This map from the Tax Foundation shows that Colorado has some of the lowest property taxes in the nation:
This should not be interpreted as a proxy map for which states have the lowest overall tax burden, for example. Note that Texas has relatively high property tax. But, Texas has no income tax so there's little we can discern about taxes in general from this map.
But when thinking about property taxes, it is useful to note that property taxes are especially damaging to people on fixed incomes like retirees and disabled people. Old people with low incomes, for example, would do fairly well in a state with high income tax and low property tax. But if property taxes are high, those seniors would get pummeled by repeated increases in the property tax.
Thursday, October 1, 2015
Tuesday Links, August 25
Heading Toward the Cliff Many Americans think the state can solve our economic woes. It's the state that caused them. Article by Jacob...
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Sometimes, it's easy to forget how large many American states are. Colorado, for example, is the size of New Zealand. Here's a helpf...
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We often see the United States compared to a variety of other countries in terms of life expectancy, murder rates, and more. But, it's a...
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Pew breaks it down . I was surprised by how little revenue is generated from severance taxes. And, of course, there is no statewide property...