American property tax collection standard

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 are different in different States and different counties and cities in the same state. For example, in the Greater Seattle area, Seattle, Bellevue and Mamic use different Sun Chong property tax rates: Seattle's property tax is less than 65,438+0%, Bellevue's is about 65,438+0%, and Semami disturbs Kaiqiao.

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.