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New York, New Jersey Lead Nation in Property Tax Burden

May 27, 2011 Comments off

New York, New Jersey Lead Nation in Property Tax Burden
Source: Tax Foundation

For some time now, the Tax Foundation has published median property tax statistics for counties in the United States. These statistics are based on data from the American Community Survey. Previously, data limitations meant that only mid- to high-population counties could be included in the rankings. 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.

The Census Bureau recently released American Community Survey data as a five-year average, from 2005 to 2009. The larger number of survey responses and correspondingly larger sample sizes included in this five-year period allows estimates to be calculated for every county (or county-level entity) in the United States. Previously, these data releases were limited to one-year or three-year averages, and the lower sample sizes for these releases meant that only mid- to high-population counties were included.

Our data release includes nearly all 3,139 counties in the United States. We excluded 217 counties from our rankings because of their unreliably small sample size, for a final universe of 2,922 counties.

Hunterdon County, New Jersey ranks first for median property taxes. For median property taxes as a percentage of median home value, Orleans County, New York takes the top spot, and all of the top ten counties for this statistic are in upstate New York. Finally, the No. 1 county for median property taxes as a percentage of median household income is Passaic County, New Jersey.

Categories: housing and real estate, lists and rankings, Tax Foundation, taxation
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