Tag Archive for ‘property tax’

Property Taxes by State – 2016

The 2016 American Community Survey data shows that New Jersey still leads the nation with the highest average annual real estate tax (RET) bill of $8,374—$7,707 more than RETs paid by Alabama’s homeowners. The difference between the highest-taxed state (New Jersey) and lowest (Alabama) grew by $481 in 2016. The overall distribution remained roughly unchanged since 2015, as the composition… Read More ›

Property Tax Revenue Keeps Climbing

NAHB analysis of the Census Bureau’s quarterly tax data shows that $549 billion in taxes were paid by property owners over the four quarters ending in Q1 2017.[1] This represents an $8 billion—or 1.5%—increase over the previous trailing four quarters.  After slowing in three consecutive quarters, the growth rate of property tax receipts has now accelerated over the last two and remains robust… Read More ›

Property Taxes by State – 2015

The 2015 American Community Survey data shows that New Jersey still leads the nation with the highest average annual real estate tax (RET) bill of $8,180—$7,528 more than RETs paid by Alabama’s homeowners. The overall distribution remained roughly unchanged since 2014, as the composition of the top and bottom ten remained the same. The map below clearly illustrates that the highest property… Read More ›

Property Tax Revenue Grows Over Four Percent

NAHB analysis of the Census Bureau’s quarterly tax data shows that $524 billion in taxes were paid by property owners over the four quarters ending in Q1 2016. This represents a $22 billion—or 4.4%—increase over the previous trailing four quarters, the largest percentage increase since 2009. Property taxes accounted for 39.3% of state and local tax receipts, the largest share… Read More ›

Property Tax Revenue Grows Nearly Four Percent

NAHB analysis of the Census Bureau’s quarterly tax data shows that $519 billion in taxes were paid by property owners over the four quarters ending in Q3 2015. This represents a $19 billion—or 3.9%—increase over the previous trailing four quarters, the largest annual increase since early 2010. Property taxes accounted for 39.1% the largest share, of state and local tax… Read More ›

Property Tax Collections Increase

According to NAHB analysis of Census Bureau’s quarterly data, property taxes made up 38.9% of state and local tax receipts among major sources over the last four quarters. Property tax collections, including commercial real property taxes and personal property taxes, totaled more than $503 billion over the last year. This represents an increase of almost $13 billion, as measured on a four-quarter trailing basis, or… Read More ›

State/Local Corporate Income Tax Receipts Increase 6.2%

Although the corporate income tax represents the smallest share state and local tax receipts, third quarter collections experienced the largest increase from the same quarter one year ago. In the third quarter of 2014 approximately $11.5 billion was collected in corporate income tax receipts or an increase of 6.2% from the third quarter of 2013. Over the same period individual… Read More ›

Property Tax 40.3% of State and Local Tax Receipts

From the third quarter of 2013 through the end of the second quarter of 2014, $493 billion in taxes were paid by property owners. This represents a nominal increase over the previous trailing four-quarters. Overall, state and local tax receipts from the third quarter of 2013 through the end of the second quarter of 2014 was $1,223 billion in all four of… Read More ›