American Homeowners Association (AHA)^®

Property Tax and Housing Costs Statistics

U.S. Homeowners and renters are spending more on housing as income levels have dropped and costs have risen.

• As many as 60 percent of all homes are over-assessed and not in line with their actual value.
  Source: The National Taxpayers Union



• In a survey of suburbs outside 12 major cities across the country, property taxes increased an average of 23.3 percent between 2000 and 2004.
  Source: Runzheimer International as cited in The Wall Street Journal (7/13/04)



• Homeowners' average monthly income, adjusted to constant 2003 dollars, dropped each year from 1999 to 2003, from $4,607 in 1999 to $4,385 in 2003. Renters' average monthly income dropped from $2,475 to $2,388 in the same period.
  Source: Harvard Joint Center for Housing Studies



• In 2001, an estimated 29.6 percent of the 106.4 million U.S. households spent 30 percent or more of their total income on housing.
  Source: Harvard Joint Center for Housing Studies



• 13.4 percent of U.S. households spent half or more of their income on housing in 2001.
  Source: Harvard Joint Center for Housing Studies



• Nationwide, property taxes increased on average more than 10 percent between 2001 and 2003. In some localities, home assessments have gone up between 20 and 50 percent.
  Source: Deloitte & Touche LLP's Property Tax Services Group

Courtesy of The American Homeowners Association (AHA)®, August, 2004