Tag Archive for ‘property taxes’

Property Taxes Account for 40 Percent of State and Local Tax Revenue in Q1 2019

NAHB analysis of the Census Bureau’s quarterly tax data shows that $594 billion in taxes were paid by property owners over the four quarters ending in Q1 2019.[1] It has been seven years since four-quarter property tax revenues declined. After accelerating in the third and fourth quarters of 2017, the four-quarter growth rate of property tax revenue has slowed in… Read More ›

Property Taxes by Congressional District

Earlier this year, NAHB released 2017 property taxes by state as a blog post and as a longer special study. However, in light of changes made to the tax code by the Tax Cuts and Jobs Act (TCJA), further refining the statistics by congressional district is instructive to both members of Congress as well as their constituents. Property Tax Payments,… Read More ›

Property Taxes by State – 2017

Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2017, the difference between average real estate taxes paid by New Jersey and Alabama home owners was nearly $8,000. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($8,485) as well… Read More ›

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 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 Collections Total $500 Billion Over Last Four Quarters

According to NAHB tabulations of the Census Bureau’s quarterly data, property taxes constituted 39.5% of state and local tax receipts among major sources over the last four quarters. From the first quarter of 2014 to the end of the first quarter of 2015, sales taxes and individual taxes were responsible for 28% each. At 4.5%, corporate income taxes held the smallest share of state… Read More ›