Texas is among the countries with the highest property taxes
According to real estate data company ATTOM Data Solutions, Texas was one of the countries with the highest real estate tax rate in 2018.
The report comes at a time when state senators are discussing laws limiting future increases in taxes collected by local governments. Advocates of this kind of legislation argue that real estate taxes are very high. Meanwhile, some local school districts found that funding per student decreased, and in part, the government contributed less and more than large school grants, despite property tax increases.
ATTOM Data Solutions analyzed the real estate tax data from the county tax assessors’ offices to estimate the property taxes for a house with an average market value for the region. Moreover, in Texas, the average market value of a house was taxed as 2.18 percent, only third in New Jersey (2.25 percent) and Illinois (2.22 percent). In Harris County, the rate was even higher (2.26 percent).
“Property taxes levied on homeowners rose again in 2018 across most of the country,” said Todd Teta, ATTOM’s chief product officer. “There are still many factors at play that can contribute to local property tax hikes, and without major changes in the way a community runs public services, tax rates must rise to pay for them.”
Source: The Real Deal
Melike Vodina / realesatecoulisse.com