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Renters expected to save $230 million a year with tax repeal

 Renters expected to save $230 million a year with tax repeal

Photo by UnSplash

Arizona renters are in for a bit of a break in their monthly payments to landlords – if the law works the way it’s been advertised.

Effective Jan. 1, cities can no longer charge sales taxes on residential rentals. While not all communities now have such a levy – Tucson for example, does not – 75 of the 91 cities in the state do at rates ranging from 1% to 4%.

And what that also means is that, come January, the affected cities collectively will lose about $230 million a year.

 

Source: https://azcapitoltimes.com/news/2024/12/13/tax-relief-renters-gain-cities-loss/

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