Counties with th...How bad are your property taxes? Maybe not as bad as the ones that provoked this protest in Olympia, Wash., or the ones in our survey of heavily taxed counties. Forbes' Big Tax list shows the leading tax locale in each of ten states. Dollar amounts are median annual tax bills, averaged over 2007-2009.
(Source: U.S. Census data via the Tax Foundation.)
Here’s how schools are financed in New Jersey. The state Supreme Court takes note of the discrepancy in SAT scores between wealthy towns and poor cities. It appropriates a large sum to be contributed to the schools in the cities. The effect is to raise property taxes in the rich towns.
This collection of prosperous Chicago suburbs includes Highland Park, noteworthy for being a “city” and for having an extraordinarily high median family income of $138,000. Property tax revenue is boosted by the assessment on Michael Jordan’s 25,000-square-foot manse.
If you’re looking for houses priced at $15 million and up, check out Greenwich, where Zillow lists 15 for sale. One, for example, is a three-bedroom with a $22.5 million asking price and a $52,400 tax bill. At the other end of the county is not so ritzy Bridgeport.
This microscopic county has some nice homes on the water. You can buy one on Nayatt Point, a five-bedroom on an acre lot with views, for a mere $1.6 million. But you’ll be clobbered by a $36,500 property tax bill.