Phoenix, AZ — income, home value, property tax, and sales tax.
In ZIP code 85305, near Phoenix, homes carry a median value of $452,300, and the county's 0.44% effective property tax rate works out to roughly $1,990 a year. With median household income at $88,167, that levy absorbs a bit over two percent of annual earnings, a share that stays contained because the rate itself is low even as valuations climb. Per-capita income sits at $39,816. Buyers here also pay a combined 9.20% sales tax, which adds to the overall cost of living in and around Phoenix.
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