Ace the Arizona Real Estate Exam 2026 – Unlock Your Property Dreams!

The assessment ratio for raw land in Arizona is 15%. This means that when determining property taxes, raw land is assessed at 15% of its total value. Understanding the assessment ratio is important for real estate professionals, as it influences how much a property owner will pay in taxes and can impact investment decisions.

In Arizona, different types of properties have varying assessment ratios; for example, residential properties typically have lower ratios. Knowing the specific ratio for raw land helps in accurately calculating property taxes, which is crucial for budgeting and financial planning in real estate transactions.