Property tax collection in the United States
The property tax in the United States is collected by local governments, and the income belongs to local governments. The national property tax ranges from 1% to 3%, and there is no uniform tax standard. Different States, different counties and cities in the same state have different tax rates. Generally speaking, the northwest region is relatively low and the southeast region is relatively high. There are two factors that affect the property tax, one is the tax rate, and the other is the house valuation. The appraisal is completed by the competent government department, and the owner will be informed of the appraisal result. At present, the property tax relief policy is only aimed at American citizens, not China investors.
1. Which department collects the US property tax?
Property tax is not levied by the federal government, but mainly by local governments (counties and cities), and the income belongs to local governments. The property tax levied by the local government is used for various expenses of the city and state where the property is located, including public education funds, library construction, public safety, infrastructure construction, etc.
2. What is the real estate tax rate in the United States?
1, the state tax is different.
The property tax in the United States ranges from 1% to 3%, and the tax rates in different states and counties in the same state are different. For example, in the Greater Seattle area, Seattle, Bellevue and * * Mish adopt different property tax rates: the property tax in Seattle is less than 65,438+0%, and that in Bellevue is about 65,438+0%.
2. The northwest is low and the southeast is high.
The property taxes in the northern states and the west coast are relatively low, ranging from 1 to 1.5%, and the lowest is Hawaii, with 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. But from another point of view, the same two-story independent villa in Houston's high-quality school district costs 200,000-300,000 US dollars, so the property tax is about 6,000-9,000 US dollars; The price of a high-quality school district in Los Angeles may be as high as $ 654.38+00,000, but the property tax in Los Angeles is only 654.38+0/3 of that in Houston. Calculated, the property tax is about $ 654.38+0.654.38+0 million, depending on the overall situation.
Is there a reduction or exemption policy for US property tax?
First of all, it should be emphasized that only people with American citizenship can enjoy the property tax relief policy. There are relevant regulations in various places that can apply for relief, and the amount of relief depends on personal income. When the government issues a property tax bill every year, it will be accompanied by instructions on how to apply for tax reduction or exemption. Take Fairfax County as an example. At present, the tax exemption regulations are that people over 65 and the disabled have only one set of self-occupied housing, and their annual income is below $52,000, so they can be exempted from all property taxes, 50% from $52,000 to $62,000, and 25% from $62,000 to $72,000.
The United States began to levy real estate tax in the early days of the founding of the People's Republic of China. As early as 1792, four states levied real estate tax, and the property tax law passed in 1798 included the provision of separate taxation of real estate and land. By the beginning of the 20th century, all states in the United States had enacted laws and regulations to levy real estate tax. The property tax policy system is perfect and standardized, which is worth learning.
The property tax in the United States is collected by local governments, and the income belongs to local governments. Moreover, the income mainly collected by the local government belongs to the local government and is used for various expenses of the city and state where the real estate is located. Taxes vary from state to state, low in the northwest and high in the southeast.