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Contact Barbara

Email Barbara Email Barbara

Cell: 928-301-0669
Toll-free: 800-975-5943
Fax: 1-815-572-8261

Realty Executives Sedona
1835 W. SR 89A – Suite 1
Sedona AZ 86336

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quotation mark Barbara worked with us every step of the way. She thoroughly checked and explained every situation for us.… She is ethical, honest, patient, and willing to go to any lengths to help her clients. We would definitely ask her to be our agent again.quotation mark

—Judy & John Collins

Arizona Tax Information

General Arizona Property Taxes

Annual property taxes are relatively low; figure less than 1% of the market price. In general, Arizona is considered a "wealth friendly" state ranking in the bottom quadrant among states when one considers the overall combined tax burden.

  • Based on local taxes, Arizona has the seventh lowest effective property tax rate at 0.6696. In other words, the annual property tax for a $100,000 home in Arizona would be $660 versus $1,150 on a national average.
  • Counties, cities and community colleges are limited to an increase in total property tax levies of 2% over the previous year's level, plus new construction.
  • The valuation of locally valued property is limited to a 10% growth over the prior year's limited value or an amount equal to one-fourth of the difference between the previous year's value and the full cash value of the property for current tax year, whichever is greater.
  • The maximum primary tax liability for owner-occupied residential property is 1% of primary value. Secondary property taxes (i.e. bonds, school overrides) have no cap.
  • Owner-occupied residential properties and residential rental property are assessed at 10% of full cash value. The average tax rate on homes in Arizona before exemptions and rebates is approximately 1.3% of market value.

Individual Income Tax

A personal income tax is levied on residents and nonresidents earning income in Arizona. Income tax credits are allowed for elderly low-income taxpayers. Personal taxes have been substantially reduced for the last nine years.

Arizona's personal income tax rate ranges from 3.8% to 7% of taxable income. No municipality imposes an earnings tax.

Sales Taxes

The state levies a 5% sales and use tax. Food for home consumption, prescription drugs, and machinery and equipment directly used in manufacturing, processing and in certain other industries are exempt.

Eighty-three municipalities impose an additional 1% to 2% sales tax.

Estate Taxes

A return must be filed with the federal government as well as the Arizona Department of Revenue when the gross estate exceeds $600,000. The tax rates imposed on the remaining estate are designed to absorb the maximum credit for state death taxes allowed by the federal government. Returns on taxable estates must be filed with the Department of Revenue Estate Tax Division within nine months after death.