Job Recruitment Website - Property management company - How much property tax do you pay every year after buying a house in the United States?

How much property tax do you pay every year after buying a house in the United States?

In the United States, there are only four kinds of house purchase taxes: transaction tax, income tax, gift tax and inheritance tax. In order to let low-income people own housing, in 1999 alone, the government reduced the tax on buyers by 102 billion US dollars (the reduction was as high as 10% of China's GDP in 2000), of which the interest on housing loans was 53 billion US dollars.

But in America, many young people with fixed income are keen on buying a house. For Americans, buying a house is more cost-effective than renting a house. People like to buy a house, because the federal, state and local governments in the United States have many laws and policies to encourage buying a house, providing tax-free and low-interest loans to buyers. The personal income tax in the United States is very heavy, but the American tax law stipulates that individuals can enjoy tax reduction and exemption because they pay bank interest on their monthly income from buying a house, while renting a house is not tax-free, that is to say, renting a house is subject to income tax, transaction tax, gift tax and inheritance tax.