We have had several posts about property taxes and their importance to your bottom line and your property’s value. The NAHB’s Eye on Housing says that property taxes can vary widely across states both in terms of annual taxes paid as well as effective tax rates. There data show some interesting corollaries with those states with high overall taxes and those with lower tax climates. Indeed….
“State and local property taxes tax more than just residential real estate. State and local governments also collect property taxes on commercial real estate, industrial real estate, and personal property owned by individuals as well as businesses.”