State Comparisons Part 1 (Taxes) — Arizona is Lookin’ Good!

March 25, 2019

Did you know the state of Arizona has relatively low property tax rates, well below the national average? Property tax rates in Arizona vary by location, depending on city, county, school district and whether the house is in any special tax districts, with an average tax rate of 0.77%.

For example, a home with an assessed home value of $750,000 in Prescott, Arizona (Yavapai County) has a property tax of $5,453 annually. That’s $3,630 cheaper than the national average of $9,083 annually.

In Seattle, Washington, the same $750,000 home tax is $7,687 annually, at a tax rate of 1.025%. That’s a savings of $2,234 annually if you purchase a home in Prescott.

In Los Angeles, California, a home with an assessed home value of $750,000 has a property tax of $5,948 annually, at a tax rate of .793%. That’s a savings of $495 annually if you buy a home in Prescott. California’s overall property taxes are below the national average, but still mostly higher than Arizona.

Want more comparisons?

Try this SmartAsset.com link.

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