Phoenix Opportunity Zones

Phoenix sits within Arizona, which has filed its OZ 2.0 nominations: 125 tracts submitted to Treasury on July 7, 2026, per the Arizona Commerce Authority. These are nominations, not certified zones: they await Treasury certification, and certified zones take effect January 1, 2027. Details: Yavapai County, Arizona backs two Verde Valley tracts for Opportunity Zone 2.0 and the OZ 2.0 nomination tracker. Arizona has 506 census tracts eligible under OZ 2.0.

241 eligible tracts fall in Phoenix's constituent county (Maricopa County) per the IRS Rev. Proc. 2026-14 appendix — the same county totals shown on the state page. OZ 2.0's tightened eligibility criteria — median family income at or below 70% of the state/metro reference (down from 80% under OZ 1.0), with the contiguous-tract option eliminated — means fewer Phoenix neighborhoods qualify than under the 2018 OZ 1.0 map. How states choose OZ 2.0 tracts →

For investors targeting Phoenix, the OZ 2.0 tax benefits — rolling 5-year deferral, 10% basis step-up (or 30% for Rural QROFs in qualifying rural tracts), and 100% federal-tax-free exclusion of QOF appreciation after a 10-year hold — apply to investments made on or after January 1, 2027. See the full OZ 1.0 vs 2.0 comparison →

What Phoenix's demographics imply: with a median household income of $64,927 and a 15.3% poverty rate, Phoenix is likely to keep a meaningful share of Opportunity Zone tracts in higher-poverty census areas, while higher-income neighborhoods that qualified through the contiguous-tract pathway under OZ 1.0 will lose zone status under OZ 2.0.