Before delving into the broader industry news and updates, I’m excited to provide an update on our project, Istana at Wurzbach. We’re delighted to share the significant progress and milestones achieved in this ambitious endeavor. Each week, we move a step closer to our goal of establishing a landmark that exemplifies a harmonious blend of luxury, sustainability, and innovation.
12 States With the Highest Property Taxes
The average American household shells out $2,869 annually on property taxes, according to the U.S. Census Bureau. But depending on where homeowners live, property taxes can be much higher or considerably lower, a recent study from the personal finance website WalletHub found. Those taxes go into state and local government coffers. School districts, counties, municipalities, and townships can also collect property taxes.
To find out where property taxes are highest and lowest, WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real estate property tax rates. Researchers divided the median real estate tax payment by the median home price in each state. They then used the resulting rates to obtain the dollar amount paid as real estate tax on a house worth $281,900, which the Census Bureau reported was the median value for a U.S. home as of 2022.
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