Arizona Taxes

Arizona is known for being tax- friendly to retirees.   It has no state property tax; individual jurisdictions set their own property tax rates.  Seniors that receive less than $3,750 a year are eligible for a property tax credit of $502.  The income tax ranges from 2.59% to 4.54%. Social Security benefits are exempt from taxation. Up to $2,500 of retirement income is exempt as well. Currently, there is no tax on inheritances, gifts or estates.  There is, though, a state sales tax.

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Apache Junction Population:  37,000   |   Percentage Age 45 or Better:  49%   |   Cost of Living:  8% Below Above U.S. Average   |   Crime Rate:  Meets U.S. Average

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Arizona Stats:

Population, year 2009 estimate - 6,595,778

Persons 65 years old and over, year 2009 - 13.1%

High school graduates, percent of persons age 25+, year 2000 - 81%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 23.5%

Persons of Hispanic or Latino origin, percent, year 2009 - 30.8%

White persons, not Hispanic, percent, year 2009 - 57.3%

Median household income, year 2008 - $51,009

Social Security taxed? No

Source: U.S. Census Bureau

 

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