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Just as the housing boom has worn thin, property taxes are catching up with the one-third rise in the median value of all homes since 2000.
Property taxes -- the principal source of revenue for cities, counties and school districts -- are calculated by multiplying the nominal property-tax rate by the assessment ratio (the percentage of the value of the property that is taxed) by the value of the property. A USA Today analysis in 2006 said property taxes now consume a greater share of income (3.4%) than at any time since 1992.
Facing rebellious homeowners, at least 10 states cut property taxes in 2006, often counting on additional income and sales taxes to make up the difference.
The figures in this table, put together by the nonprofit Tax Foundation, are for property taxes paid by households on owner-occupied housing. As a result, they exclude property taxes paid by businesses, renters and others.
All data in the table come from the 2005 American Community Survey from the U.S. Census Bureau. Median tax is the median real estate tax paid on owner-occupied housing units for that state. The home-value statistic used is the median value of owner-occupied housing units for that state. The income statistic used is the median household income for those households that are owner-occupied housing units.
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| Property tax burdens by state | ||||||||
|---|---|---|---|---|---|---|---|---|
State | Median tax | Rank | Median value | Tax as % of home value | Rank | Median owner income | Tax as % of Income | Rank |
Alabama | $302 | 49 | $97,500 | 0.31% | 48 | $45,927 | 0.66% | 49 |
Alaska | $2,241 | 12 | $197,100 | 1.14% | 17 | $71,644 | 3.13% | 18 |
Arizona | $1,133 | 32 | $185,400 | 0.61% | 37 | $53,950 | 2.10% | 31 |
Arkansas | $459 | 46 | $87,400 | 0.53% | 42 | $43,785 | 1.05% | 46 |
California | $2,278 | 10 | $477,700 | 0.48% | 45 | $71,855 | 3.17% | 17 |
Colorado | $1,297 | 30 | $223,300 | 0.58% | 38 | $63,806 | 2.03% | 32 |
Connecticut | $3,865 | 3 | $271,500 | 1.42% | 10 | $77,247 | 5.00% | 4 |
Delaware | $806 | 39 | $203,800 | 0.40% | 47 | $63,361 | 1.27% | 45 |
Florida | $1,495 | 22 | $189,500 | 0.79% | 28 | $50,601 | 2.95% | 19 |
Georgia | $1,050 | 35 | $147,500 | 0.71% | 32 | $57,841 | 1.82% | 37 |
Hawaii | $924 | 38 | $453,600 | 0.20% | 49 | $72,275 | 1.28% | 44 |
Idaho | $1,226 | 31 | $134,900 | 0.91% | 24 | $49,712 | 2.47% | 28 |
Illinois | $2,904 | 7 | $183,900 | 1.58% | 7 | $62,061 | 4.68% | 6 |
Indiana | $1,079 | 34 | $114,400 | 0.94% | 23 | $53,459 | 2.02% | 33 |
Iowa | $1,355 | 26 | $106,600 | 1.27% | 12 | $52,237 | 2.59% | 26 |
Kansas | $1,337 | 27 | $107,800 | 1.24% | 13 | $53,667 | 2.49% | 27 |
Kentucky | $693 | 43 | $103,900 | 0.67% | 36 | $46,390 | 1.49% | 40 |
Louisiana | $175 | 50 | $101,700 | 0.17% | 50 | $46,933 | 0.37% | 50 |
Maine | $1,742 | 19 | $155,300 | 1.12% | 18 | $51,692 | 3.37% | 15 |
Maryland | $2,159 | 13 | $280,200 | 0.77% | 29 | $77,349 | 2.79% | 21 |
Massachusetts | $2,974 | 6 | $361,500 | 0.82% | 25 | $75,213 | 3.95% | 9 |
Michigan | $1,846 | 18 | $149,300 | 1.24% | 14 | $56,029 | 3.29% | 16 |
Minnesota | $1,618 | 20 | $198,800 | 0.81% | 27 | $62,118 | 2.60% | 25 |
Mississippi | $416 | 47 | $82,700 | 0.50% | 44 | $40,656 | 1.02% | 47 |
Missouri | $1,012 | 36 | $123,100 | 0.82% | 26 | $51,678 | 1.96% | 35 |
Montana | $1,309 | 29 | $131,600 | 0.99% | 20 | $46,973 | 2.79% | 23 |
Nebraska | $1,889 | 17 | $113,200 | 1.67% | 3 | $54,344 | 3.48% | 13 |
Nevada | $1,445 | 23 | $283,400 | 0.51% | 43 | $60,890 | 2.37% | 29 |
New Hampshire | $3,920 | 2 | $240,100 | 1.63% | 5 | $66,840 | 5.86% | 2 |
New Jersey | $5,352 | 1 | $333,900 | 1.60% | 6 | $79,234 | 6.75% | 1 |
New Mexico | $707 | 42 | $125,500 | 0.56% | 40 | $45,435 | 1.56% | 39 |
New York | $3,076 | 4 | $258,900 | 1.19% | 16 | $67,029 | 4.59% | 7 |
North Carolina | $966 | 37 | $127,600 | 0.76% | 30 | $50,656 | 1.91% | 36 |
North Dakota | $1,326 | 28 | $88,600 | 1.50% | 8 | $50,233 | 2.64% | 24 |
Ohio | $1,598 | 21 | $129,600 | 1.23% | 15 | $54,522 | 2.93% | 20 |
Oklahoma | $635 | 45 | $89,100 | 0.71% | 31 | $46,215 | 1.37% | 42 |
Oregon | $1,910 | 16 | $201,200 | 0.95% | 22 | $55,588 | 3.44% | 14 |
Pennsylvania | $1,937 | 14 | $131,900 | 1.47% | 9 | $54,282 | 3.57% | 10 |
Rhode Island | $3,071 | 5 | $281,300 | 1.09% | 19 | $68,935 | 4.45% | 8 |
South Carolina | $642 | 44 | $113,100 | 0.57% | 39 | $48,210 | 1.33% | 43 |
South Dakota | $1,404 | 25 | $101,700 | 1.38% | 11 | $50,317 | 2.79% | 22 |
Tennessee | $794 | 40 | $114,000 | 0.70% | 33 | $48,689 | 1.63% | 38 |
Texas | $1,926 | 15 | $106,000 | 1.82% | 2 | $54,610 | 3.53% | 12 |
Utah | $1,130 | 33 | $167,200 | 0.68% | 34 | $57,529 | 1.96% | 34 |
Vermont | $2,835 | 8 | $173,400 | 1.63% | 4 | $55,892 | 5.07% | 3 |
Virginia | $1,418 | 24 | $212,300 | 0.67% | 35 | $66,473 | 2.13% | 30 |
Washington | $2,250 | 11 | $227,700 | 0.99% | 21 | $63,331 | 3.55% | 11 |
West Virginia | $389 | 48 | $84,400 | 0.46% | 46 | $40,088 | 0.97% | 48 |
Wisconsin | $2,777 | 9 | $152,600 | 1.82% | 1 | $57,975 | 4.79% | 5 |
Wyoming | $737 | 41 | $135,000 | 0.55% | 41 | $52,829 | 1.40% | 41 |
District of Columbia | $1,444 | $384,400 | 0.38% | $77,820 | 1.86% | |||
Published Feb. 7, 2007
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