How often are real estate taxes levied in Arizona?

In Arizona, real estate taxes are levied annually. This means that property owners are assessed a tax every year, based on the estimated value of their property and the applicable tax rate set by local taxing authorities. The annual assessment provides a predictable schedule for taxpayers, allowing them to plan and budget accordingly.

Understanding that these taxes are levied annually helps property owners keep track of their financial obligations, as they can expect a tax bill each year based on the valuation of their property as of January 1st of that year. In contrast, options suggesting biannual, semi-annual, or biennial assessments do not reflect the actual practices in Arizona, where property taxes are assessed once a year for collection. This annual taxation cycle is important for homeowners and investors to account for in their financial planning and real estate considerations.