Where you live is one of the most important decisions you can make in life.

Do you agree? 🤔

I think so, and this is why I focus so much on the differences between states and cities in my research.

Once you get some context between locations, you can make more information decisions on where you should put down roots and grow.

Let's look at property taxes across the country to see which states are more and less affordable. 💰

Here we go!

Location, Location, Location

I wanted to examine the other half of escrows: property taxes.

Property taxes can be measured in a couple ways. The tax rate (1) is the % charged by the government and it is used with property values to determine the total tax bill (2). 

So, if you live where the tax rate is high, but the property values are low, you can still have an affordable tax bill (in theory). Alabama has both a lower tax rate and low property values so it comes away with the lowest tax bill.

The opposite is true as well. Take a look at Hawaii. It's got the lowest tax rate, but the tax bills are higher because the property values are much more there.

New Jersey is worst all around with the highest tax rate and tax bill. 😡

Don't forget to look at the other taxes to complete the picture. Florida gets a nice boost because we have 0% income taxes. 🤩

If you're ready to move to Florida, contact me today for a consultation!