Let’s take the confusion out of Arizona Property Taxes
Understanding Arizona property tax dates can be a bit confusing so we will lay out some dates to help you understand. The State of Arizona taxes all properties unless they are identified as being exempt from taxation. Some examples of exemptions are: property of governmental, educational, charitable, religious and not-for-profit institutions. Property is divided into different categories. For example, the term real property means land. Improvements are buildings and other improvements to the land.
Let’s take a look at what makes up the property taxes in Maricopa County, Arizona. In 2016, school districts collected approximately 54% of the taxes collected and even if your home is in an Active Adult Retirement Community, you pay the full tax including schools. The county keeps 12.6%, community colleges collect 11.4%, cities keep 11.2%, other special districts (flood control etc) collect 6.9% and the state keeps 3.9%.
When are Arizona Property Taxes Due?
Understanding Arizona property tax dates is essential when buying real estate. Property taxes in Arizona are assessed on a calendar year basis, and the property tax statements are mailed in September.
Here is a tricky part: the September statement has two payment stubs, so you will not receive a second billing for the payment due the following March.
- The due date for the first half tax is October 1. The first half installment becomes delinquent after 5 p.m. on November 1. If Nov 1 falls on a Saturday, Sunday, or legal holiday, you have until 5 p.m. on the next business day to pay or the payment will be considered late.
- The second half tax is due March 1 of the following year and becomes delinquent after 5 p.m. on May 1. If May 1 falls on a Saturday, Sunday, or legal holiday, you have until 5 p.m. on the next business day to pay or the payment will be considered late.
When considering buying Arizona real estate, it is important to understand the Arizona property tax Dates. Let The Kolb Team help you find your next home and answer all of the questions you have about purchasing homes in Chandler and Sun Lakes, Arizona.