Houston, TX — income, home value, property tax, and sales tax.
ZIP code 77007, in Houston, ranks among the city's more affluent areas, with a median household income of $144,911 and per-capita income of $106,641. Homes here carry a median value of $549,100, and the county-level effective property tax rate of 1.62% means owners pay a substantial sum each year. Add an 8.25% combined sales tax on purchases, and the overall tax load is meaningful, though incomes at this level absorb it. This is a high-earning, high-value market where property taxes on six-figure homes are the dominant cost, far outpacing what sales tax collects over a year.
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