0.61%
Arizona Property Tax Rates
| County | Median Home Value | Average Effective Property Tax Rate |
|---|---|---|
| Maricopa County | $242,700 | 0.61% |
| Mohave County | $151,100 | 0.63% |
| Navajo County | $118,800 | 0.77% |
| Pima County | $173,500 | 1.01% |
What is a Gplet in Arizona?
The Government Property Lease Excise Tax (“GPLET”) has been established by the State of Arizona and is a redevelopment tool to initiate development by reducing a project’s operating costs by replacing the real property tax with an excise tax.
Does Arizona have an excise tax?
Arizona does not impose a sales tax. Instead, it imposes a transaction privilege tax (TPT) or an excise tax directly on businesses for the privilege of doing business in Arizona. The TPT amounts to an excise on the business of selling goods and services.
What does Gplet stand for?
Government Property Lease Excise Tax (GPLET) GPLET Average Property Tax Rates.
How does a Gplet work?
Under the GPLET program, a government entity owns a building and leases it out for private use. The tenant, or prime lessee, pays an excise tax based on size and use instead of property tax based on value. A GPLET lease agreement cannot last longer than twenty-five (25) years.
Where does Maricopa County property tax come from?
The Maricopa County Board of Supervisors only control a small portion of the property tax bill. The School District taxes are the largest portion of the property taxes from other jurisdictions, followed by the community college district, cities, special districts and the State.
When to file excise tax return in Maricopa County?
Lessees are required to file a return, pay the excise taxes directly to the Maricopa County Treasurer’s Office and submit a copy to the government lessor on or before December 1st of each year. Late filing penalties and interest accrue after that date. Please use the form, instructions and worksheets below to calculate your excise tax.
Who are the special taxing districts in Maricopa County?
This includes the county, city school districts, special taxing districts and the state (not just Maricopa County), based on the assessed values and the calculated rates. The Maricopa County Board of Supervisors only control a small portion of the property tax bill.
How are property tax rates determined in AZ?
Tax Rate: A rate is developed by dividing the total tax levy by the total assessed value in order to determine each property tax payer’s share of the levy.
