Whether you are a proponent of higher taxes or not we can all agree that tax rates can play a huge roll in where individuals and citizens choose to live. A household income can be quickly whittled away each year by Federal, State, and Local taxes. Income taxes, property taxes, sales taxes, overrides that are voted upon by local City and State residents, gas taxes, and any number of other mandatory taxes can make it almost impossible to live in some areas if you are running on a tight budget like most Americans.
The different tax rates from State to State can be broad and complex. California and New York are the two least tax-friendly States in the Country while Delaware and Wyoming are the most-friendly towards it's citizens when it comes to taxation according to a recent study by Kiplinger.
In this same study, Arizona was ranked as the 7th most tax-friendly State in the Country. State income tax sits at 2.59% - 4.54% depending upon total individual or joint income. Sales tax in Arizona is 5.6% and our gas tax is $0.19 per gallon. Arizona's property tax rates are also among the lowest in the U.S. and ranks us as number 16th in the Nation.
Projected job growth in Arizona for this year(2015) was set at a healthy 3% which ranks us 8th Nationally. Job producers in the State are creating employment primarily in the fields of health care, insurance, and housing. The projected 2015 unemployment rate for Arizona was also forecast at 5.6%.
Job growth and low taxes are a combination that can't be beat when it comes to finding the right place to start a career or a family. If you've been on the fence and have been thinking of relocating you or your family to a new State and a fresh start, then consider Arizona as a serious contender. Contact us here at Zion Realty! We are a locally owned Arizona Real Estate company who will find you the perfect place to call home here in our great State.