This is due to the fact that Scottsdale primarily sells high-end brands, stores, boutiques and vehicles, so owners pay more for the superior quality they receive. The same goes for Scottsdale amenities, as the city contains many world-class lounges, tailors, spas and hotels. As demand for housing increases in Arizona, people are actually moving here to experience the lifestyle. What this means for homebuyers is that the value of a home in Scottsdale right now is as low as ever and will continue to increase in value every year.
If you are looking for a home in the area, now would be the best time to contact a local real estate agent who can find you a home that exceeds your expectations without stretching your wallet. If you set the average price of a home in Scottsdale and the average for Phoenix side by side, you'll find that the housing market in Scottsdale is almost twice as expensive. While Arizona has the eleventh highest sales tax rate of all 50 states, Scottsdale's lowest sales tax rate evens things out a bit to bring it closer to the national average. Although local homeowners pay higher prices for their homes, they do enjoy a lower property tax rate in Scottsdale compared to the national or Arizona average.
It also has great local amenities at places like the Scottsdale Fashion Square shopping center and Old Town Scottsdale. In total, the local sales tax rate is 8.050%, which includes Arizona sales tax, Maricopa County sales tax, and Scottsdale local rate. Phoenix's cost of living is seen in housing markets, proving that Scottsdale is much more expensive than the nearby capital of Arizona.