Thursday, November 21, 2024
Thursday, November 21, 2024

Milwaukee Press Club 'Excellence in Wisconsin Journalism' 2020, 2021, 2022 & 2023 Triple GOLD Award Recipients

HomeWisconsin Breaking NewsResidents of Dane County pay highest average property taxes in Wisconsin

Residents of Dane County pay highest average property taxes in Wisconsin

-

Dane County residents on average paid $4,994 annually in property taxes, the highest such tax levies among all regions of Wisconsin, according to a new Tax Foundation analysis.

The Tax Foundation study was based on median property taxes paid within counties in 2018, based on five-year estimates. The lowest such taxes were found in locations such as the Aleutians East Borough and the Kusilvak Census Area in Alaska, as well as some parishes in Louisiana and Alabama’s Choctaw County, where property owners pay about $200 annually.

Counties in both New York and New Jersey, meanwhile, were home to people who paid the highest median property taxes, with some areas averaging tax bills of more than $10,000, the study found

Property tax revenues remain a prime source of funds for state and local governments, according to the Tax Foundation. In 2017, these revenues represented 31.9% of all state and local funding, the study states.

The higher median property tax bills tend to occur in urban areas, where homes tend to cost more than more rural locations, the Tax Foundation reported.

Where Do People Pay the Highest Property Taxes?

StateRegion Where Residents Pay the Most in Property TaxesAverage Property Tax PaymentsAlabamaShelby County$1,050AlaskaAnchorage Municipality$4,067ArizonaCoconino County$1,535ArkansasBenton County$1,292CaliforniaMarin County$7,433ColoradoArapahoe County$1,864ConnecticutFairfield County$7,393DelawareNew Castle County$1,893FloridaMonroe County$3,130GeorgiaFulton County$2,901HawaiiHonolulu County$1,896IdahoBlaine County$1,900IllinoisLake County$7,347IndianaHamilton County$2,428IowaDallas County$3,564KansasJohnson County$3,018KentuckyOldham County$2,695LouisianaSt. Tammany County$1,720MaineCumberland County$3,745MarylandHoward County$5,582MassachusettsNorfolk County$5,592MichiganWashtenaw County$4,232MinnesotaHennepin County$3,336MississippiMadison County$1,565MissouriPlatte County$2,666MontanaMissoula County$2,658NebraskaDouglas County$3,286NevadaDouglas County$2,091New HampshireRockingham County$6,293New JerseyBergen / Essex counties$10,000New MexicoBernalillo County$2,032New YorkNassau, Rockland, and Westchester counties$10,000North CarolinaOrange County$3,488North DakotaCass County$2,672OhioDelaware County$5,348OklahomaCleveland County$1,854OregonWashington County$3,784PennsylvaniaChester County$5,177Rhode IslandWashington County$4,299South CarolinaBeaufort County$1,466South DakotaLincoln County$2,947TennesseeWilliamson County$2,301TexasCollin County$5,594UtahSummit County$2,469VermontChittenden County$5,353VirginiaFairfax County$5,641WashingtonKing County$4,611West VirginiaPutnam County$988WisconsinDane County$4,994WyomingTeton County$3,896

Source: Tax Foundation

The Center Square
Go to Source
Reposted with permission

Upcoming Events

To submit an event, click HERE.

Latest Articles