Arizona statutes list eleven classes of properties with varying assessment ratios or percentages of full cash value. Tax jurisdictions set tax rates on the basis of the total assessed valuation within their boundaries and the amount of the levy to be raised. Total tax rates may vary considerable form one area to another. Arizona does not have property tax on household good or intangible personal property. Arizona imposes a motor vehicle license tax in lieu of a personal property tax on automobiles.
Payments are due annually upon registration.
Transaction privilege taxes are assessed on most retail sales. Some counties and most Arizona cities assess an additional Transaction Privilege Tax. This is in lieu of an income-related tax. Although the Transaction Privilege Tax is usually passed on to the consumer, it is actually a tax on the vendor for the privilege of doing business in Arizona. This allows the state to receive a portion of the tax paid to the federal government without increasing the total tax paid on the estate.