The rate in context
On a $400,000 home, 0.48% means roughly $1,920 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
Residential property is assessed at 10% of limited property value, and annual growth in taxable value is capped, which shields owners from market spikes.
Sources: Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. County-level rates vary; your county page has local detail.
Counties in Arizona
FAQ
What is the average property tax rate in Arizona?
The average effective property tax rate in Arizona is about 0.48%, per Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. Individual counties vary above and below that average.
How do Arizona property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. Residential property is assessed at 10% of limited property value, and annual growth in taxable value is capped, which shields owners from market spikes.