property taxes Guide

Georgias New Home Property Taxes Section


Georgias New Home Property Taxes Navigation


|

Taxes Guide Home Page
Partners
Tell A Friend about us
Clinton County Ohio Property Taxes |
Vacation Property Taxes Money Magazine |
Livingston Texas Property Taxes |
Spartanburg County Property Taxes |
Navarro County Texas Property Taxes |
Rhode Island Property Taxes |
Property Taxes Michigan |
Dekalb County Property Taxes |
New Mexico Property Taxes |
Whatcom County Property Taxes |
Property Taxes Paid Jefferson County Tx |
Rhode Island Property Taxes |
Property For Sale For Taxes Only |
Taxes Property |
Ca Property Taxes Calulator |

List of property-taxes Articles


Georgias New Home Property Taxes Best seller

Buy it Now!



Best Georgias New Home Property Taxes products

TurboTax - Choose Easy



Social bookmarking
You like it? Share it!
socialize it

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on property-taxes
Email:
First Name:



Main Georgias New Home Property Taxes sponsors

 



 

Welcome to property taxes Guide

Powered by Mortgage Calculator
Click here for Tax Liens Made Easy

Georgias New Home Property Taxes Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.


You may also listen to this article by using the following controls.

Your State’s Property Taxes and Other Taxes – How Does it Rank?

from: www.TaxesExposed.com


Property taxes are levied in the District of Columbia and every state. Property taxes are generally levied at the local level, either through the county, city or municipality. Many Americans pay property taxes at both the city and county level. Each state determines how they will charge property taxes and what the taxes will fund. As a result state property taxes vary greatly.

New Jersey ranks first in the amount of state property taxes paid. The average homeowner in New Jersey owns a home that is worth $334,000 and pays about $5300 a year in New Jersey property taxes. New Jersey taxes homes at 100% of the fair market value, which is unusual. Most other states tax your home at about 40% of the fair market value, which is one of the reasons that New Jersey property taxes are so much higher than most other states.

The lowest state property taxes are those paid in Louisiana. Residents of Louisiana pay, on average, just $175 in property taxes each year, and their homes are worth an average of $101,000.

Most states are consistent in that they charge property taxes at the local level and that the funds are primarily used to fund local programs, too. State property taxes are generally used to fund schools, roads, police support, fire support and local government budgets. In some states, a portion of the property tax you pay funds the state’s budget as well. Nearly all states’ property taxes are determined by the value of the resident’s home, though some states charge property taxes on other items besides homes and land.

Seven states in the US don’t charge state income tax. These are Florida, Alaska, Nevada, Texas, South Dakota, Washington and Wyoming. New Hampshire and Tennessee charge income tax only on income derived from interest and dividends; not your salaries and wages. These states typically make up their revenue deficiencies through higher sales and property taxes. The state of Maine has the highest income tax; taxing their residents at an average of 13.5% of their income.

Only five states don’t have state sales tax. These are Alaska, Delaware, Montana, New Hampshire and Oregon. In the other states, sales tax ranges from 2.9% in Colorado to 7.25% in California. States also charge gasoline tax (the national average is .45 a gallon including the federal tax too) and special taxes on tobacco products. Tobacco products have seen the most significant rise of any products in recent years. They vary widely by state, with some states charging as little as seven cents a pack to a whopping 2.58 cents per pack.


Christine Gray is a recognized authority on the subject of Online Taxes. Her website Taxes Exposed provides a wealth of information on everything you will need to know about Property Taxes. All rights reserved. Articles may be reprinted as long as the content and links remains intact and unchanged.



Other Georgias New Home Property Taxes related Articles

Hennepin County Property Taxes
Ohio Property Taxes
Hamilton County Tennessee Property Taxes
Pay Property Taxes
California Property Taxes

Do you want to contribute to our site : submit your articles HERE


 

Georgias New Home Property Taxes News

No relevant info was found on this topic.