How Much Do Americans Pay In Property Taxes?

Owning a home in America is never truly “free”. You can pay off your mortgage, yet you will still have to pay a tax bill for your state and local government yearly.  In fact, local and state governments depend on this tax feature as it accounts for 32% of their overall collections.

What is the average property tax bill in America? This answer was found in an article by the Wall Street Journal as they examined people moving to different states to avoid high property taxes. 

The average property tax bill in the U.S. in 2018 was about $3,500, according to Attom Data Solutions, a real-estate data firm. But many residents in New York, New Jersey, Connecticut and California had been deducting well over $10,000 a year. In Westchester County, N.Y., the average property-tax bill was more than $17,000, the highest in the country.

Published by Hoosier Econ

Located out of Central Indiana. Blogger of economics, politics and societal trends. B.S. Criminology/Associate of Science Psychology Sixteen plus years in Criminology field with intelligence background on terrorism and crime.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: