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Who Pays America's Highest (and Lowest) Property Taxes?
The second biggest cost of home ownership—following the
mortgage—is usually property taxes. In 2012, U.S. homeowners paid an average of
about $2,800 in property taxes, according to a recent Zillow study. And if you
live in New York, New Jersey, or Colorado your taxes were in some cases five
times more than the national average. The numbers are based on an average of
real estate taxes paid on single family housing in 2012.
The residents of Westchester County in New York pay more in
property taxes than the typical resident of any other major American county.
The average property tax bill for a single family home in Westchester County
comes to $14,829 a year.
Adjusting for the average cost of single-family homes in
each county, homeowners in Allegany County, NY win the award for the highest
property tax burden. The average tax obligation of $2,549 in Allegany County
amounts to 3.8 percent of the average single family home value; in Westchester
County, the average tax obligation is slightly lower, at 2.5 percent of the
county’s average home value. Nationally, the typical homeowner is spending
approximately 1.4 percent of their home’s value on annual property taxes. See
the full rankings below.
Highest Property
Taxes as a Percent of Home Value
Allegany County, N.Y. (3.76 percent)
Milwaukee County, Wis. (3.68 percent)
Kendall County, Ill. (3.57 percent)
Sullivan County, N.Y. (3.56 percent)
Orleans County, N.Y. (3.49 percent)
Lowest Property Taxes
as a Percent of Home Value
Caroline County, Va.( 0.17 percent)
Catahoula County, La. and Randolph Ariz, (0.2 percent)
Iberville County, La. and Cumberland County, Tenn. (0.21
percent)
Butler County, Penn. and Maui County, Hawaii (0.22 percent)
Elmore County, Ala. and De Soto County, La. (0.23 percent)
For more information go to http://findneworleansproperties.com/
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