85054 Property Tax Rate

Property owners in ZIP code 85054 (Phoenix, Arizona) pay a median of $3,976/year in property taxes on homes valued at $618,100. This translates to an effective tax rate of 0.64%, which is 19% above the Arizona state average of 0.54%.

The monthly property tax burden for a median-valued home in 85054 is approximately $331, which factors into escrow payments on mortgages. This ZIP code is located within Maricopa County. This is $2,265 more than the Arizona average of $1,711/year.

Compared to similar ZIP codes in Arizona, 85054 has lower property taxes. ZIP codes with similar effective rates include 85004 (0.64%) and 85645 (0.64%).

In Phoenix, property taxes represent approximately 4.5% of the median household income of $89,099, providing context for the relative tax burden on homeowners in this area.

Arizona taxes owner-occupied primary residences at a 10% assessment ratio (vs. 18% for other property types), and your home will be reassessed at purchase price when you buy; the Limited Property Value limits annual increases to the lesser of 5% or CPI thereafter. The Maricopa County Assessor administers the Senior Valuation Protection program (age 65+, 10+ years residence) — apply at the assessor's office with proof of age and residency within 60 days of purchase. File for your owner-occupancy classification immediately upon closing to ensure the 10% rate applies to your first tax bill.