Taxes in Tucson
The following information outlines some of the taxation information including state income, retail sales, and property taxes for Tucson, Arizona.
Income Tax
State personal income tax levied on residents and non-residents earning income in Arizona ranges from 2.88 to 5.04% based on income.
Retail Sales Tax
State sales tax is 5.6%, an additional 2% is added for goods sold within the city of Tucson. Exemptions are prescription drugs and non-restaurant foods.
Real Estate Property Taxes
Commercial real estate is assessed at 25% of fair market value. Residential real estate is assessed at 10% of fair market value. The average tax rate is $16 per $100 of assessed value. Property tax is calculated by applying the assessment ratio to the property's full cash value (80-85% of market value) to determine assessed value. The property tax rate for $100 is then applied to the assessed value. A quick estimation would be 1.1% of the sales price.
Other Taxes
Corporate Income Tax |
Corporate Franchise Tax? |
Inventory Tax? |
Commercial Lease Tax |
9% |
no |
no |
2% (city) |
