Newly-released data from a tax policy research center shows that the state of Alabama continues to have some of the least expensive property tax rates in the United States, coming in with the lowest average per-county residential tax rate in a U.S. Census survey.
The Tax Policy Center, using information from the U.S. Census Bureau’s American Community Survey, reports that, on average, residential taxes in Alabama are far below the national average.
According to the report, of 24 counties nationwide with annual property taxes below $250 a year, nearly all were in Alabama with only a few in Louisiana.
The study showed that the area with the highest property tax rate is New York City and northern New Jersey.
The average cost of a tax bill in Westchester County, N.Y., just outside of New York City, is $9,647 a year. By contrast, Autauga County in Alabama has an average rate of $123 a year.
According to a CNN Money story, 60 percent of homeowners in the United States pay an average of between $500 and $1,500 a year in tax on their homes.
Click here to see the Money.CNN.com story and an interactive map of the average property tax rate for every county in the United States.