Arizona renters will receive a gift in the new year: relief from residential rental taxes. Beginning January 1, 2025, Due to a new law recently signed by Gov. Katie Hobbs, Arizonians will not have to pay this municipal tax on their monthly rent.
The change comes after rents have skyrocketed 72% in recent years, according to an Arizona State University report. Other data show that subsequent price increases have led to a state-wide housing shortage of 65,721 units — and counting.
