Monday July 13, 2015
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.