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Property Tax Revenue Continues to Climb

Eyes on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] 1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6%

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How will California’s Proposition 19 impact property taxes?

Housing Wire

A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties. Presented by: CoreLogic.

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Property Taxes by State – 2022

Eyes on Housing

NAHB analysis of the 2022 American Community Survey data shows that New Jersey leads the nation with the highest average annual real estate tax (RET) bill ($9,285)—$8,425 more than yearly property taxes paid by Alabama’s homeowners ($860). The size of this disparity grew 1.1% in 2022 and has increased 9.3% since 2017.

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Property Taxes: Complete FAQ

BiggerPockets

It’s common to have questions about your property taxes, but one is more important than all the others combined: Why did my property taxes increase. Here are 19 frequently asked questions (FAQs) to help you understand property taxes as a whole, and with that, determine why your taxes have increased.

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Challenge to New York property tax system moves forward

Inman

An appeals court issued a ruling on Tuesday stating that a lawsuit challenging New York's property tax system was mistakenly dismissed

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Re-thinking property tax reporting can help meet lenders’ need for speed

Housing Wire

As these companies examine critical operational workflows, the property tax reporting process often stands out as an opportunity for re-engineering. Digitizing Property Tax Reporting. Given there are over 22,000 tax agencies in the U.S.,

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Property Tax Delinquency Rates Fell in 2021

Appraisal Buzz

CoreLogic has released its latest Real Estate Property Tax Delinquency Report, which analyzes real estate property tax delinquency changes on a state levels and nationally. The report, which measures national and state property taxes delinquency rate percentages ranging from 2011-2021.