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How Much is Property Tax on a $1,000,000 Home in Arizona?
Property tax on a $1,000,000 home in Arizona typically ranges from $3,000 to $12,000 per year (roughly $250 to $1,000/month), depending on the county. Based on the statewide average effective rate of 0.62%, you can expect to pay around $6,200/year, or $517/month. Arizona's property tax rates are below the national average; residential property is assessed at 10% of its full cash value.