What is the real estate tax rate in the United States?

In addition to the huge pressure of repaying loans, the high property tax in the United States is also a big expense. Property tax is an important tax of local governments in the United States with a long history.

The tax rate is set by the state governments themselves, and the general annual tax rate is 65438+ 0.5 ~ 3% of the property value. For example, the property tax rate in New York State is relatively high, at 3%.

1, the state tax is different. The property tax in the United States ranges from 1% to 3%, and the tax rates in different states and counties in the same state are different. For example, in the Greater Seattle area, Seattle, Bellevue and Mamic use different property tax rates: the property tax in Seattle is less than 65,438+0%, that in Bellevue is about 65,438+0%, and that in Mamic is 65,438.

2. The property tax is low in the northwest and high in the southeast. The property tax in the northern states and the west coast is basically between 1- 1.5%, while that in Hawaii is only 0.28%. The property tax in southern states is generally high, such as Texas, where the property tax in each city ranges from 2.5% to 3.5%. Property with the same price varies greatly in different cities. For example, a house with a value of 1 10,000 dollars only needs to pay 2800 dollars a year in Hawaii, 1 10,000 dollars in Seattle and about 33,000 dollars in Houston, Texas.

Local governments in the United States generally determine the total property tax according to the budget revenue and total expenditure, and then determine the tax rate according to the assessed tax amount. The method of determining tax rate varies from place to place, but it is limited by national laws. The tax rate is proposed by the state legislature and passed by the voters in the constituency. County (equivalent to domestic prefecture-level cities) tax department is responsible for the specific collection. The tax rate determined by the local government is subject to the state tax law and can only be implemented after being approved by the state government.

Legal basis:

Property tax or real estate tax.

Also known as property tax or local tax for short, it is the general name of county tax, city tax and school district tax levied by local governments on real estate. Tax rates vary from state to state. In the United States, as long as you own a house, you have to pay real estate tax, which is usually 1-3% in the United States and almost 1.2-2.0% in California. Georgia is a relatively low tax area. Take Atlanta as an example, it is about 1% of real estate assessment every year.