Posted on 09/13/2007 10:51:28 PM PDT by Coleus
New York and New Jersey residents paid the highest property taxes in the United States in 2006 - as much as $6,500 more than the national median, according to a report released yesterday. Hunterdon County, N.J., won the dubious distinction of imposing the country's highest property taxes on its residents, displacing Westchester, which is now third, the Tax Foundation, a nonpartisan research group, said. Median real-estate taxes for Hunterdon totaled $7,999, followed by the $7,706 bill paid by homeowners in Nassau, which placed second.
Westchester residents paid $7,626, according to the report. The rest of the Top 10 property-taxed counties also were in New York and New Jersey.
Well down on the list was Manhattan. It placed 71st, with an average of $3,565 in taxes - although the median home value was $787,900, one of the highest in the nation.
Staten Island finished in 158th place, with an average property-tax bill of $2,562.
Brooklyn and Queens placed 171st and 172nd, with $2,523 and $2,521 in taxes respectively.
The Bronx was 248th, with an average of $2,064.
Nationally, the median property tax was $1,541.
In New Jersey, the median value of a home was $366,600. New York state's median home value was $303,400.
By this measure, both states were far eclipsed by California, whose median home value was $535,700, the nation's highest.
But in California the median property tax was just $2,510.
The rankings were based on the latest data from the Census Bureau. "The story for the states is much the same as for the top counties: the Northeast area of the country has the highest property taxes, along with pockets elsewhere, such as Wisconsin, Texas and Illinois," the research group said.
Texas has passed property-tax reform since the data were tallied, it added.
(Excerpt) Read more at nypost.com ...
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
///not if I can help it.
sorry - as much as shes a satanic figure - this is patakis fault
Yeah? Well someone needs to tell my county tax assessor. I'm essentially renting my home from the county for $6k per year.
There is no one who actually owns a homestead in any of the affluent areas of NJ. After 15 to 25 years your taxes if invested would be worth more than your home. The amount of taxes, if put into a low risk low interest investment vehicle will have the investment far exceed the return seen on any home value in the state.
This has to come crashing down soon, once the baby boomer government employees in the state start to retire. Should be interesting times ahead.
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