Mansions for Sale in Arizona

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Average Mansion and Luxury Home Prices in Arizona

Paradise Valley	Maricopa	AZ	1,650,000
Scottsdale	Maricopa	AZ	829,000
Scottsdale	Maricopa	AZ	740,000

General
Arizona is located in the southwestern region of the United States. It's capital and largest city is Phoenix. The second largest city is Tucson, followed by four Phoenix metropolitan cities Mesa, Glendale, Chandler, and Scottsdale.

Arizona was the 48th and last of the contiguous states admitted to the Union on February 14, 1912. Arizona is noted for its desert climate, exceptionally hot summers, and mild winters, but the high country in the north features pine forests and mountain ranges with cooler weather. Population figures for the year ending July 1, 2006 indicate that Arizona was at that time the fastest growing state in the United States, exceeding the growth of the previous leader, Nevada, and is currently the second.

Arizona is one of the Four Corners states. It borders New Mexico, Utah, Nevada, California, and touches Colorado. Arizona has a 389-mile (626 km) international border with Mexico. In addition to the Grand Canyon, many other national forests, parks, monuments, and Indian reservations are located in the state.

Economy
The 2006 total gross state product was $232 billion. If Arizona (and each of the other US states) were an independent country along with all existing countries (2005), it would have the 61st largest economy in the world (CIA - The World Factbook). This figure gives Arizona a larger economy than such countries as Ireland, Finland, and New Zealand. Arizona currently has the 21st largest economy among states in the United States.

The state's per capita income is $27,232, 39th in the U.S. Arizona had a median household income of $46,693 making it 27th in the country and just shy of the US national median. Early in its history, Arizona's economy relied on the "Five C's": copper, cotton, cattle, citrus, and climate (tourism). At one point Arizona was the largest producer of cotton in the country. Copper is still extensively mined from many expansive open-pit and underground mines, accounting for two-thirds of the nation's output.

Taxes
Arizona collects personal income taxes in five brackets: 2.87%, 3.20%, 3.74%, 4.72% and 5.04%. The 'sales tax' is generally around 6.3%.

The state rate on transient lodging (hotel and motel) is 7.27%. The state of Arizona does not levy a state tax on food for home consumption or on drugs prescribed by a licensed physician or dentist. However, some cities in Arizona levy a tax on food for home consumption.

All fifteen Arizona counties levy a tax. Incorporated municipalities also levy transaction privilege taxes which, with the exception of their hotel and motel tax, are generally in the range of 1-to-3%. These added assessments could push the combined sales tax rate to as high as 10.7%.

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