Arizona is also one of the Four Corners states and is diagonally adjacent to Colorado. Arizona has a total area of 113,998 square miles (295,253 km 2), making it the sixth largest U.S. state. Of this area, just 0.3% consists of water, which makes Arizona the state with the second lowest percentage of water area (New Mexico is the lowest at 0.2%).
The typical Arizona homeowner pays just $1,578 in property taxes annually, saving them $1,000 in comparison to the national average. Property taxes in Arizona are paid in two semi-annual installments, one due on Oct. 1 of the current tax year and another due on March 1 of the following year. How Arizona Property Taxes Work: Limited Property Value