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Paradise Valley is a town in Maricopa County, Arizona, United States. According to 2005 Census Bureau estimates, the population of the town was 14,558. Despite the town's relatively small area and population compared to other municipalities in the Phoenix metropolitan area, Paradise Valley is home to twelve resorts, making it one of Arizona's premiere tourist destinations. It has expensive real estate, with a median home price at $1.74 million,with many exceeding $5 million and some over $20 million.

It should not be confused with Paradise Valley Village, an official municipal designation, in northeast Phoenix, Paradise Valley, Phoenix, Arizona. For instance, Paradise Valley Community College, Paradise Valley High School, Paradise Valley Hospital, Paradise Valley Mall, and Paradise Valley Golf Course are all located several miles to the north of the town, in Phoenix. The town's name along with all the other various entities bearing the same name comes from the expansive area known as Paradise Valley, that spreads from north of the Phoenix mountains to Cave Creek & Carefree on the north and the McDowell Mountains to the east.

Residents attend schools in the Scottsdale Unified School District.

There is a Paradise Valley Unified School District, and it is one of the largest in the state, though like many other institutions with the name Paradise Valley, it refers to the Phoenix village, and not to the town.