When purchasing a home in Arizona, understanding the nuances of property taxes is essential for making informed financial decisions. Arizona’s property tax system is unique, and for buyers, it’s important to grasp how taxes are assessed, calculated, and what they mean for your budget.

How Property Taxes Are Determined in Arizona

Arizona uses a property tax system based on the assessed value of a property, which is not the same as its market value. The assessed value is a percentage of the full cash (market) value of the property, determined by the county assessor. For residential properties, the assessed value is generally 10% of the full cash value.

For example, if a home has a market value of $300,000, the assessed value would be $30,000.

Tax Rates and Jurisdictions

Once the assessed value is determined, it’s multiplied by the tax rate to calculate the property taxes owed. Tax rates vary depending on the location of the property and the taxing jurisdictions involved, such as:

• County: Most Arizona counties levy property taxes to fund local services.
• City or Municipality: If the property is within city limits, additional taxes may apply.
• Special Districts: These could include school districts, fire districts, or water improvement districts.

Tax rates are expressed in dollars per $100 of assessed value. For example, if the tax rate in a given area is $7.50 per $100 of assessed value, a property with an assessed value of $30,000 would incur annual taxes of $2,250.

Why Are Arizona Property Taxes Relatively Low?

Compared to many other states, Arizona’s property tax rates are relatively low. This is because the state constitution limits the total amount of property tax that can be levied. Additionally, Arizona does not rely as heavily on property taxes to fund public services, instead using other revenue sources like sales taxes.

When Are Property Taxes Paid?

Arizona property taxes are billed twice a year:

• The first installment is due October 1 and becomes delinquent after November 1.
• The second installment is due March 1 of the following year and becomes delinquent after May 1.

For buyers, these dates are crucial. If you purchase a home mid-year, part of the property taxes will likely be prorated between the buyer and seller at closing.

Tax Exemptions and Benefits

Arizona offers several property tax exemptions and benefits for specific groups, including:

• Primary Residence Exemption: A reduced assessed valuation for owner-occupied residences.
• Seniors: Certain low-income seniors may qualify for a freeze on the assessed value of their property.
• Veterans: Disabled veterans may be eligible for property tax exemptions.
• Widows/Widowers: A tax break may also be available to widows and widowers who meet specific criteria.

Buyers should check with their county assessor’s office to see if they qualify for these programs.

Key Considerations for Buyers

1. Research Local Tax Rates: Since property tax rates vary across the state, understanding the rates in your prospective neighborhood is crucial.
2. Budget for Escrow: If you’re financing your home, your lender may require you to set up an escrow account to cover property taxes, so factor this into your monthly mortgage payments.
3. Understand Future Changes: A property’s assessed value may change after purchase, particularly if improvements are made, which could increase your tax liability.

Closing Thoughts

Arizona’s property tax system is relatively straightforward but varies depending on local jurisdictions and specific circumstances. By understanding how property taxes are calculated and the associated deadlines, buyers can better prepare for the financial responsibilities of homeownership in the Grand Canyon State.

If you’re in the market for an Arizona home, take the time to review property tax information with your real estate agent or financial advisor to avoid surprises. A little preparation can go a long way in ensuring your investment aligns with your financial goals.

When it comes to finding the perfect place to raise a family, Arizona offers a diverse range of neighborhoods that cater to parents seeking excellent schools, safe parks, and a strong sense of community. Whether you’re new to the state or just considering a move within Arizona, here’s a guide to some of the top family-friendly neighborhoods to consider.

1. Scottsdale: McCormick Ranch

Known for its lush landscaping, beautiful lakes, and extensive biking and walking trails, McCormick Ranch in Scottsdale is ideal for active families. The neighborhood is home to some of the top-rated schools in the Scottsdale Unified School District, as well as numerous parks and community events. Families here enjoy access to Chaparral Park, which features a large lake, dog park, and plenty of open space for picnics and sports.

