Depending on local tax rates and home values, property taxes can account for a substantial portion of housing costs. Living in a high-tax state has become increasingly more expensive.
WASHINGTON -- 91 big companies paid no federal taxes last year. And others paid less than new, lower rates for firms
About 400 of America’s largest corporations paid an average federal tax rate of about 11 percent on their profits last year, roughly half the official rate, a report said.
The data used in this analysis is from the U.S. Census Bureau 2017 American Community Survey Public Use Microdata Sample (PUMS). At the household level, the total annual real estate property tax paid (including state and local sources) was divided by its property value to compute an effective property tax rate for every home in the U.S. These tax rates were then used to compute the median property tax rate for each state. To control for differences in property types across states, only owner-occupied single family homes on less than 10 acres were included in the analysis. As such, the median household income shown is limited to that cohort of homes as well.