Arizona is considered to be an equalized State due to its per pupil funding formula. The formula is discussed in detail in Module I below. Local Property Taxes are determined based on the per pupil funding formula as well as local initiatives such as Bonds and Overrides. The formulas that impact Local Property Taxes are discussed in Module II. You can get a detailed look at property taxes by going to the Property Tax Overview
webpage. It will be useful to have all handouts printed out and available while viewing both modules.
Last Modified on October 30, 2012