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Property Tax Calculator for Gilbert, AZ
Local data pre-filled
Property taxes in Gilbert run approximately 0.70% of assessed value. On the median home of $495,000, that's roughly $3,465/year ($289/mo). This is below the national average rate of 1.10%.
✓ Calculator below is pre-filled with Gilbert local data
Data as of · Sources: Zillow, Census ACS, Tax Foundation, Freddie Mac
Arizona Financial Snapshot (2026) — Property Tax Calculator
Home value, monthly carrying cost, property tax, and insurance are the four levers for the property tax calculator in Arizona.
How the Property Tax Calculator Math Works Under Arizona Law
Every real-estate number on this page runs through the same core identity: the monthly principal-and-interest payment on a fully amortizing fixed-rate loan is M = P · r / (1 − (1+r)^(−n)), where P is the loan principal, r is the monthly rate (annual rate / 12), and n is the term in months. For a typical Arizona buyer in 2026, P starts from an $430,000 median home value (Zillow ZHVI)[1], minus a standard 20% down payment.
On top of P&I the calculator adds the two Arizona-specific carrying costs: property tax at the state effective rate of 0.66%[2] and homeowners insurance at roughly $1,560/year (NAIC state average)[3]. The Freddie Mac PMMS national average 30-year fixed rate (6.30% (Freddie Mac PMMS · week of ))[4] drives the payment curve — Arizona rate quotes can move a few basis points around that number depending on lender, loan size, and credit band.
Calc-specific note: Effective rate × assessed value = annual bill. Intra-state county variance can swing ±30% around Arizona's headline rate.
Worked example — Arizona
On Arizona's $430,000 median home, the 0.66% effective rate produces a $2,838 annual bill — roughly $237/month added to PITI. County variance within Arizona can push this ±30% depending on mill levies and homestead exemptions.
Local context: Gilbert, AZ
Housing economics in Gilbert, AZ. The median home value runs 38.3% above the U.S. baseline for Gilbert, AZ is $495,000 per Zillow's home-value index. Median rent runs $1,750 a month per Zillow ZORI, cheaper than the national $1,850 baseline. Effective property tax sits at 0.70% of assessed value, below the 0.99% national average tracked by the Tax Foundation.
Income and tax climate. Arizona's top marginal state income tax bracket lands at 4.55% — compared to the volume-weighted national average around 4-5%. BEA's Regional Price Parity scores Gilbert, AZ at 108.0 (national = 100), meaning a dollar in Gilbert, AZ buys 93¢ of national purchasing power.
Local context as of 2026-04-19.
Gilbert versus the U.S. baseline
| Metric | Gilbert, AZ | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $495,000 | $358,000 | 38.3% |
| Median monthly rent[zillow] | $1,750 | $1,850 | -5.4% |
| Property tax (effective)[tax-foundation] | 0.70% | 0.99% | -29.3% |
| State top marginal income tax[tax-foundation] | 4.55% | ~4.08% (volume-weighted) | 0.5 pp |
| State cost-of-living index[bea-rpp] | 108.0 | 100.0 | 8.0 pts |
How to use the Property Tax Calculator
Walk through using the Property Tax Calculator with Gilbert, AZ-specific defaults pre-loaded from primary sources.
- Enter your Gilbert numbersFill in the property tax inputs. Defaults reflect Gilbert, AZ 2026: median home $495,000, median rent $1,750/mo, 0.70% effective property tax.
- Apply the local 2026 inputsThe median home value in Gilbert is $495,000 (Zillow ZHVI), with median monthly rent running $1,750/mo.
- Compare against Gilbert contextMonthly PITI on the $495,000 median home in Gilbert is ~$3,176/mo — vs a $1,750/mo median rent.
How Arizona Compares to Neighboring States
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| Arizona (this page) | $430,000 | 2.50% | 0.66% | 100.7 |
| see California | $770,000 | 13.30% | 0.76% | 112.2 |
| Colorado side-by-side | $560,000 | 4.40% | 0.51% | 101.9 |
| Nevada equivalent | $430,000 | None | 0.56% | 97.9 |
| see Utah | $505,000 | 4.55% | 0.58% | 95.7 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
What Changes Your Result in Arizona
- Down payment size:Arizona's typical down payment is 10.0%according to NAR survey data. Every 5% shift changes the monthly P&I by roughly 5–6% of the headline payment.
- First-time buyer programs:Arizona runs state-level first-time buyer programs (DPA, MCC) that can cut effective down payment costs by $5,000–$15,000 for qualifying buyers. See programs block below.
- County-level property tax variance:The state effective rate shown in the snapshot is a statewide weighted average. Within Arizona, county rates can swing ±30% around the median, especially in border counties with differing school-district mill levies.
