Tempe Arizona CPA
Tempe is a residential community south of Phoenix consisting of about 185,000 people. It covers about 40 square miles. Tempe was settled in 1865 with the establishment of Fort McDowell. Early settlers used canals originally designed and built by the Hohokam native Americans and which had been abandoned in the 15th century. The Maricopa and Phoenix Railroad was built in 1881 connecting the area with an expanding transportation system. The Roosevelt Dam was completed in 1911.
In the 20th and into the 21st century Tempe has grown as a residential suburb, educational center and business and sports host. About three fourths of the population is Caucasian, six percent black, six percent Asian and the remainder racially diverse.
AZ CPA Pro PC serves a broad and varied clientele in Tempe. Major industries served include medical, real estate, construction, and services. Tempe charges a sales or Transaction Privilege Tax of 2.5% which, when added to the 5.6% county tax totals 8.1% of taxable sales. Businesses must register and obtain a license to do business in the city. Property tax increases are limited to 1% of the property’s full value. The city does not impose an income tax.
Median household income is about $42,000 per year.
Notable attractions include:
Sun Devil Stadium has hosted the Arizona Cardinals of the National Football League until it moved to the Glendale stadium. In connection with Arizona State University, Tempe is home to a variety of collegiate athletic activities.