Job Recruitment Website - Property management - What is the property tax policy in the United States?

What is the property tax policy in the United States?

To sum up, the real estate tax policy in the United States mainly includes the following points: \x0d\ 1. The real estate tax rate in the United States varies according to the economic development level of each state, such as 1. 1% in California with relatively developed economy and 3% in inland States with less developed economy, such as Texas. Hawaii is a special case, with a tax rate of only 0.25%, which is relatively low compared with other States. \x0d\\x0d\ 2。 The formulation of property tax rate is proposed by the state legislatures and passed by the voters in the constituency. \x0d\ 3。 Property tax is levied by the tax department of a county (equivalent to a prefecture-level city in China). \x0d\ 4。 Every place uses property tax for a clear purpose. The usual tax collection is mainly used for the construction and maintenance of public facilities such as school education, library and local street greening, and to pay the management expenses of local public servants such as police. Therefore, in areas with relatively high housing prices, local governments have more abundant funds to maintain local environmental sanitation and public order. \x0d\ 5。 The tax base of real estate tax is the value of land owned by taxpayers and the value of ground buildings. \x0d\ 6。 Property tax and related expenses of owning real estate can be deducted from income tax. If the annual property tax paid by the taxpayer is 10000 yuan and the annual income of the taxpayer is 40000 yuan, the income tax base of the taxpayer is 30000 yuan. Not only can the property tax be deducted from the income tax, but all the loan interest paid by the taxpayer for the real estate can also be deducted from the income tax. For example, a taxpayer pays 2,500 yuan per month, in which 1.500 yuan is the interest, so the deductible income tax in this tax year is 12 months × 1.500 = 18.00 yuan. To sum up, the actual annual salary of taxpayers is 40,000 yuan, but after deducting property tax 1 10,000 yuan and interest expense10.8 million yuan, the tax base for income tax declaration is 22,000 yuan, which reasonably reduces the comprehensive tax amount of taxpayers. \x0d\ 7。 Property tax is assessed once a year by the assessor of the county tax department. If taxpayers feel that the evaluation results are not in line with market conditions, they can apply to the evaluation office for re-evaluation within six months. \x0d\ 8。 From the actual situation, the property tax in the United States is more like the property management fee in China. In the United States, there are usually only hundreds or thousands of households in a city. It can also be regarded as a community, where each owner pays property tax to the city, which is also used to pay local public expenditure and educational resources.