Arizona housing costs at a glance
| Arizona | |
|---|---|
| Median home value (Zillow) | $421,000 |
| Average effective property tax | 0.43% |
| Typical rate for a new buyer (calculator default) | 0.55% |
| Average homeowners insurance ($300k dwelling) | $2,184 a year |
| 2026 conforming loan limit (one unit) | $832,750 |
Example: median-priced home
Arizona home for $421,000, 20% down, 6.5% 30-year fixed: principal and interest $2,129 + property tax $193 + insurance $182 = about $2,504 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Arizona property tax
Arizona has some of the lowest property taxes in the US: about 0.43% of market value on average. Primary residences are assessed at 10% of their limited property value, and since Proposition 117 the limited value can grow by at most 5% a year. The state also pays part of the school tax for owner-occupied homes (the homeowner rebate), so be sure the county records the home as your primary residence.
Other Arizona costs
- No transfer tax: Arizona charges only a $2 affidavit fee when a deed is recorded.
- Insurance: about $2,180 a year on average for $300,000 of dwelling coverage.
- HOA fees are common in newer Phoenix and Tucson communities; enter them in the calculator.
Other states
See also the Arizona paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the property tax rate in Arizona?
About 0.43% of market value on average, among the lowest in the country.
What is the monthly payment on a median-priced Arizona home?
On a $421,000 home with 20% down at 6.5%, principal and interest are about $2,129; with property tax and insurance the total is about $2,500 a month.
Does Arizona have a real estate transfer tax?
No. Only a $2 affidavit of property value fee is charged when the deed is recorded.
How fast can Arizona property taxes go up?
The limited property value of a home can increase by at most 5% a year under Proposition 117.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Arizona Department of Revenue – property tax
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026