Arizona property taxes are paid:
Question & Answer
Review the question and all answer choices
Annually in January
Annually in January is incorrect as Arizona does not collect property taxes once per year in January. This option represents a common misconception that many states use annual tax collection, which is true for some states but not Arizona.
In two installments (October and March)
Monthly
Monthly payments are incorrect for Arizona property taxes. While some recurring expenses like mortgage payments or insurance might be monthly, property taxes in Arizona are collected on a biannual basis, not monthly.
Quarterly
Quarterly payments are incorrect for Arizona property taxes. This payment schedule is used by some states for other types of taxes or in different contexts, but Arizona specifically uses two annual installments for property taxes.
Why is this correct?
Arizona property taxes are due in two installments: October 1 and March 1. This biannual payment schedule is unique to Arizona and differs from many other states that use different collection frequencies. The October payment covers the first half of the fiscal year, while the March payment covers the second half.
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