Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Property Taxes as a Percentage of Value by State
The Tax Foundation posted a cool info-graphic on their blog showing variation in property tax rates by state.
One of the striking things about this graphic is the extent of variation in property tax rates, with some states imposing property tax rates that are on average several times as large as those imposed by other states.
Housing Prices in a Rational Rebound?
The most recent edition of the Case Shiller Index suggests that the U.S. housing market continues to rebound from the housing slump. Indeed, home prices are apparently moving up at a torrid pace in some cities. Overall, the pattern seems to be of more modest increases, but the trend has been up over the last few months almost everywhere. This lends support to my claim last September that the end of the great bubble deflation had been reached. http://www.idealtaxes.com/post3556.shtml. In some cities prices remain at depressed levels relative to historic norms once those are adjusted for inflation. In other cities, however, some additional declines may well occur...
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