Related Calculations for Arizona
- Arizona's mortgage payment rules — property tax is a line in the PITI payment.
- home appreciation costs in Arizona — appreciating basis raises future tax bills.
How Gilbert Compares to the National Average
Understanding how Gilbert stacks up helps you calibrate your financial planning.
| Metric | Gilbert, AZ | US Average | Difference |
|---|---|---|---|
| Median Home Price | $495,000 | $420,800 | +17.6% |
| Median Monthly Rent | $1,750 | $1,713 | +2.2% |
| Median Household Income | $102,500 | $74,580 | +37.4% |
| Property Tax Rate | 0.70% | 1.10% | -36.4% |
| Cost of Living Index | 108 | 100 | +8.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Gilbert Financial Snapshot
- Population (Metro)
- 280,000
- Unemployment
- 2.9%
- Avg Commute
- 27 min
- Median Age
- 34.6
- Price-to-Rent Ratio
- 23.6x
- Annual Property Tax
- $3,465
More Financial Calculators for Gilbert, AZ
Frequently Asked Questions — Gilbert
- Can median-income households afford the median home in Gilbert?
- With a ~$3,176 monthly PITI and $102,500 median income, housing would consume ~37.2% of gross annual income. Qualifying under the 28% DTI rule requires ~$136,114 in annual income. Educational reference only.
- Is it better to rent or buy in Gilbert?
- Gilbert's price-to-rent ratio (23.6x) tilts toward renting — above 20x, buying is generally expensive relative to renting.
- What is the annual property tax bill on the median home in Gilbert?
- Approximately $3,465/yr at the 0.70% effective rate on the $495,000 median home. The national average effective rate is 1.07%.
- What share of median income goes to rent in Gilbert?
- The $1,750/mo median rent represents 20.5% of the $102,500 median household income. The recommended housing cost threshold is 30%; Gilbert falls within that guideline. Educational reference only.
- How much does commuting cost in Gilbert?
- Average commute time in Gilbert is 27 minutes per ACS. Estimated annual commute cost runs about $4,703. Educational reference only.
- How does the cost of living in Gilbert compare to the national average?
- Gilbert's BEA RPP index is 108, 8% above the national baseline of 100. For a household earning the national median income of $77,540, this translates to ~$6,203/yr in purchasing power difference. Educational reference only.
- What is the median home price in Gilbert, AZ?
- The median home price in Gilbert is $495,000 as of 2025–2026.
- What is the average rent in Gilbert?
- The median monthly rent in Gilbert, AZ is $1,750.
- Does the property tax replace professional advice?
- No. This calculator gives educational estimates using public Gilbert data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for decisions with material consequences.
Arizona State Context
Arizona Real Estate Tips
Arizona's property tax rate of 0.66% is well below the national average of 1.07%, saving homeowners thousands annually on a median-priced home.
The Arizona Industrial Development Authority (AzIDA) offers down payment assistance programs for first-time and repeat buyers.
Maricopa County (Phoenix metro) has seen rapid appreciation — but rural Arizona offers median prices 30-50% below the statewide figure.
Arizona is a community property state, meaning both spouses' income and debts are considered in mortgage qualification.
Arizona Homebuyer Programs
- ✓Arizona Home Plus Program — up to 5% of purchase price in down payment assistance (DPA) as a forgivable grant.
- ✓Pathway to Purchase — $10,000 DPA for qualifying buyers in specific zip codes.
- ✓AzIDA HOME Program — 30-year fixed-rate mortgages with up to 5% DPA.
Statewide Arizona figures apply broadly across Gilbert. County- and city-level variation can be significant — verify against local sources before closing a transaction. [3]
How we compute this — methodology
The Gilbert page uses local median home price ($495,000), median rent ($1,750/mo), and property tax rate (0.70%) alongside the calculator's client-side formula. Calculations run in your browser — no inputs are sent to a server.
Known limits: ZIP-level variance within Gilbert can be substantial — the figures shown are city-wide medians. For a precise property tax quote, consult your county assessor.
Sources
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index), city-level. zillow.com/research/data. Retrieved 2026-04-19.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates for median household income and population. census.gov/programs-surveys/acs.
- CalcFi state financial context — tips + first-time homebuyer programs compiled from each state's Housing Finance Authority (HFA) public pages. See
src/data/state-financial-context.ts. - Tax Foundation — state property tax effective rates and state/local sales tax rates. taxfoundation.org.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rate averages used by mortgage-related calculators. freddiemac.com/pmms.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-04-19.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-04-19.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-04-19.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-04-19.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-04-19.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-04-19.
Spot an error? Email [email protected] with the URL and the correct figure.
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National reference: Property Tax Calculator