Boston Real Estate Investors Association

Nationwide Property Tax Revenues See Largest Increase Since 2009

NAHB eye on housing logoAccording to recent analysis from the NAHB’s Eye on Housing, state and local tax data from the U.S. Census show that $286 billion in taxes were paid by property owners in Q4 of 2022.  In fact, state and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021. The Eye on Housing says the 6.9% annual increase is the largest since 2009.

“In terms of the share of total receipts, property taxes were followed by individual income taxes (30.0%), sales taxes (27.6%), and corporate taxes (7.5%).”

Click here to read the full report at the NAHB’s Eye on Housing.


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