Boca Mortgage Blog

America's Highest and Lowest Property Taxes

May 22nd, 2014 4:14 PM by Leonard Silvestri

There are several line items included in the expense sheet of owning a home. Property taxes are usually the second highest expense in home ownership just after the actual cost of the mortgage. So how much is to much when it comes to the cost of property taxes? This article breaks down the numbers across the country. Read more to find out where your county ranks.

In 2012, U.S. homeowners paid an average of about $2,800 in property taxes, according to a recent Zillow study. And if you live in New York, New Jersey, or Colorado your taxes were in some cases five times more than the national average. The numbers are based on an average of real estate taxes paid on single family housing in 2012. The residents of Westchester County in New York pay more in property taxes than the typical resident of any other major American county. The average property tax bill for a single family home in Westchester County comes to $14,829 a year. Want to know how your county stacks up against the rest of the country? Check out our rankings below.

Posted in:General
Posted by Leonard Silvestri on May 22nd, 2014 4:14 PM


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