Phoenix, AZ — income, home value, property tax, and sales tax.
ZIP code 85355, near Phoenix, sits comfortably in affluent territory, with a median household income of $123,055 and per-capita income of $45,833. Homes here carry a median value of $494,000, and the county-level effective property tax rate of 0.44% keeps annual property taxes lower than many Arizona homeowners pay on similarly priced houses. A combined sales tax rate of 6.30% applies to purchases. Households earning six figures while holding half-million-dollar homes face a tax picture weighted toward consumption rather than ownership, since the property rate stays below one-half of one percent.
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