Property Taxes

The assessment ratio for owner-occupied residential property is 10% of the full cash(market) value. Tax jurisdictions set tax rates on the basis of the total assessed valuation within their boundaries and the amount of the levy to be raised. The combined tax rate applicable to each parcel of property is the sum of state, county, municipal, school and special district rates. For more information, you can go to www.maricopa.gov/assessor

Personal Income Tax

Arizona imposes a personal income tax that uses the federal adjusted gross income as the starting point for tax computation. Since Arizona uses the federal adjusted gross income, any income that is taxable for federal purposes is also subject to Arizona tax, unless specifically excluded For more information, you can go to www.revenue.state.az.us

General Sales Tax

Retail sales tax in Arizona is 5.6%. All Arizona counties levy a tax and each municipality levies an additional 1to 3% tax on retail sales. The state of Arizona does not levy a tax on food for home consumption or on drugs prescribed by a licensed physician or dentist. However, some cities in Arizona do levy a tax on food for home consumption.

Vehicle/Gasoline Tax

Arizona imposes a motor vehicle license tax in lieu of a personal property tax on automobiles. The rates is based on value and are paid annually, with an optional two year rate. The gasoline tax in Arizona is assessed per gallon of fuel dispensed.