The Tax Foundation has created a state by state comparison of property taxes using 2009 U.S. Census data. The review utilized three criteria: median property tax paid, property tax as percentage of a home’s worth, and property tax as a percentage of median income. In all three comparisons, Florida ranked right in the middle. New Jersey came in at No. 1 and Louisiana finished at No. 50.
Based on the three criteria, the study found the following results:
- The median property tax paid on a home in Florida was $1,773.00, ranking it at No. 23. New Jersey homeowners paid $6,579.00; in Louisiana, the median homeowner paid only $243.00. The median property tax paid nationwide was $1,917.00.
- As a percentage of the home’s value, Florida ranked No. 22 based on a median home price of $182,400. New Jersey again ranked No. 1 based on a median price of $348,300, while Louisiana’s median home value was $135,400. The national median home value used for the study was $185,200.
- Using a percentage of homeowner’s income, Florida ranked No. 18 based on a median of $53,595.00 per household. New Jersey’s median income was $88,343.00, while Louisiana homeowners made $50,545.00. The national median income was $63,306.00.
To read the complete report, visit the Tax Foundation’s review at: Tax Foundation – New Census Data on Property Taxes on Homeowners
Gulf Coast Associates, Realtors
Bonita Springs, Florida
Specializing in Southwest Florida Real Estate for Sale