Eye On Housing
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $174 billion in taxes were paid by property owners in the first quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q1 2023, state and local governments collected $714 billion of property tax revenue. The year-over-year growth rate of property tax collections is more… Read More ›
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $672.9 billion in taxes were paid by property owners in the four quarters ending Q1 2022 (not seasonally adjusted), a 0.1% quarterly increase.[1] State and local governments collected $1.9 trillion over the same period, the largest amount on record (nominal and real) and 16.0% more than… Read More ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $707.6 billion in taxes were paid by property owners in the four quarters ending Q3 2021 (not seasonally adjusted), a 0.5% quarterly decline.[1] Four-quarter property tax revenues had climbed 14.3% since decreasing 0.2% in Q2 2020. The decline in Q3 2021 was only the second such decrease since 2012. Property taxes… Read More ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $703.5 billion in taxes were paid by property owners in the four quarters ending Q2 2021.[1] Four-quarter property tax revenues have climbed 13.2% since decreasing 0.2% in Q2 2020 (the first decrease since 2012). Year-over-year growth of four-quarter property tax revenue has accelerated each of the past four quarters. Prior to… Read More ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $633.9 billion in taxes were paid by property owners in the four quarters ending Q3 2020.[1] Four-quarter property tax revenues have declined just once over the last eight years and are more than $100 billion (19.2%) higher than they were four years ago. Year-over-year growth of four-quarter property tax… Read More ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $601 billion in taxes were paid by property owners over the four quarters ending in Q2 2019.[1] It has now been more than seven years since four-quarter property tax revenues declined. After decelerating each quarter in 2018, the four-quarter growth rate of property tax revenue has increased in the… Read More ›
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 ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $583 billion in taxes were paid by property owners over the four quarters ending in Q2 2018.[1] It has now been nearly six years since the last time four-quarter property tax revenues declined. After accelerating in the third and fourth quarters of 2017, the four-quarter growth rate of property… Read More ›
The business interest deduction has been a staple of the tax code for over a century. Deducting interest is important in home building, as debt is a critical financing tool and access to equity markets is challenging for the majority of home builders. The new tax law alters the business interest deduction (BID) by placing a cap on the amount… Read More ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $556 billion in taxes were paid by property owners over the four quarters ending in Q3 2017.[1] It has now been five and a half years since four-quarter property tax revenues last declined, although the growth rate has slowed and is behind that of corporate income taxes and individual income taxes… Read More ›