RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

The Cities with the Highest and Lowest Property Tax Rates

June 27, 2016 2:42 am

Property taxes—levies imposed on owners of properties—are an important consideration for homeowners, buyers and sellers. The tax rate, which is typically overseen by a local government, varies depending on location.

“The property tax is a critical source of revenue for local government services, from education to public safety,” says Joan Youngman, chair of the Lincoln Institute of Land Policy’s Department of Valuation and Taxation. The Institute recently released its annual 50-State Property Tax Comparison Study, which tracks “effective” property tax rates in every state.

Currently, the city with the highest property tax rate on a median-valued home is Bridgeport, Conn., at 3.88 percent, according to the study. Bridgeport residents have a higher rate because they pay no income or local sales taxes. The city with the second-highest property tax rate is Detroit at 3.81 percent, due to the city’s flat home values.

Rounding out the top five cities with the highest property tax rates are Aurora, Ill. (3.72 percent), Newark, N.J. (3.05 percent), and Milwaukee, Wis. (2.68 percent).

Honolulu, in contrast, has the lowest property tax rate on a median-valued home at 0.30 percent, due in part to high home values, according to the study. Cheyenne, Wyo. (0.65 percent), Denver (0.66 percent), Birmingham, Ala. (0.66 percent), and Boston (0.67 percent) follow suit.

Per the study, New York City ranks highest for apartment property tax rates, at five times higher than that on a median-valued home.

Generally, property tax rates are determined at the local level. Contact a real estate professional in your area for more information.

Source: Lincoln Institute of Land Policy

Published with permission from RISMedia.


Tags:

Fountain of Youth: 7 Foods for Longevity

June 24, 2016 12:33 am

The average American can expect to live until just shy of 80 years old, according to the Centers for Disease Control and Prevention (CDC). Though physical activity contributes to a long, healthy life, food also plays a role, says longevity researcher Dan Buettner, who recently partnered with National Geographic to match local food norms with populations who consistently live the longest.

Their report suggests seven food choices common to those who live well into old age:

Avocados – The fat in avocados is mostly monounsaturated fat—10 grams in just half. Regularly eating avocado can boost nutrient absorption, support eye health, and even contribute to weight loss.

Berries – Fruit satisfies the craving for sugar, and berries, which contain lower amounts of sugar than most fruits, are among the best choices. Regular consumption of whole berries has been shown to reduce the risk for disease.

Fish – Not surprisingly, populations that eat a lot of fish almost invariably live longer lives. While salmon has the rep for lots of heart-healthy omega-3 fatty acids, most seafood contain the healthy fat and protein.

Garlic – Apart from adding flavor to food, garlic contains nutrients that can boost your immune system. Chop it yourself—pre-minced garlic has too many preservatives.

Nuts – Most varieties contain healthy fats, protein, and fiber, a combination shown to improve cognitive health. They are high in calories, so munch in moderation.

Olive Oil – Like avocados, this staple of the Mediterranean diet is a great source of monounsaturated and polyunsaturated fats, which, according to dozens of studies, reduces the risk of heart disease even more so than a low-fat diet.

Whole Grains – New research suggests obesity can occur because a lack of fiber negatively affects intestinal bacteria. Whole grains are filled with important nutrients, particularly fiber, that can counteract this effect, staving off later-in-life conditions.

Published with permission from RISMedia.


Tags: