Currently Reading

Tax Reform Highlights Focus on Property Taxes, Home Values


Tax Reform Highlights Focus on Property Taxes, Home Values

December 27, 2017
House exterior
Photo: Pixabay

In January 2017, The National Association of Home Builders' David Logan reported on average property taxes by state, an issue that received much attention due to the GOP's new tax reform bill.

Using 2015 American Community Survey data, the NAHB's Eye on Housing says that New Jersey led the nation with the highest average annual real estate tax (RET) bill of $8,180. The highest property tax states are located in the Northeast while Southern states have the lowest RET bills for their resident homeowners, except for Texas.

Property taxes account for 35 percent of state and local tax receipts, on average. Some state and local governments rely more heavily on property taxes as a source of revenue than others. Texas' local governments fund government obligations by levying the seventh highest effective property tax rate (1.63 percent) in the country, on average.

Read more


Related Stories

Housing Markets

August Housing Markets Still Down, but Less So

While active inventory, new listings, and closed sales were all still historically low in August, the declines weren't as sharp as in previous months

Market Data + Trends

Home Size and Price Trends for Age-Restricted, Single-Family Housing

how do the characteristics of new, age-restricted, single-family homes vary from other single-family homes?

Market Data + Trends

Why Is the Housing Market Behaving This Way?

2023 has been a confusing time in the housing market, but there's an upside for new-home builders


Top Articles


More in Category

COVID-19 may be easing its grip on the U.S. after a disastrous two years, but lingering supply chain disruptions have builders holding onto their pandemic business tactics

An archive of NHQA-winning companies that represent home building's best in Total Quality Management

Don’t let the current hype about single-family B2R communities obscure the need to create long-term sustainability and asset value


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.