Have a client ready to buy or sell a home in Phoenix, Arizona? Knowing the latest information on property taxes in the area will help your clients make an informed decision when buying or selling a home.
By staying up-to-date on Phoenix’s property tax rates and regulations, you’ll grow your real estate expertise while earning—and keeping—your client’s trust! Ready to prove yourself qualified to help clients buy and sell in the Phoenix, Arizona, area? Read on to learn more about Phoenix property tax rates for 2025.
Phoenix property tax 2025
As the capital of Arizona and the fifth-largest city in the U.S., Phoenix has much to offer tourists and residents alike! With beautiful desert views and year-round sun, Phoenix is an ideal destination for activities such as hiking, mountain biking, rock climbing, and fishing. You’re guaranteed to have a great time whether you’re visiting or looking to move to this gorgeous city.
While the cost of living in Phoenix is 3% lower than the state average, it amounts to 3% more than the national average.
What about the housing market? Phoenix’s housing market is somewhat competitive, with the median home price coming in at $470,225. This average is up 15% from 2022 numbers, which could signal a continued trend of increasing property values, making it a potentially attractive market for sellers but more challenging for first-time homebuyers or those on a tighter budget. Many looking to buy a home have property tax rates on their mind as we make our way into the home buying and selling market for 2025.
Phoenix is located in Maricopa County, with a primary property tax levy of 1.16, meaning if you have a home assessed at $100,000, you will pay $116 in County property taxes. This rate is lower than previous years as the county has been cutting property taxes for the last four years. So even though home prices are up, residents can take a breath that their property taxes rates themselves will not increase.
In the city of Phoenix, the primary property tax levy is 1.2658, which doesn’t include additional levies from water, schools, additional services, or special taxing districts. This is a 1.5% decrease from the 2024 fiscal year tax levy. You can view tax levies and rates based on your location in Maricopa County here.
Will Phoenix property tax rates rise?
New property tax rates for the following fiscal year are adopted in August, so the market value of your home during this time will determine how much you’ll be paying in property tax for the year.
Because the 2024-2025 tax rate were lowered to a tax levy of 1.16, this trend could continue as Maricopa County works to battle inflation hitting the Phoenix area. It’s unlikely that you’ll see a rise in rates for the 2025-2026 fiscal year, but it’s good to keep an eye on the news as it draws closer.
Tax rates in surrounding areas
If you love living in Phoenix but are open to buying in surrounding areas, it’s wise to check out each area’s property tax rates before purchasing a home. Here are neighboring cities to Phoenix and their average property tax rates (per $100 assessed value):
- Chandler: 0.2126
- Glendale: 0.3328
- Scottsdale: 0.4801
- Goodyear: 0.9257
- Buckeye: 1.6077
- Queen Creek: 1.6314
What does property tax revenue fund in Phoenix?
The Maricopa County Treasurer’s Office states that approximately 75% of your property tax goes directly to education. The rest of your property tax dollars fund other areas and services needed to keep Phoenix running smoothly, such as road work, county needs, police, and fire protection services. This tax is vital to the community, as it’s the largest source of money used to pay for these areas.
Important information to know when moving to Phoenix, AZ
Is a move to Phoenix the right idea for you and your family? There are some important dates and information you need to know in 2024-2025 regarding your property tax bills. Here are some highlights:
- May 2025: Second half of 2024 taxes are due
- June 2025: Bidders can now start to subtax 2024 liens
- August 2025: New property tax is certified
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FAQ
The primary property tax levy in Phoenix for 2025 is 1.2658, excluding additional levies.
It’s unlikely that property tax rates in Maricopa County will rise for the 2025-2026 fiscal year.
Roughly 75% of property tax revenue in Phoenix goes directly to education.
The overall cost of living in Phoenix is about 3% higher than the national average.
New property tax rates for Phoenix are typically adopted in August.
