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Phone: 602.256.7700
Fax: 602.256.7744
2 N. Central Ave., Suite 2500
Phoenix, AZ 85004
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Arizona Property Classification and Ratios
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Arizona’s property tax system classifies property according to its usage. Each class of property is assigned an assessment ratio, ranging from 1% to 21%. The assessment ratios are applied to both primary and secondary values of a property and determine the property’s net assessed value. The same tax rates apply to net assessed value for all property classifications. |
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Class |
Description |
Assessment Ratio |
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Class 1 |
Mines, mining claim property, standing timber |
21% |
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Class 1 |
Local telecommunications, utilities, pipelines, oil and gas-producing properties |
21% |
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Class 1 |
Commercial and industrial real property not included in other classes |
21% |
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Class 1 |
Commercial and industrial personal property |
0% of first $66,440 21% of remaining value |
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Class 2R |
Agricultural real property and vacant land |
16% |
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Class 2P |
Agricultural personal property |
0% of first $66,440
16% of remaining value |
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Class 3 |
Residential non-rental property |
10% |
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Class 4 |
Residential rental property |
10% |
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Class 5 |
Railroads, private car companies, airline flight property |
21% |
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Class 6 |
Non-commercial historic property, foreign trade zones, military reuse and enterprise zones, environmental technology and remediation property. |
5% |
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Class 7 |
Improvements to commercial historic property |
1% for up to 10 years |
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Class 8 |
Improvements to historic residential rental property |
1% for up to 10 years |
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Class 9 |
Possessor Interests |
1% |
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Source: Arizona Department of Revenue, 2010 | |
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