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Arizona Property Tax

posted in Real Estate 101 by Kathleen Yamauchi

Many of our out-of-state buyers have been asking questions about property taxes. Unlike California, for example, Arizona properties are not reassessed upon the transfer of property.

The formula for Yavapai County Property taxes is dependent upon various governmental entities' budget needs. Each of these jurisdictions has taxing authority.

"For example, your property may be located within an incorporated city or town, a school district, a community college district, a fire district, and a special improvement district. All of those jurisdictions have taxing authority."

Budgets are published and budget hearings are open to the public to listen and to voice concerns. The following information is from the Yavapai County Assessor and is a very detailed explanation of how tax assessments are determined: Property Valuation Explained