Find out how much it costs to live in Scottsdale.
Scottsdale has more to offer its residents than just warm weather. Rated by Kiplinger as "Most Tax Friendly", Arizona has a low income tax, no social security tax, and a low cost of living, all helping retirees to stretch their funds a long way.
State Income Tax:
Social Security Tax?
County + State Sales Tax
Property Tax Rate *
Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *
Cost of Living Index (100=average):
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Single homeowners and renters 65 and older who earn $3,750 or less and married couples who earn $5,500 or less are eligible for a property tax credit. Homeowners who are at least 70 years old, have either resided in their primary residence for at least six years or have lived in the state for at least ten years, and do not receive more than $10,000 of taxable income per year can defer their property taxes. Homeowners who are at least 65 years old, have resided in their primary residence for at least two years and fall below certain income limits (for 2014, one owner of a property must have total income of $34,608 or less, and multiple owners of a property must have income of $43,260 or less) can apply to the assessor by September 1 to have the valuation of their property frozen for three years. The freeze can be renewed every third year.
For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/
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To learn more about real estate in Scottsdale book a visit and we'll help you find the right place to live.
With an average unemployment rate and a high percentage of individuals 65+ employed, retirees moving to Scottsdale should have some employment options. Some of the top employers include Scottsdale Healthcare, the Mayo Clinic, General Dynamics, and the Scottsdale Unified School district. With over half of those 65+ employed working part time, retirees can get the benefit of a part time job, while still taking full advantage of all that the city has to offer.
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