It’s said there are no certainties in life other than death and taxes, but at least when it comes to the latter people have some degree of control. No matter where you live in the U.S., if you own a home you’ll pay property taxes. But a new study illustrates just how much those tax rates can vary by city and state.
A new study from the Lincoln Institute of Land Policy, a Cambridge, Mass.-based think tank, highlights property taxes in the largest cities in each U.S. state and found that homeowners in Bridgeport, Conn. pay the steepest rates to the tax man.
The Lincoln Institute calculated the effective tax rate on primary residences, or the tax bill as a percentage of the property’s market value, and found that Bridgeport... More Info