| Phoenix, the capital of Arizona, is one of the | | | | for automobiles. It is paid along with the vehicle |
| fastest-growing cities in the nation. As for 2007, we | | | | registration. But real estate taxes might be lower. |
| don't know exactly what future brings, but interest | | | | Owner-occupied residential properties are checked by |
| rates remain low for sure, which is good. | | | | local assessors in Arizona. They use computerized |
| Phoenix Real Estate property is in high demand. It is a | | | | systems to value residential property for property tax |
| perfect place to buy a property on more scores than | | | | purposes. Besides they use replacement cost new |
| one. Phoenix market is a good choice now and will be | | | | less depreciation or sales analysis method. They |
| a strong market for a long time to come. This is one | | | | choose one of these methods, it depends on technical |
| of the fastest growing areas in the country. Low cost | | | | considerations such as the accuracy of each method |
| of living, no end of jobs, warm climate, blue skies...it is | | | | for that area and the number of sales available for |
| also a perfect place to live. Phoenix is a destination of | | | | analysis. Owner-occupied residential properties and |
| choice or the second-landing city for immigrants from | | | | residential rental property are assessed at 10% of full |
| all over the world. They build thousands more new | | | | cash value. The average tax rate on homes in |
| homes every year. | | | | Arizona before exemptions and rebates is |
| Owning a home is a good investment - stereotyped | | | | approximately 1.3% of market value or 13% of |
| phrase nowadays. It's also a place to live, place to be | | | | assessed value. It is important to note that Arizona |
| with our family. It gives freedom, stability and security | | | | property taxes on owner-occupied residences are |
| to our life. There are some financial expenses - like | | | | levied based on the Assessed Value, not current |
| upkeep, insurance, real estate taxes - which must be | | | | market value, because people usually get confused |
| paid. If someone plans to move to Arizona, it is | | | | about that. The assessed value is always lower than |
| indispensable to look after Arizona taxes. Some taxes | | | | market price, and it is important to use this number |
| are lower, some taxes are higher, compared to other | | | | when we calculate taxes. |
| states. For example Arizona charges a property tax | | | | |