Morristown — Financial Data

194 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Arizona and Morristown.

Component	Summary	Effective	Coverage	Sources
AZ state individual income tax	Arizona individual income tax uses a flat 2.5% rate.	Tax year 2025 guidance.	Rate missing	Arizona individual income tax highlights
AZ transaction privilege/use tax (state base)	Arizona state transaction privilege/use tax rate is 5.6%; local city and county rates can apply in addition.	Current ADOR guidance (as accessed April 18, 2026).	Rate missing	Arizona understanding use tax; Arizona transaction privilege tax
AZ property tax policy (state-county administration)	Arizona property tax administration is shared by ADOR and county assessors/treasurers, with local jurisdictions setting overall rates.	Current ADOR guidance (as accessed April 18, 2026).	Needs review	Arizona property tax; Arizona property tax FAQs

Community Profile

Census Bureau ACS 5-year estimates

0.0% Poverty Rate 2023

21.1% Bachelor's+ Rate 2023

0.0% Unemployment Rate 2023

96.7% Homeownership Rate 2023

Median Household Income

$72,083 (2023)

2011 2023

Per Capita Income

$36,157 (2023)

2011 2023

Median Home Value

$267,900 (2022)

2011 2022

Median Gross Rent

$332 (2019)

2012 2019

Median Age

64.8 (2023)

2011 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.2 (2023)

2011 2023

Financial Documents (12)

Year	Title	Type
2023	Morristown Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Morristown Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Morristown Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5
2019	Morristown Census ACS 5-Year Estimates 2019	US_CENSUS_ACS5
2018	Morristown Census ACS 5-Year Estimates 2018	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.