Canyon, TX — income, home value, property tax, and sales tax.
In ZIP code 79016, which takes in Canyon, per-capita income stands at $3,811, a figure that shapes how far each dollar has to stretch. County property taxes run at an effective rate of 1.51%, so the annual bill moves in step with whatever a home is worth. Sales tax comes to 6.25% on purchases. Together these costs mean housing and everyday spending both draw on already limited earnings. A household here has to weigh each expense against a low income base, and the property levy in particular tracks home value rather than ability to pay.