February 25, 2023 at 2:51pm | Cheyenne Cunningham
Taxes are a vital source of revenue for local governments, including school districts, counties, cities, and towns. In this blog, we’ll provide a comprehensive guide on how property taxes work in Arizona, including how they are calculated, how to pay them, and how to appeal your assessment.

How Property Taxes are Calculated: Property taxes in Arizona are based on the assessed value of your property. The county assessor determines the assessed value, which is based on the market value of your property as of January 1st of the tax year. The assessed value is then multiplied by the tax rate, which is set by various taxing authorities, to determine the amount of property tax owed. So unlike some other states, Arizona taxes are not based on Sales Price.

If you're planning to live in Sedona, Arizona, it's important to understand the property tax rates you can expect to pay. Sedona straddles two counties, Coconino and Yavapai, each with their own rates. In addition, the state and city also have their own tax rates.
As of 2022, the property tax rates in Sedona are as follows:
  • State Tax Rate: 6.600%
  • Coconino County Rate: 1.125%
  • Yavapai County Rate: 0.750%
  • City Tax Rate: 3.00%
It's important to keep in mind that these rates can change from year to year and can also vary depending on the specific location and property type. It's always a good idea to consult with a local assessor's office or a tax professional to determine your specific tax obligations.

Paying Property Taxes in Arizona: In Arizona, property taxes are due twice a year, on October 1st and March 1st. Homeowners have the option to pay their property taxes in full or in two installments. If you choose to pay in installments, the first half is due on October 1st, and the second half is due on March 1st.
You can pay your property taxes in Arizona online, by mail, in person at your local treasurer’s office, or by phone. However, if you choose to pay by mail, make sure to send your payment early to ensure that it arrives before the due date.

Appealing Your Assessment: If you disagree with the assessed value of your property, you can appeal it. Start by contacting your county assessor’s office to discuss your concerns. If you are still not satisfied, you can file a formal appeal with the county board of supervisors. The board will review your case and make a decision. If you still disagree, you can file a further appeal with the state board of equalization.
It’s important to note that the deadline for filing an appeal is April 15th of the tax year. If you miss the deadline, your property taxes will be based on the assessed value of your property.

In conclusion, understanding property taxes in Arizona is crucial for homeowners. They are based on the assessed value of your property and determined by the tax rate set by various taxing authorities. You can pay your property taxes in full or in installments, and you have the option to appeal your assessed value if you disagree with it. By understanding how property taxes work in Arizona, you can plan and budget accordingly for your property tax bill.


You message has been sent!

Send us a Message

You agree to receive automated promotional messages from The Coleman Real Estate Group regarding real estate information and education.Click here for terms and privacy policy. Message frequency varies. To opt out of receiving messages from me, text STOP to cancel. Reply HELP for help. Message and data rates may apply.