Detroit, MI — income, home value, property tax, and sales tax.
In ZIP code 48193, near Detroit, homes carry a median value of $220,600, and the county-level effective property tax rate of 1.63% works out to roughly $3,596 a year in taxes on such a home. With median household income at $74,566 and per-capita income at $36,352, that tax bill equals about 4.8% of household earnings. A combined sales tax of 6.00% applies to purchases as well. Buyers weighing this area should note how the property tax load interacts with local wages before committing.
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