Highlights:

• Highly rated public and private schools
• Lakeside parks, playgrounds, and walking paths
• Family-friendly events like outdoor movie nights and farmer’s markets

2. Gilbert: Power Ranch

Gilbert’s Power Ranch community has become a top choice for families, with its well-planned amenities and friendly atmosphere. Known for its recreational facilities, including pools, playgrounds, and a large community clubhouse, Power Ranch fosters a strong sense of community with events like holiday parades and summer camps for kids. The schools in this area, particularly those in the Higley Unified School District, are some of the best in the region.

Highlights:

• Multiple parks, pools, and a community clubhouse
• Schools with excellent academic programs and extracurricular activities
• Year-round family events, fostering a close-knit neighborhood vibe

3. Chandler: Ocotillo

Ocotillo in Chandler is a well-developed area that boasts beautiful lakes, luxury homes, and family-friendly amenities. The Chandler Unified School District, which serves this area, is known for its academic rigor and quality programs. Families in Ocotillo can enjoy plenty of outdoor activities, with parks, golf courses, and scenic walking paths around the lake.

Highlights:

• Top-rated schools in the Chandler district
• Beautiful lakes and well-maintained parks
• Family events, community BBQs, and close proximity to downtown Chandler’s shops and dining

4. Phoenix: Arcadia

For families looking for an urban experience with suburban benefits, Arcadia in Phoenix is a perfect blend. Known for its tree-lined streets and character-rich homes, Arcadia offers easy access to both Phoenix and Scottsdale amenities. Its close proximity to top-rated schools in the Scottsdale Unified School District and popular spots like the Arizona Canal Trail make it a favorite among active families. Arcadia is also home to local parks, neighborhood gatherings, and family-focused events, making it a great place for parents who enjoy a vibrant community atmosphere.

Highlights:

• Access to excellent schools, shopping, and dining
• Vibrant community with farmer’s markets and holiday events
• Extensive parks and outdoor areas

5. Peoria: Vistancia

Vistancia is a master-planned community in Peoria that has become a popular choice for families in recent years. It offers a resort-style atmosphere with pools, golf courses, parks, and miles of hiking trails. The Peoria Unified School District serves this area and has a solid reputation for quality education. Vistancia’s community center hosts events throughout the year, like family fun days, sports leagues, and seasonal celebrations, adding to the neighborhood’s family-friendly appeal.

Highlights:

• High-ranking schools in the Peoria district
• Resort-style amenities including pools, parks, and golf
• Year-round community events and family activities

6. Queen Creek: The Pecans

If you’re looking for a charming, rural-inspired neighborhood with a strong community vibe, The Pecans in Queen Creek is a standout. This gated community is known for its tree-lined streets and large lots, which give families plenty of space. The Queen Creek Unified School District serves this area, providing quality education options. The Pecans neighborhood holds family-friendly events, holiday gatherings, and offers a peaceful, suburban setting perfect for raising kids.

Highlights:

• Spacious homes and family-friendly community
• Strong school district and local youth programs
• Rural charm with modern amenities

Choosing the Right Neighborhood for Your Family

Arizona’s neighborhoods each bring a unique flavor and lifestyle that can enrich the experience of raising a family. From the quiet, tree-lined streets of The Pecans to the community-focused events in Power Ranch, there’s something for everyone. When looking for the perfect neighborhood, think about what matters most to your family—whether it’s proximity to top schools, access to outdoor spaces, or a calendar full of community events.

Living in a family-friendly neighborhood can create lifelong memories, build lasting friendships, and offer a supportive community as you watch your kids grow. Arizona’s diverse neighborhoods make it possible to find a place that fits your family’s lifestyle and values, ensuring a fulfilling, connected, and enriching environment for years to come.

As excitement builds for the release of Wicked on the big screen, there’s no better time to celebrate one of the movie’s iconic color themes—pink and green! Just like the beloved characters Elphaba and Glinda, these two colors create a dramatic, enchanting contrast. Let’s take a look at some truly stunning homes that embrace Wicked’s signature colors, bringing a bit of movie magic into real-life spaces.

