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Pittsburgh Property Taxes Article
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Your State’s Property Taxes and Other Taxes – How Does it Rank?
from:Property taxes are levied in the District of Columbia and every state. Property taxes are generally levied at the local level, either through the county, city or municipality. Many Americans pay property taxes at both the city and county level. Each state determines how they will charge property taxes and what the taxes will fund. As a result state property taxes vary greatly.
New Jersey ranks first in the amount of state property taxes paid. The average homeowner in New Jersey owns a home that is worth $334,000 and pays about $5300 a year in New Jersey property taxes. New Jersey taxes homes at 100% of the fair market value, which is unusual. Most other states tax your home at about 40% of the fair market value, which is one of the reasons that New Jersey property taxes are so much higher than most other states.
The lowest state property taxes are those paid in Louisiana. Residents of Louisiana pay, on average, just $175 in property taxes each year, and their homes are worth an average of $101,000.
Most states are consistent in that they charge property taxes at the local level and that the funds are primarily used to fund local programs, too. State property taxes are generally used to fund schools, roads, police support, fire support and local government budgets. In some states, a portion of the property tax you pay funds the state’s budget as well. Nearly all states’ property taxes are determined by the value of the resident’s home, though some states charge property taxes on other items besides homes and land.
Seven states in the US don’t charge state income tax. These are Florida, Alaska, Nevada, Texas, South Dakota, Washington and Wyoming. New Hampshire and Tennessee charge income tax only on income derived from interest and dividends; not your salaries and wages. These states typically make up their revenue deficiencies through higher sales and property taxes. The state of Maine has the highest income tax; taxing their residents at an average of 13.5% of their income.
Only five states don’t have state sales tax. These are Alaska, Delaware, Montana, New Hampshire and Oregon. In the other states, sales tax ranges from 2.9% in Colorado to 7.25% in California. States also charge gasoline tax (the national average is .45 a gallon including the federal tax too) and special taxes on tobacco products. Tobacco products have seen the most significant rise of any products in recent years. They vary widely by state, with some states charging as little as seven cents a pack to a whopping 2.58 cents per pack.
Pittsburgh Property Taxes News
Pennsylvania House panel considers eliminating school property tax - Pittsburgh Post Gazette
Pennsylvania House panel considers eliminating school property tax Pittsburgh Post Gazette By Tom Barnes / Pittsburgh Post-Gazette HARRISBURG -- The House Finance Committee today wrangled with a controversial idea -- eliminating school property taxes and replacing the money with higher state personal income taxes and higher state sales taxes ... |
Consortium of Pittsburgh Nonprofits Offers Financial Ai... - The Nonprofit Quarterly
Consortium of Pittsburgh Nonprofits Offers Financial Ai... The Nonprofit Quarterly Clark told an Urban Institute audience that the first Pittsburgh Public Service Fund commitment involved over 100 tax-exempt property owners committing a total of $14 million back in 2005. The Pittsburgh Post-Gazette reported that the second Fund plan ... |
Tax hike, funding, job cuts, tap of reserves characterize plan in Mt. Lebanon - Pittsburgh Post Gazette
Tax hike, funding, job cuts, tap of reserves characterize plan in Mt. Lebanon Pittsburgh Post Gazette By Molly Born / Pittsburgh Post-Gazette After a months-long budget-making process some of them said was their most difficult to date, Mt. Lebanon school directors approved a final 2012-13 spending plan Monday night that will raise the property tax rate ... |
Eliminating the Property Tax - Essential Public Radio
 Essential Public Radio | Eliminating the Property Tax Essential Public Radio In April, State Senator Wayne Fontana introduced a bill that would allow the county council or citizens to eliminate property taxes altogether. Pittsburgh City Council endorsed that bill earlier this month, along with Allegheny County Executive Rich ... |
Pine-Richland school directors vote to cut physical education, increase ... - Pittsburgh Post Gazette
Pine-Richland school directors vote to cut physical education, increase ... Pittsburgh Post Gazette By Karen Kane / Pittsburgh Post-Gazette Pine-Richland school directors passed a proposed final spending plan Monday that will cut the physical education program and boost the property tax rate by just less than 1 mill for the next fiscal year that ... |