How High Are Property Taxes in Your State?
by Kate Scanlon: What is the property tax rate in your state? A new map from the Tax Foundation has the answer.
The Tax Foundation, a non-partisan research think-tank based in Washington, D.C., notes that states tax property in a variety of ways and that the rates listed are the “effective rate” paid by the taxpayer.
Jared Walczak, a policy analyst with the Center for State Tax Policy at the Tax Foundation, writes that the map “cuts through this clutter, presenting effective tax rates on owner-occupied housing.”
“This is the average amount of residential property tax actually paid, expressed as a percentage of home value,” Walczak wrote.
New Jersey has the highest rate at 2.38 percent.
Illinois has the second highest rate at 2.32 percent, followed by New Hampshire at 2.15 percent and Connecticut at 1.98 percent.
Hawaii has the lowest rate at 0.28 percent. Alabama has the second lowest rate at 0.43 percent, then Louisiana at 0.51 percent and Delaware at 0.55 percent.
Curtis Dubay, a research fellow in taxes and economic policy at The Heritage Foundation, said that “people generally hate property taxes because they have to pay them directly, unlike income taxes that are withheld from their paychecks.”
“Property taxes are directly correlated to how much a town or county spends. If someone doesn’t think they’re getting good value for what they pay in property taxes, they need to convince their local government to spend less.”
Where does your state rank?
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Kate Scanlon (@scanlon_kate) is a news reporter for The Daily Signal and graduate of The Heritage Foundation's Young Leaders Program.
Tags: property tax, taxes, 50 states, United States, The Tax Foundation, map, Kate Scanlon, The Daily Signal To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
The Tax Foundation, a non-partisan research think-tank based in Washington, D.C., notes that states tax property in a variety of ways and that the rates listed are the “effective rate” paid by the taxpayer.
Jared Walczak, a policy analyst with the Center for State Tax Policy at the Tax Foundation, writes that the map “cuts through this clutter, presenting effective tax rates on owner-occupied housing.”
“This is the average amount of residential property tax actually paid, expressed as a percentage of home value,” Walczak wrote.
New Jersey has the highest rate at 2.38 percent.
Illinois has the second highest rate at 2.32 percent, followed by New Hampshire at 2.15 percent and Connecticut at 1.98 percent.
Hawaii has the lowest rate at 0.28 percent. Alabama has the second lowest rate at 0.43 percent, then Louisiana at 0.51 percent and Delaware at 0.55 percent.
Curtis Dubay, a research fellow in taxes and economic policy at The Heritage Foundation, said that “people generally hate property taxes because they have to pay them directly, unlike income taxes that are withheld from their paychecks.”
“Property taxes are directly correlated to how much a town or county spends. If someone doesn’t think they’re getting good value for what they pay in property taxes, they need to convince their local government to spend less.”
Where does your state rank?
-------------
Kate Scanlon (@scanlon_kate) is a news reporter for The Daily Signal and graduate of The Heritage Foundation's Young Leaders Program.
Tags: property tax, taxes, 50 states, United States, The Tax Foundation, map, Kate Scanlon, The Daily Signal To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
3 Comments:
Paying rent to the county or city for your whole life even after paying off the bank sucks. But paying the payroll tax while Congress wines and dines is worse. Support the Fair Tax and end the payroll tax altogether and pay your house loan off seven years sooner!
Jeff, Even our forefathers recognized property taxes,and excise taxes. They never envisioned an Income Tax which began as a tax on the wealthy and eventually became a tax on the labor of the working class. Agree it is time for repeal of Income Taxes and either the FairTax or a massive duty on imports, especially luxury items, from other countries and the extreme downsizing of a bloated government (except for the military).
I do not have a problem with property taxes with the Fair Tax being implemented. Property size is a Choice just as your Choice of retail services and retail products for quality of life under the Fair Tax. But the point I made is still point on. You never truly own your property with a property tax.
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