Understanding Arizona Property Taxes: What Buyers and Homeowners Should Expect

Hey there, Arizona homeowner (or soon-to-be)!
Let’s be real—property taxes can feel like a confusing maze. 🤯 But don’t worry. We’re breaking it all down in plain, simple steps—like we’re chatting over coffee. ☕ Ready to unlock the mystery of your tax bill?

✅ What Are Property Taxes (and Why Should You Care)?

Property taxes are what you pay to help fund your community. We’re talking:

• 🚒 Fire departments

• 🏫 Schools

• 🚧 Roads

• 📚 Libraries
  

It’s not just money leaving your pocket—it’s money keeping your city running.

Arizona charges tax based on what your home is worth. But here’s the twist: they use two values:

1. Full Cash Value (FCV) – Your home's market value.
2. Limited Property Value (LPV) – The value used to calculate your taxes.

Thanks to Proposition 117, your LPV can’t jump more than 5% per year—unless you remodel, sell, or change the use. 💡

💥 Pro Tips for Buyers & Owners

🔍 Buying a home?
Your property taxes may go UP after you buy! Why? The LPV might be reset closer to your purchase price. So don’t just rely on the seller’s tax bill—run your own numbers.

🧾 Got your Notice of Value?
Think the value’s too high? You can appeal it within 60 days. Just contact your County Assessor.

💸 Need help paying taxes?
Arizona has exemptions and tax breaks for:

• Seniors 👵

• Widows/widowers

• People with disabilities

• Low-income households (Form 140PTC)
  

Check with your County Assessor!

🔑 Wrap-Up: Own Your Taxes Like a Pro

You don’t need to be a tax genius. You just need the basics:

• Know your LPV and FCV

• Understand how your tax bill is calculated

• Watch the deadlines

• Look into exemptions if you qualify
  

Stay informed. Stay empowered. 🧠💪
Have questions about your taxes or looking to buy a home in Arizona? I’m here to help.

👉 DM me or visit magicalsuccessrealty.com to get expert help, real fast.