By Kristena Hansen
Phoenix Business Journal
Metro Phoenix may have weathered the worst of the housing crash, but regardless of the market’s erratic behavior, homeowners in two local cities have among the smallest property tax obligations in the nation.
According to a new study released this week by TurboTax, a tax preparation software company based in San Diego, Mesa and Phoenix homeowners pay the second and fourth lowest property taxes, respectively, of any major metropolitan area.
The report is based off the latest figures from the U.S. Census Bureau’s 2012 American Community Survey, the Tax Foundation (2012 data) and the Minnesota Taxpayers Association (2011 data).
In Mesa, homeowners pay an average of $735 in annual property tax, or 0.5 percent of the median home price. Mesa was second to only Detroit’s annual average of $547, or 0.3 percent of the median home price.
