This estimator projects annual property tax for a home in Mesa, Arizona using the area’s effective rate of about 0.66% of market value. Arizona assesses owner-occupied homes at 10% of value, and the tool applies the rate so the final burden lands near that 0.66% of market value.
How it works
Arizona taxes the assessed value, not the full market value. For Class 3 residential property the assessment ratio is 10%:
assessed value = market value * 0.10
annual tax = assessed value * applied rate
The applied rate is set so the result equals about 0.66% of market value. Annual tax divided by 12 gives an approximate monthly figure.
Example
A $400,000 home has an assessed value of 400000 * 0.10 = $40,000. At Mesa’s
effective burden of about 0.66% of market value, the annual tax is roughly
400000 * 0.0066 = $2,640, or about $220 per month.
Notes
This is an estimate based on a typical effective rate. Your real bill depends on the parcel’s limited property value, the exact mix of city, county, school, and special district levies, and any exemptions. Check your Maricopa County assessment for precise figures.