Property taxes in Phoenix are calculated using a unique assessed value system. Understanding Limited Property Value (LPV) and Maricopa County rates is essential for buyers and sellers in 2026.
Arizona does not tax full market value directly. Instead:
Example: $400,000 LPV × 10% = $40,000 assessed value $40,000 × ~7.5% local rate = approx. $3,000 annual tax
For broader county context, review Maricopa Property Taxes.
Buyers purchasing through Buy in Phoenix transactions should confirm prorated taxes during escrow.
Sellers listing via Sell My Phoenix Home should prepare recent tax statements and note any exemptions.
Non-owner-occupied properties may be assessed at different ratios. Investors should compare projected taxes alongside Rental Price Trends.
Property taxes affect monthly affordability calculations, particularly in:
Always evaluate taxes together with Understanding HOA Fees for total carrying cost analysis.
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