Detroit, MI — income, home value, property tax, and sales tax.
In ZIP code 48173, near Detroit, homes carry a median value of $244,900, and the county-level property tax rate of 1.63% works out to roughly $3,992 a year for a home at that price. Households here earn a median of $94,094, so that tax bill equals about 4.2% of annual income, with per-capita income at $43,759. A 6.00% combined sales tax applies to purchases. Whether buying or staying put, the relationship between what homes cost, what the tax rate adds each year, and what residents bring in shapes how far a paycheck stretches in this corner of the Detroit area.
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