Phoenix, AZ — income, home value, property tax, and sales tax.
In ZIP 85012, part of Phoenix, households earn a median of $86,620, with per-capita income at $70,264. Homes here carry a median value of $735,000, and the county-level effective property tax rate sits at 0.44%, so annual property taxes on such a home would run about $3,234. Add a combined sales tax rate of 9.10% on purchases, and the cost picture blends a sizable housing market with comparatively gentle property taxation, while everyday spending carries a higher sales tax load.
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