The USDA tracks the average value of U.S. farmland per acre in each state. This value includes both the property of the land itself as well as any buildings and other agricultural structures on the...
Category: Real Estate
How big is the U.S. residential real estate market? The estimated total value of all U.S. housing as of July 2023 is $48 trillion. Here's a brief explanation of how I calculated that: I...
The Lahaina Fire: $3+ Billion in Property Damage, Over 100 Dead, and an Incompetent Local Government
Last month, the median home price in Lahaina was just over $1 million. This month, half of those homes (almost 2,000) were destroyed or damaged in a wildfire that caused over $3 billion in...
The commissioners of Palm Beach County, Florida recently voted (unanimously) to cut the millage rate for property taxes from $4.715 to $4.5. Millage is the amount of tax per $1,000 of taxable...
Texas Governor Wants to Eliminate Property Taxes. Can the State Afford It?
"Texans want to own their property, not rent it from the government." Texas Governor Abbott The median Texas property value went up by over 40% during the pandemic, according to Zillow. That...
Texas has no state property tax. However, the Texas Constitution and statutory laws authorize local governments such as cities and counties to set and collect property taxes. Each local government...