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Is Arizona “Tax Friendly” to Canadians?

April 26, 2017Arizona Canadians

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Is Arizona “Tax Friendly” to Canadians?

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A. Yes, Arizona is extremely tax friendly to Canadians in many ways. Arizona has a state constitutional ban of real estate transfer taxes in the future. Thirty five other states have real estate transfer taxes that range from 0.1 to 2.2% of the sale price which goes directly to the state. Arizona also does NOT have a state FIRPTA tax. California has a state FRPTA tax on the sale of real estate that is ONLY for foreign residents (how nice is that?). Property taxes also vary widely from state to state. Florida, California and Texas have enormous property taxes compared to Arizona. In Arizona, we have NO real estate transfer tax, NO state FIRPTA tax and LOW property taxes. Please consult your chartered accountant in Canada or CPA in the US for specific tax questions.