A Green Dream in the Laundry Room

10719 E Rimrock Drive | Scottsdale

This Scottsdale home brings a bold green hue into a space we rarely see dressed up—the laundry room! The rich, deep green color makes this laundry room feel both refreshing and stylish, offering a taste of Elphaba’s rebellious spirit in a functional setting. Green decor can make even the most ordinary of spaces feel like a touch of Oz.

Gorgeous Green Wet Bar

1075 Highway 82 | Nogales

This Nogales property features a stunning green wet bar that’s both functional and eye-catching. The vibrant green cabinetry adds a pop of color and elegance, making it a perfect place to gather. This area echoes Elphaba’s spirited personality, creating a lively space for entertaining guests with style and flair.

Glamorous Green Kitchen

4949 E Lincoln Drive #13 | Paradise Valley

The green kitchen takes center stage in this Paradise Valley property. This kitchen’s unique design combined with striking green backsplash creates a homey vibe that still holds a touch of enchantment. The color choice here is both unexpected and bold, showcasing how green can transform a kitchen into something truly magical.

Spa-Like Green Bathroom

42159 N 104th Way | Desert Mountain, Scottsdale

In this Scottsdale home, the bathroom features a light green that feels luxuriously spa-like. A soothing oasis, this bathroom lets you relax in style with serene green hues that evoke a sense of calm. With the elegant fixtures and thoughtful decor, it’s a perfect nod to Elphaba’s iconic shade of green, bringing a piece of Oz into the heart of Scottsdale.

Pretty in Pink Stove

341 E Monte Vista Road | Phoenix

This home doesn’t shy away from bold, unique decor, and the pink stove is a standout feature. Against a neutral backdrop, the pink adds an element of surprise and charm that brings Glinda’s style into the kitchen. The stove combines vintage flair with modern functionality, making it both beautiful and practical.

Enchanting Pink Lighting

6107 E Paradise Drive | Scottsdale

In this Scottsdale home, a pink ceiling and curtains bring an inviting warmth and charm to the entertainment room. These bold pink accents infuse the space with Glinda’s magical essence, creating a whimsical, playful atmosphere that any Wicked fan would love. With touches of pink overhead and in the drapery, every moment in this room feels a bit more enchanting and fun.

Blushing Pink Bedroom

27111 N 150th Street | Scottsdale

This Scottsdale home takes pink decor to a new level with a pink bedroom. Perfectly cozy yet sophisticated, the room’s palette of bold pink and neutrals offers a tranquil retreat. It’s as if Glinda herself decorated this space, balancing elegance and charm with a warm and welcoming ambiance.

These enchanting homes show just how versatile and beautiful pink and green decor can be. Whether you lean towards Elphaba’s bold greens or Glinda’s soft pinks, these homes bring a little bit of Wicked magic to Arizona.

Throughout the state of Arizona, Russ Lyon Sotheby’s International Realty has been proud to represent and participate in the following sales for October.

We refer to these as ‘Significant Sales.’ While all of our transactions are genuinely significant, we hope you enjoy discovering these unique homes based not only on price but also on their architectural, cultural, and geographical significance, as well as those involved in the journey.

Enjoy!

