Variation in Real Estate Taxes Depend on More than Geography

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Posted To: MND NewsWire

The highest property taxes in 2016 were paid by homeowners New Jersey, and the lowest were in Alabama. The difference between the two was impressive; $7,707. Using the Census Bureau’s 2016 American Community Survey, the National Association of Home Builders (NAHB) charts and tries to explain the distribution of real estate taxes (RET) nationwide. The data shows that the distribution of RET was little changed in 2016 from the previous year. The ten highest taxing states are found in the Northeast while the lowest bills are found, with the exception of Texas, in the South. New Jersey property owners paid an average of $8,374 in taxes last year, widening its gap with Alabama by $418. Given the wide range of home prices or values nationwide, NAHB leveled the field by computing taxes at the state…(read more)

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