Detroit, MI — income, home value, property tax, and sales tax.
In ZIP code 48209, on Detroit's southwest side, homes carry a median value of $89,000, and the county-level effective property tax rate of 1.63% works out to roughly $1,450 a year in taxes on such a home. With median household income at $43,161 and per-capita income at $19,005, that tax bill equals a little over three percent of a typical household's annual earnings. Sales taxes add 6.00% at the register. Low home values keep entry costs down, yet the tax rate still claims a noticeable share of paychecks in this Detroit ZIP.
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