News
CNN: Money | Who pays the most in property taxes?
Of the 10 counties with the highest property taxes in the United States, all are in New Jersey and New York. Connecticut and New Hampshire also had counties that finished high in the rankings.
Econ Comments
Washington Post | California Gov. Jerry Brown is too eager to embrace taxes
On Monday, Brown reported good news that actually is bad news for his agenda, which he has modified hardly at all. An unanticipated $6.6 billion in tax revenue over the next 13 months will reduce the projected $15.4 billion deficit, but will also reduce the force of his dire warnings about a budget balanced only by spending cuts. Yet he still insists on five-year extensions of higher sales and vehicle taxes. His only concession to the revenue windfall is to propose higher income taxes for four rather than five years.
Reports
Tax Foundation | New York, New Jersey Lead Nation in Property Tax Burden
Now, for the first time, we are pleased to present data that includes nearly all counties in the United States. We rank counties three different ways: by median property taxes paid on homes, by median property taxes as a percentage of median home values, and by median property taxes as a percentage of median household income.
