Sentences with phrase «mean high property tax rates»

@ohwilleke: Yeah, I didn't mean to imply that high property values there would mean high property tax rates, just that high property values would likely mean the jurisdiction wouldn't need to raise money from other taxes.

Not exact matches

A combination of high property tax rates and high home values in northeast New Jersey's Bergen County means that nearly half of the county's residents pay $ 10,000 or more annually in property taxes.

East Syracuse village residents are facing a 22 percent increase in their property taxes, meaning they will pay the highest tax rate of any municipality in Onondaga County.

Regardless of the level of state aid, the continued reliance on local wealth means property - poor districts must continue to tax their residents at higher rates to obtain the same dollar amount for each pupil.

That may sound like bad news for taxpayers, but the high value of property and above - average income means that the state can collect a decent amount of money from property taxes while keeping the actual tax, which is a percentage of property value, fairly low — as of 2015 it had the sixth - lowest property tax rate in the country.

However, the average home value in El Paso County is significantly lower than the U.S. average, which means county residents in fact pay higher property tax rates than most Americans.