.42% | 0.48% | 0.57% | 0.66% |
| 85054 | 0.53% | 0.62% | 0.75% | 0.85% | 0.92% |
| 85083 | 0.53% | 0.58% | 0.64% | 0.71% | 0.77% |
| 85085 | 0.49% | 0.55% | 0.60% | 0.68% | 0.75% |
| 85086 | 0.57% | 0.61% | 0.68% | 0.75% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Phoenix, Arizona
In Phoenix, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Maricopa County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Phoenix, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Phoenix is $4,208 in the 1 PHO zip code, while the lowest is $758 in the 85040 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Phoenix Assessed Value
$287,600
Average Maricopa County Assessed Value
$328,300
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Phoenix, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 1 PHO | $567,000 | $567,000 | $567,000 | $567,000 | $567,000 |
| 85003 | $184,100 | $263,200 | $445,700 | $558,425 | $662,110 |
| 85004 | $91,030 | $217,225 | $297,800 | $388,000 | $532,000 |
| 85006 | $224,600 | $280,200 | $328,000 | $381,450 | $451,300 |
| 85007 | $160,700 | $210,800 | $326,500 | $461,700 | $611,000 |
| 85008 | $149,600 | $208,700 | $269,800 | $346,300 | $452,800 |
| 85009 | $127,300 | $177,800 | $200,000 | $222,450 | $255,500 |
| 85012 | $126,800 | $262,000 | $494,200 | $718,500 | $938,900 |
| 85013 | $159,200 | $265,700 | $368,800 | $448,200 | $646,340 |
| 85014 | $156,200 | $211,800 | $333,100 | $444,900 | $567,660 |
| 85015 | $115,780 | $179,300 | $264,200 | $315,600 | $369,320 |
| 85016 | $179,700 | $272,200 | $377,800 | $536,525 | $855,650 |
| 85017 | $146,900 | $207,600 | $226,600 | $241,200 | $254,800 |
| 85018 | $188,100 | $339,750 | $613,100 | $985,650 | $1,567,270 |
| 85019 | $186,790 | $222,300 | $235,200 | $247,800 | $263,300 |
| 85020 | $163,880 | $212,200 | $307,200 | $467,100 | $692,960 |
| 85021 | $153,000 | $229,000 | $324,500 | $546,700 | $758,800 |
| 85022 | $121,190 | $217,500 | $317,600 | $428,525 | $542,100 |
| 85023 | $202,300 | $261,700 | $305,300 | $364,600 | $506,860 |
| 85024 | $241,740 | $284,600 | $346,500 | $423,600 | $512,060 |
| 85027 | $174,600 | $238,500 | $275,000 | $304,500 | $347,500 |
| 85028 | $338,100 | $408,000 | $473,100 | $565,950 | $830,090 |
| 85029 | $176,500 | $229,700 | $260,500 | $284,800 | $316,170 |
| 85031 | $196,600 | $218,700 | $231,200 | $243,200 | $254,700 |
| 85032 | $173,700 | $259,300 | $319,100 | $393,700 | $492,690 |
| 85033 | $112,000 | $208,700 | $227,500 | $241,600 | $255,300 |
| 85034 | $99,370 | $157,975 | $221,900 | $282,800 | $318,930 |
| 85035 | $198,300 | $212,500 | $223,700 | $237,500 | $249,110 |
| 85037 | $197,500 | $222,600 | $241,800 | $265,800 | $296,200 |
| 85040 | $107,880 | $178,300 | $218,600 | $258,800 | $308,300 |
| 85041 | $184,000 | $221,200 | $263,100 | $305,400 | $364,220 |
| 85042 | $180,110 | $225,025 | $276,100 | $348,200 | $472,460 |
| 85043 | $214,450 | $239,600 | $262,800 | $291,200 | $333,400 |
| 85044 | $249,690 | $293,950 | $346,650 | $413,350 | $531,000 |
| 85045 | $340,300 | $390,000 | $468,300 | $585,200 | $698,000 |
| 85048 | $231,800 | $335,600 | $412,750 | $531,800 | $648,300 |
| 85050 | $288,200 | $351,000 | $422,700 | $597,125 | $754,600 |
| 85051 | $134,700 | $216,300 | $249,300 | $274,200 | $297,700 |
| 85053 | $196,700 | $241,700 | $277,700 | $308,500 | $346,500 |
| 85054 | $205,500 | $293,700 | $381,600 | $551,500 | $717,620 |
| 85083 | $316,100 | $377,600 | $453,100 | $540,600 | $615,720 |
| 85085 | $310,510 | $371,700 | $470,900 | $570,200 | $662,100 |
| 85086 | $290,800 | $371,700 | $474,600 | $608,525 | $735,200 |
Source: Ownwell
Property Tax Bills Across Phoenix, Arizona
In Phoenix, located in Maricopa County, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Phoenix is $287,600. Property tax rates are applied to this assessed value to determine the annual tax bill. Various factors, including the property's location and any applicable exemptions, influence the final amount. Homeowners in Phoenix can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is approximately $963, while the 75th percentile reaches around $2,513. At the 90th percentile, tax bills can soar to $3,858. The highest median tax bill in the area is $4,208, found in the zip code 1 PHO, while the lowest is $758 in the 85040 zip code. Compared to the national median property tax rate of 0.99%, Phoenix homeowners may find their tax rates relatively favorable, but the impact on individual finances can still be substantial depending on the property's assessed value and location.
