We got one of our property tax bills yesterday, a postal delivery I was expecting as noted in this blog item from a couple of days ago.
Yep. I said "one of." We get two property tax bills each year. Aren't we lucky?!
The one that's arrived is usually the larger one. It's from our area's school district. Still to come is the one from Travis County for its services. It's typically less by about a third than the school district property assessment.
That bill differential always makes me wonder why, if we're paying so much to our schools
But that's an issue for education bloggers. Let's get back to taxes.
Compare your property taxes: The Tax Foundation regularly takes the Census Bureau's American Community Survey (ACS) data and compiles illustrative tables. The versions based on the 2006 data, along with a report on the numbers, are now available.
Homeowners in the Northeast, mainly New Jersey and New York, still pay the highest property taxes, according to the Tax Foundation's data. Part of the reason: These states also have high per capita income, and the highest property tax bills, in terms of dollar amounts, are usually found in the areas with the highest incomes.
As for the percentage-of-home-value measure, the Lone Star State tops the median amount table, as shown below with the other nine states (in red) that have a high ranking in this category. The jurisdictions in blue are the 10 lowest in median real estate taxes as a percentage of median home value.
Despite Texas coming in number one in this analysis, I'm happy to report that our school district tax rate has dropped a bit from last year. So our combined 2007 property tax bill should be a little smaller.
That's very welcome news, since we pay it in December to get the deduction on the year's federal return.
But December is also the month that half of our auto insurance is due, not to mention the added costs we face for Christmas gifts.
As the saying goes, it's always something.