A Simple Guide to Property Taxes for Phoenix Homeowners

Confused About Property Taxes in Phoenix? Here's What You Need to Know

If you're a homeowner—or planning to become one—in Phoenix, understanding how property taxes work is essential. It may not be the most exciting part of homeownership, but it definitely impacts your budget and future planning. Let’s break it down in a simple way so you know what to expect and how to stay prepared.

What Are Property Taxes and Why Do We Pay Them?

Property taxes are local taxes that homeowners pay based on the assessed value of their property. In Phoenix, these taxes fund essential public services like:

Public schools

Fire and police departments

Local road maintenance

Libraries and parks

So when you pay property taxes, you’re actually helping your community run smoothly.

Who Calculates Property Taxes in Phoenix?

Property taxes in Phoenix fall under Maricopa County. The Maricopa County Assessor's Office determines your property’s assessed value each year. Based on that value and the tax rate set by your local districts, your total annual tax bill is calculated.

Your tax rate can vary depending on where exactly in Phoenix your home is located, as different districts have slightly different rates.

How Are Property Taxes Calculated?

Here’s a simplified formula:

Assessed Value × Tax Rate = Property Tax Amount

Let’s say your home’s assessed value is $250,000 and your combined tax rate is around 0.60% (typical for many areas in Phoenix):

$250,000 × 0.006 = $1,500 annual property tax

Keep in mind, this is a ballpark figure. Rates can vary slightly from neighborhood to neighborhood.

When Are Property Taxes Due in Phoenix?

Arizona property taxes are typically due in two installments:

First half: Due October 1, delinquent after November 1

Second half: Due March 1, delinquent after May 1

You can pay online, by mail, or even set up automatic payments. Missing deadlines can result in interest penalties or tax liens—so mark those dates!

Can I Lower My Property Tax Bill?

Yes, in some cases. Here are a few ways:

Senior Valuation Protection: For seniors on a fixed income who meet specific criteria.

Disabled Exemptions: For qualifying disabled homeowners.

Appeal the Assessed Value: If you think your home was assessed too high, you can appeal the valuation with the County Assessor’s Office.

It’s worth checking with your tax advisor or the county directly to see if you qualify for any relief.

Tips for New Homeowners in Phoenix

Know your escrow: If you have a mortgage, your lender likely includes your taxes in your monthly payment and pays the county directly.

Track your property value: Keep an eye on your home’s market value and annual assessment.

Save for tax time: If you pay taxes yourself, set aside funds monthly so you’re not surprised by the bill.