Broker Property Real Formula In Pima
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This does not freeze your property tax bill, but it does freeze the property valuation. To qualify, you must meet the following criteria: Property owner must be 65 years of age or older. Property must be the primary residence and the owner(s) must have resided at the residence for at least 2 years.
Tax rates are applied to assessed values. The assessment ratio for residential property in Arizona is 10%. That means assessed values are equal to 10% of the LPV.
The median property tax rate in Tucson, AZ is 0.79%, which is lower than the national median of 0.99% but higher than the Arizona state median of 0.56%.
Arizona's property tax rate is around 0.51%, well below the national average of 0.99%. Arizona's average combined state and local tax bill is around $1,707 per year, which is $1,088 less than nationwide rates.
The Limited Property Value is determined by law. State statutes provide the formulas to be used in calculating the Limited Property Value (see Arizona Revised Statutes §§ 42-13301 through 13304). RULE A: Typically, for real property, the Limited Value will increase 5% over the prior year's Limited Property Value.
Tucson sales tax details The minimum combined 2025 sales tax rate for Tucson, Arizona is 8.7%. This is the total of state, county, and city sales tax rates.
