Buying A Second — Home In Arizona
: Arizona offers relatively low property taxes, but they vary by county. A 5% cap on annual increases to the Limited Property Value (LPV) protects owners from sudden tax spikes due to market appreciation.
: Lenders typically require a 10% to 20% down payment for second homes, and interest rates are often 0.5% to 1% higher than for primary residences. A credit score of 680+ is recommended for the best rates. buying a second home in arizona
: Owners should factor in year-round utilities and specific desert upkeep, such as pool cleaning and air conditioning service before the summer heat. Top Locations for Second Homes : Arizona offers relatively low property taxes, but
