Prescott, AZ: Money Talk and Taxes

According to Tax-Rates.org, the median property tax in Arizona is $1,356.00 per year for a home worth the median value of $187,700.00. Counties in Arizona collect an average of 0.72% of a property's assessed fair market value as property tax per year. Arizona is ranked number thirty-one out of the fifty states, in order of the average amount of property taxes collected.

Economy      Prescott, AZ   United States

Sales Taxes      8.35%           6.00%

Income Taxes  3.36%           4.72% 

NO Tax on Social Security Income. This can be huge when you are living off of your savings; something to seriously consider when retiring. Also, There is no inheritance tax, gift tax or estate tax.