Question

Arizona property taxes are based on?

1) Prorate share
2) Assessed value
3) Front footage
4) Transfer value

Answer 1

Property taxes in Arizona are based on the assessed value of the property. The local government assigns a value to each property, which is then used to calculate the amount of property tax owed.

Step-by-step explanation:

Property taxes in Arizona are based on the assessed value of the property.

The local government assigns a value to each property, which is then used to calculate the amount of property tax owed. The assessment is typically conducted by a local assessor, who considers factors such as the property's size, location, and condition.

Once the assessed value is determined, a proportional tax rate is applied, resulting in the final property tax amount.