The upcoming Memorial Day weekend marks the start of the traditional summer driving season. In most states, summer road-trippers are paying more gas tax than they did a few years ago and are benefiting from smoother and safer roads as a result. In total, 30 states have raised or reformed their gas taxes in the last six years.
Minnesota is among a minority of states — just 13 — that impose a state-level tax on Social Security benefits. Why does Minnesota do that? The answer can be traced back to the overall design of our state's income tax system.
As the tax deadline nears, residents of some states are bearing the brunt of it more than others.
Some families moved to high-tax towns because of the good school districts.
These New Jersey towns take the smallest property tax bite.
Property taxes rose 4 percent on average across the U.S. last year, a rate that's outpacing inflation and that could mean more pain for homeowners given a new cap on deducting state and local taxes.
Tax season is upon us, and while most Americans are focused on their federal income taxes, state and local taxes vary wildly from place to place.
A state House committee on Thursday approved legislation to eliminate a property tax break enjoyed by some owners of residential rental properties and second homes in New Mexico.
The special session of the Texas Legislature began with an announcement by Gov. Greg Abbott in June, pushing — among other priorities — property tax reform
She has the information and advice on how to Stretch Your Dollar!
Shoppers won't pay sales tax on clothes worth $60 or less and on school supplies worth $15 or less.
The Boston City Council is expected to authorize a ballot measure that will ask voters to boost property taxes to fund housing, parks and historic preservation.
The deadline for filing income tax returns is less than a few weeks away. In addition to income taxes, Americans pay property and general sales taxes as well, which also account for a significant share of taxes paid each year. State and local governments collect more than $1,000 per person each year through sales taxes.
Homeowners who live in their homes receive a tax break called a homestead exemption. If you're older than 65, you get a bigger tax break.
States tax real property in a variety of ways: some impose a rate or a millage—the amount of tax per thousand dollars of value—on the fair market value of the property, while others impose it on some percentage (the assessment ratio) of the market value, yielding an assessed value.
In the United States, households are bound by the law to shell out $2,089 on the average for their homes' property taxes. But which state has the higest and lowest property tax?
Hawaii has lowest combined tax burden, and New Hampshire has the highest. Where does your state rank?
Homeowners across the United States pay taxes on their property to support a variety of local public services. Although millions of Americans pay property taxes each year, many misunderstand how their bill is calculated. We at The Appraisal Foundation also find that many people are confused about the difference between a tax assessment and a home appraisal.
Many of these states tend to cluster in one geographic region, where residents are socked with big bills
Property taxes long have been the bane of Pennsylvania homeowners, especially seniors. The Legislature, for a generation or more, has wrestled with the issue and again is facing a budget battle in which Gov. Wolf is calling for tax swaps to reduce property taxes. So it seems like a good time to compare our state's burden with other states.