Eye On Housing
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 $672.5 billion in taxes were paid by property owners in the four quarters ending Q4 2021 (not seasonally adjusted), a 1.0% quarterly increase.[1] Four-quarter property tax revenues declined 0.6% in Q3 2021, the second such decrease since 2012. Property taxes accounted for 36.2% of state and local tax receipts, a 0.8… 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 ›
Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2019, the difference between average real estate taxes paid by New Jersey and Alabama home owners was $7,974. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($8,687) as well as… 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 ›
New NAHB research based on the latest 2019 American Housing Survey (AHS) shows that, on average, homeowners spend around $9,240 per year to operate and maintain a single-family detached home. This includes property taxes, insurance, maintenance and utilities, with property taxes being the costliest component. Annual operating costs increase consistently with household income, home size and value. When measured as… 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 ›
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 ›