Average Phoenix Tax Bill
$1,544
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Phoenix, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 1 PHO | $4,208 | $4,208 | $4,208 | $4,208 | $4,208 |
| 85003 | $639 | $1,586 | $2,305 | $3,315 | $4,872 |
| 85004 | $350 | $909 | $1,870 | $2,626 | $3,626 |
| 85006 | $609 | $868 | $1,327 | $1,894 | $2,548 |
| 85007 | $470 | $749 | $1,271 | $2,109 | $3,197 |
| 85008 | $513 | $786 | $1,189 | $1,704 | $2,515 |
| 85009 | $405 | $580 | $825 | $1,247 | $1,626 |
| 85012 | $516 | $1,000 | $3,102 | $5,318 | $7,584 |
| 85013 | $668 | $1,108 | $1,840 | $2,660 | $4,513 |
| 85014 | $583 | $913 | $1,667 | $2,736 | $3,817 |
| 85015 | $376 | $587 | $1,104 | $1,516 | $1,972 |
| 85016 | $798 | $1,410 | $2,374 | $3,833 | $7,743 |
| 85017 | $445 | $575 | $791 | $1,200 | $1,394 |
| 85018 | $725 | $1,770 | $3,186 | $5,677 | $9,248 |
| 85019 | $585 | $735 | $966 | $1,197 | $1,635 |
| 85020 | $541 | $919 | $1,475 | $2,809 | $4,971 |
| 85021 | $523 | $830 | $1,773 | $3,591 | $5,621 |
| 85022 | $563 | $972 | $1,576 | $2,585 | $3,759 |
| 85023 | $797 | $1,124 | $1,684 | $2,508 | $3,657 |
| 85024 | $977 | $1,358 | $1,886 | $2,498 | $3,110 |
| 85027 | $549 | $869 | $1,165 | $1,427 | $1,805 |
| 85028 | $1,619 | $1,944 | $2,437 | $3,152 | $4,827 |
| 85029 | $610 | $874 | $1,127 | $1,452 | $1,821 |
| 85031 | $616 | $813 | $980 | $1,452 | $1,990 |
| 85032 | $702 | $1,054 | $1,427 | $2,122 | $2,919 |
| 85033 | $426 | $874 | $1,077 | $1,603 | $2,051 |
| 85034 | $375 | $545 | $931 | $1,444 | $1,898 |
| 85035 | $727 | $841 | $1,005 | $1,734 | $2,063 |
| 85037 | $789 | $995 | $1,281 | $1,680 | $2,160 |
| 85040 | $289 | $471 | $758 | $1,373 | $2,144 |
| 85041 | $507 | $793 | $1,566 | $2,137 | $2,818 |
| 85042 | $533 | $721 | $1,492 | $2,710 | $4,004 |
| 85043 | $793 | $1,059 | $1,324 | $1,752 | $2,107 |
| 85044 | $1,363 | $1,682 | $2,164 | $2,848 | $3,912 |
| 85045 | $2,255 | $2,694 | $3,360 | $4,391 | $5,149 |
| 85048 | $1,218 | $2,083 | $2,798 | $3,859 | $4,969 |
| 85050 | $1,564 | $2,037 | $2,660 | $3,770 | $5,379 |
| 85051 | $420 | $696 | $1,014 | $1,297 | $1,572 |
| 85053 | $689 | $990 | $1,317 | $1,714 | $2,180 |
| 85054 | $1,163 | $2,110 | $2,804 | $3,784 | $5,003 |
| 85083 | $1,803 | $2,246 | $2,840 | $3,715 | $4,599 |
| 85085 | $1,743 | $2,214 | $2,783 | $3,638 | $4,646 |
| 85086 | $1,882 | $2,423 | $3,186 | $4,222 | $5,468 |
Source: Ownwell