According to a recent study by SmartAsset, homeowners in 13 Arizona cities pay 2% or less of their yearly income on property taxes. Several Valley of the Sun suburbs rank among the top 10 least expensive in property taxes out of nearly 350 American cities. In Tempe, residents pay only 1.3% of their yearly income in property taxes, or a median of $1,893 a year, making it the fourth-cheapest city in the U.S. Glendale and Mesa closely trail Tempe, as homeowners spend only 1.4% of their yearly income on property taxes. Metro Phoenix’s San Tan Valley also ranks among the top 10 cheapest cities, with residents paying only 1.5% of their income in property taxes. These low amounts are in contrast to many east coast and Midwest cities where high tax assessments can be a barrier to home ownership.
