Property Tax Revenues See Largest Increase Since 2009

Econ & Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021. The 6.9% annual increase is the largest since property…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
US stocks begin October mixed as government shutdown avoided
U.S. stocks open slightly higher after ADP employment report
CNBC Daily Open: Oversold in September, bounce in October?
NASDAQ 100, Dow Jones, S&P 500 News: Inflation Data Spurs Early Market Rise
Update: Lumber Prices Down 11% YoY