XPost: us.taxes, alt.politics.republicans, alt.fan.rush-limbaugh   
   XPost: sac.politics   
   From: noreply@mixmin.net   
      
   Property taxes around the U.S. have long been a lightning rod for   
   debate, with political leaders perpetually balancing the need to fund   
   their budget priorities against the risk of alienating homeowners and   
   businesses. This week, for example, New York City Mayor Zohran Mamdani   
   sparked an uproar by proposing to close a budget hole by sharply raising   
   property taxes.   
      
   Although the move was widely interpreted as a political gambit aimed at   
   spurring state lawmakers to hike taxes on wealthy New Yorkers and   
   corporations, the backlash highlights the sensitivities around property   
   taxes at a time many Americans already feel financially strapped.   
      
   Such taxes — levied mostly by local governments to raise revenue for   
   services including public schools, road construction, and police and   
   fire departments — account for 70 cents of every $1 in local tax   
   collections, according to the nonpartisan Tax Foundation.   
      
   But as home values surge nationwide, tax assessments also have risen,   
   leading to higher property taxes in many parts of the U.S. At the same   
   time, states such as Florida, Georgia and North Dakota are taking the   
   opposite tack by proposing to eliminate property taxes for homeowners.   
      
   Read on to see how property taxes compare across U.S. states and   
   counties.   
      
   Property taxes by state   
      
   homes (total real estate taxes paid divided by total home value). It   
   excludes taxes paid by businesses, renters, and others. D.C.’s rank does   
   not affect state rankings; the number in parentheses shows where it   
   Foundation "Surging home values have amplified calls to cut or even   
   abolish the property tax," wrote Tax Policy Center senior research   
   associate Thomas Brosy in a September blog post. "Because property taxes   
   rise with home values, homeowners may fear being squeezed by larger tax   
   bills."   
      
   The median property tax bill in the U.S. jumped 30% between 2019 and   
   2024, he added. Across the U.S., Illinois has the highest effective   
   property tax rate, while Hawaii has the lowest, according to the Tax   
   Foundation.   
      
   Mamdani's proposal in New York City stems from a $5.4 billion budget   
   shortfall, with the mayor seeking to plug it by either hiking taxes on   
   high-earning residents or raising taxes on homeowners.   
      
   That strategem is considered unlikely to succeed. New York Gov. Kathy   
   Hochul has previously rejected a wealth tax and also opposes a higher   
   property tax, while New York City Council Speaker Julie Menin called the   
   plan a non-starter.   
      
   Property taxes by county   
      
   New York County, home to Manhattan, is already one of the 16 U.S.   
   counties with the highest median property tax payments, with the typical   
   homeowner paying more than $10,000 per year in property taxes, according   
   to the Tax Foundation.   
      
   The other U.S. counties with the highest property taxes include eight in   
   New Jersey, five additional New York counties, Falls Church City in   
   Virginia and Marin County in California.   
      
   Edited by Alain Sherter   
      
   Taylor Johnston contributed to this report.   
      
   https://www.cbsnews.com/news/where-property-tax-is-highest-mamdani-new-yo   
   rk-city/   
      
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