Thursday, November 21, 2024
Hawai'i Free Press

Current Articles | Archives

Monday, January 6, 2014
High Home Values Give Hawaii Low Property Tax Percentage
By News Release @ 11:23 PM :: 5750 Views :: Hawaii Statistics, Taxes

RESIDENTIAL PROPERTY TAXES IN THE UNITED STATES
 
by Benjamin H. Harris and Brian David Moore, Urban-Brookings Tax Policy Center November 18, 2013
 
ABSTRACT
 
This brief presents an overview of residential property taxes in the United States. The brief considers recent trends in aggregate property tax revenues and examines the property tax at the county level. Property taxes are an important source of revenue for local governments, though effective property tax rates vary substantially by state and region. The counties with the highest property tax burdens tend to be in New York and New Jersey, while the counties with the lowest property tax burdens are located in Alabama and Louisiana. Most counties levy property taxes that are around $1,000 per homeowner and below 1 percent of house value....

  *   *   *   *   *

Using data from the American Community Survey (ACS), this brief provides an overview of self-reported property taxes in the United States, including aggregate trends and
variation across localities. Several important results emerge. One, most self-reported property tax burdens are between 0.5 percent and 1.0 percent of the home value, amounting to between $500 and $2,000. Two, these self-reported burdens vary substantially by region, with especially high rates in the Northeast and parts of the Midwest. Three, while property tax burdens vary substantially across counties—with property taxes as a share of home values ranging from 0.2 percent (Maui County, Hawaii) to 3.1 percent (Wayne County, New York) in 2011—most of the variation is due to variation across rather than within states, in part reflecting state laws and dependence on property taxes versus other state and local revenue sources....

  *   *   *   *   *

Self-reported residential property tax burdens vary by state. Most states have average per household property tax revenues between $1,000 and $3,000, but a handful of states fall out of this range. Over 2007–2011, ten states had average property tax collections in excess of $3,000.  Eight states, almost all in the south, had average property taxes of $1,000 or less (table 1). As a share of housing values, residents in all but 14 states paid between 0.5 percent and 1.5 percent in taxes. Residents in three states, Delaware, Hawaii, and Louisiana, paid 0.5 percent or less, while residents in 11 states, Connecticut, Illinois, Michigan, Nebraska, New Hampshire, New Jersey,
New York, North Dakota, Texas, Vermont, and Wisconsin, paid more than 1.5 percent....

  *   *   *   *   *

LINK: FULL TEXT OF REPORT

Prop Taxes Paid Prop Tax as % of Home Value
# of Counties Mean Standard deviation Mean Standard deviation
Hawaii 2007-2011 4 $1,340 $403 0.25 0.05
Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii