Do buyers who plan to own and occupy property in Arizona four months out of the year have to pay a special non-resident property tax?

ANSWER

Expert Matthew Peterson's Answer:

Real residential property owned by a taxpayer is taxed by the county in which the real property is located. The residential class of property is taxed based on a formula that considers the primary and secondary tax rates multiplied by the assessment ratio of 10% of the Full Cash Value (FCV) and Limited Property Value (LPV), respectively. There is no additional or special assessment for non-resident property owners. 

Matthew Peterson, CPA

Washington

4 yrs experience

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