Seller Representation

Dual Representation

Buyer Representation

• 9218 N 53rd Place | Paradise Valley
  • Sold for $4,695,000
  • Buyer Representation: Melissa Kalinowski
• 22866 E Camacho Road | Queen Creek
  • Sold for $1,360,000
  • Buyer Representation: Kim Weber
• 4565 E Moonlight Way | Paradise Valley
  • Sold for $3,795,000
  • Buyer Representation: Sierra Allegretto
• 8634 E Overlook Drive 38 | Scottsdale
  • Sold for $2,880,000
  • Buyer Representation: Allan MacDonald
• 4502 W Hanging Rock Court | Marana
  • Sold for $2,995,000
  • Buyer Representation: Bryan Durkin/Susan Neitzel
• 11987 E Yearling Road | Scottsdale
  • Sold for $2,728,959
  • Buyer Representation: Colleen Rose-Scurti
• 8542 E Los Gatos Drive | Scottsdale
  • Sold for $5,800,000
  • Buyer Representation: Kirk Marshall and Keith Marshall
• 22 Vigas Lane | Rio Rico
  • Sold for $600,000
  • Buyer Representation: Brent Brzuchalski
• 40 Shadow Circle | Sedona
  • Sold for $2,860,000
  • Buyer Representation: Ken Robertson and Katirina Van Dezon
• 2793 N Acacia Way | Buckeye
  • Sold for $637,000
  • Buyer Representation: Camden Steele, Julie Warner
• 1871 E Hampton Ln #107 | Gilbert
  • Sold for $393,500
  • Buyer Representation: Camden Steele
• 19125 N 92nd Ave | Peoria
  • Sold for $385,000
  • Buyer Representation: Jeni Lytle

As the season of crisp air and vibrant leaves settles in, there’s no better way to spend an evening than cozying up for a fall movie night at home. And with Halloween today, it’s the perfect time to consider the comforts of a private home theater—ideal for watching anything from warm-hearted classics to thrilling Halloween flicks.

Here’s a look at some incredible Arizona homes that elevate movie-watching to an immersive experience, each offering beautiful spaces designed for comfort, style, and ultimate relaxation.

1. Sophisticated Retreat with Warm Ambiance

In Paradise Valley, this luxury home theater boasts plush, reclining leather seats and soundproof walls, creating an ideal setting for a movie marathon. With its warm lighting and dark walls, the theater wraps you in an atmosphere that feels secluded yet cozy. Imagine settling in with a family favorite like Hocus Pocus or It’s the Great Pumpkin, Charlie Brown—a perfect way to enjoy the holiday with loved ones.

6600 N. 64th Place | Paradise Valley

2. Desert Elegance with a Touch of Magic

This stunning property features a home theater with a chic, understated design and deep, rich colors that invite you to escape into cinematic worlds. Picture yourself on Halloween night enjoying a mix of fall-themed movies: When Harry Met Sally or Practical Magic. With luxurious seating and an intuitive media setup, every movie night becomes a memorable escape from the ordinary.

6107 E. Paradise Drive | Scottsdale

3. Contemporary Cozy with a View

Another Paradise Valley home combines contemporary elegance with cozy elements that make its theater irresistible. With rows of comfortable seats, custom lighting, and a spacious setup, this theater is perfect for everything from family-friendly Halloween favorites to cozy fall classics like You’ve Got Mail. The ambiance feels like an upscale theater experience—right at home.

6800 E. Caballo Drive | Paradise Valley

4. The Ultimate Fall Sanctuary

This desert estate knows how to create a warm, inviting theater experience with plush sectional seating and blankets aplenty. With Halloween today, it’s easy to imagine dimming the lights and watching Beetlejuice or Sleepy Hollow, wrapped up in a throw blanket with a bowl of popcorn at hand. The warmth of this theater’s design makes it a favorite for fall and beyond.

9848 E. Parkside Lane | Scottsdale

5. Chic Scottsdale with Rustic Charm

For a home theater that feels both cozy and sophisticated, this Scottsdale home combines rustic charm with high-end theater amenities. Whether you’re in the mood for a Halloween thriller or a cozy rom-com, the setup here offers a relaxed, intimate vibe. Films like Dead Poets Society feel perfect against the fall colors and rich textures of the space.

4490 E. Valley Vista Lane | Paradise Valley

These Scottsdale properties transform fall evenings into unforgettable movie nights, offering the luxury and comfort of a theater without ever leaving home. Whether watching a Halloween thriller tonight or enjoying classic fall movies with loved ones, a private home theater creates a cozy, inviting way to embrace the season.