The amount of real estate taxes (property taxes) paid or payable on owner-occupied housing units during the past 12 months.
This is a direct indicator of the local tax burden on homeowners and a primary revenue source for local governments. It influences housing affordability and property values.
Specific Relevance for Professionals:
Marketers
Relevant for tax advisory services, financial planning, or specific community services that might be funded by property taxes. Helps understand the financial obligations of homeowners beyond just mortgages.
Researchers
Fundamental for studying local government finance, tax burden on homeowners, and the impact of property taxes on housing affordability and local economic development.
Consultants
Useful for advising real estate investors on the true cost of ownership in different jurisdictions or for businesses evaluating locations based on local tax structures.
Public Policy Workers
Critical for local government budgeting, property tax policy, assessing local revenue streams, and understanding the financial impact of taxes on homeowners and public services.