U.S. states where property taxes are highest—New Jersey is No. 1
Property taxes can vary by nearly $8,000 for the same-priced home, depending on where you live in the U.S., a new study reveals. New Jersey's effective tax rate is 2.23%, the highest in all 50 states and the District of Columbia, according to Tax Foundation's analysis of the Census Bureau's most recent data. Hawaii is the lowest-taxed state, with an effective tax rate of 0.32%.
San Francisco Office Market Shows Signs of Life
Wall Street Journal
San Francisco's beleaguered office market, the hardest hit of any in the U.S. since 2020, is beginning to display flickers of life. Technology companies' rapid adaptation of remote work, along with an increase in crime and other quality-of-life concerns, hollowed out San Francisco's business district. Vacancy rates soared to new highs, while building values plummeted.
Local legislators aim to ‘stop the bleeding' from painful property valuation hikes
State legislators and local Butler County officials have been working feverishly for months trying to lessen the blow a median 37% property value hike will have on taxpayers, but it doesn't appear much relief will come. There are tandem bills in the state legislature that would slice that average to around 24% and cut tax revenues to local governments and schools by $520 million over three years statewide.