Property Tax

Phoenix Property Tax 2023

By Alexandra Carver Last Updated January 19, 2023 3 min read

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 2023.

Phoenix property tax 2023

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 4% 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 $410,000 in December 2022. This average is down 1.4% from December of 2021, which could entice homebuyers thinking of making a move to the Phoenix area. 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 2023.

Phoenix is located in Maricopa County, with a primary property tax levy of 1.25, meaning if you have a home assessed at $100,000, you will pay $125 in County property taxes. This rate is lower than the 2021-2022 rate. Despite being the largest, Maricopa County had the fifth lowest rate among Arizona’s 15 counties in 2022

In the city of Phoenix, the primary property tax levy is 1.29, which doesn’t include additional levies from water, schools, additional services, or special taxing districts. Depending on where you live in Phoenix, your total property tax rate could be anywhere from 5% to 11%. 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 2022-2023 tax rate will be lowered to 1.25% from 1.35%, 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 2023-2024 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 counties and their average property tax rates (per $100 assessed value):

  • La Paz: $10.81
  • Yavapai: $9.17
  • Yuma: $12.19
  • Pinal: $13.58
  • Gila:$12.94
  • Pima: $13.81

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 2022-2023 regarding your property tax bills. Here are some highlights:

  • February 2023: Assessor will mail 2024 Notices of Value
  • March 2023: Second half of 2022 taxes are now due
  • May 2023: Second half of 2022 taxes become delinquent
  • August 2023: New property tax is certified

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