Houston’s property tax rate is Number 1. in the nation
Posted by Terra Houstonia on May 7, 2007
And this is the first place many of us would not like to see. A new report by the Tax Foundation, titled “Property Tax Collections Surged with Housing Boom” confirms what we’ve, already, seen in our new property tax assessment for 2007.
Key findings of above mentioned report are:
1. Property taxes highest in the Northeast, Texas, Illinois, and Wisconsin.
2. New York and New Jersey dominate list of high-tax counties
3. About half of all property taxes go to public schools
4. Property taxes rose faster than incomes from 2002 to 2004
5. Housing market decline may force local government to cut spending or raise property taxes.
To read the full report, please go to Property Tax Collections Surged with Housing Boom
