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Phoenix. Median home price: $450,000 Median home price change (year-over-year): +2.4% Average time on the market: 51 days Interestingly, home prices are actually up in Phoenix, Arizona.
The population of the Phoenix metropolitan area increased by 45.3% from 1990 through 2000, compared to the overall U.S. rate of 13.2%, helping make Arizona the second-fastest growing state in the nation in the 1990s behind Nevada. [6]
In 1980, Phoenix dwarfed other cities in the region with a population of 789,704. [6] Mesa was the next biggest city with a population of 152,404, followed by Tempe with a population of 106,919. [6] A group called the Phoenix 40 heavily influenced the region's politics and business matters affecting the entire region. [6]
The violent crime rate peaked in 1993 at 1146 crimes per 100,000 people, while the property crime rate peaked a few years earlier, in 1989, at 9,966 crimes per 100,000. [291] In 2001 and 2002, Phoenix ranked first in the nation in vehicle thefts, with over 22,000 and 25,000 cars stolen each year respectively. [292]
Proposition 130 would restore property tax exemptions for veterans with disabilities and protect existing exemptions for other groups.
t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...
That year, earnings surpassed US$200 million again, and by early the next year the stock price began approaching its old 1987 high. Also in 1995, the utility subsidiary Arizona Public Services issued 30-year Monthly Income Debt Securities paying 10%. [6] The first solar plant in Arizona was opened by Pinnacle West in Flagstaff in 1997. [12]
Next, multiply the mill rate by the home’s taxable value to determine your property taxes. For example, if there are 9.5 total mills in your local tax district and your home’s taxable value is ...
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