What is the average property tax deductible on federal tax in Arizona?

Answer by  cgroverla (516)

In general, the average property tax in Arizona is approximately 1% of the market value. All real estate tax in Arizona is fully deductible on the federal tax return as an itemized deduction. Alternately, taxpayers may add up to $500 ($1000 if married) of property tax paid to their standard deduction.

Answer by  thetaxmancometh (14)

Property taxes on personal tax returns are deductible IF the tax filer itemizes tax returns. You can deduct the amount of property tax on your first and second homes.