States Ranked by Sales Tax - Real Estate Investing Today
States Ranked by Sales Tax - Real Estate Investing Today
Abstract
The Tax Foundation recently put together some numbers showing sales tax rankings from their 2022 State Business Tax Climate Index. The states scoring the lowest-scoring were Alabama, Washington, Louisiana, California, and Tennessee. Some of the highest scoring states might just surprise you. “An ideal sales tax applies to a broad base of final consumer goods and services, with few exemptions, and is levied at a low rate.
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You could say that sales taxes are the form of taxation that truly affects every person…it’s the classic consumption tax. It is also the one politicians often ratchet-up to fund their next big “project du jour.” That being said, the folks over at the Tax Foundation recently put together some numbers showing sales tax rankings from their 2022 State Business Tax Climate Index. States that rank poorly have high sales tax rates, high excise tax rates, complicated sales tax administrati...
You could say that sales taxes are the form of taxation that truly affects every person…it’s the classic consumption tax. It is also the one politicians often ratchet-up to fund their next big “project du jour.” That being said, the folks over at the Tax Foundation recently put together some numbers showing sales tax rankings from their 2022 State Business Tax Climate Index. States that rank poorly have high sales tax rates, high excise tax rates, complicated sales tax administrati...
This weekend several states across the fruited-plain will be kicking off sales tax holidays for the back to school season. Whether you think this is good or bad public policy is irrelevant; the bottom-line is saving your hard-earned money! The data has been provided by the Federation of Tax Administrators and actually covers the entire year. Be sure to read your state’s “fine-print” for this exemption. Please note, some states have already had their sales tax holidays for 2022. ...
This weekend several states across the fruited-plain will be kicking off sales tax holidays for the back to school season. Whether you think this is good or bad public policy is irrelevant; the bottom-line is saving your hard-earned money! The data has been provided by the Federation of Tax Administrators and actually covers the entire year. Be sure to read your state’s “fine-print” for this exemption. Please note, some states have already had their sales tax holidays for 2022. ...
A new report from RentCafe says the growing share of renters among American households have increased both the interest and use of storage space. In fact, they point out that 21% of US renters are currently leasing a self storage unit while an additional 12% are planning to use the service in the future. Interestingly, members of Generation X are the most likely to need extra space for their stuff, followed by baby boomers and millennials. “As a service largely responding to life events, s...
A new report from RentCafe says the growing share of renters among American households have increased both the interest and use of storage space. In fact, they point out that 21% of US renters are currently leasing a self storage unit while an additional 12% are planning to use the service in the future. Interestingly, members of Generation X are the most likely to need extra space for their stuff, followed by baby boomers and millennials. “As a service largely responding to life events, s...
The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 99.1. The NAR predicts home sales should start to rebound by early 2023. Indeed… “Home sales will be down by 13% in 2022, according to our latest projection…With mortgage rates expected to stabilize near 6% and steady job creation, home sales should start to rise by early 2023..
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The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 99.1. The NAR predicts home sales should start to rebound by early 2023. Indeed… “Home sales will be down by 13% in 2022, according to our latest projection…With mortgage rates expected to stabilize near 6% and steady job creation, home sales should start to rise by early 2023..
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The National Association of Realtors is reporting that existing home sales were down 1.5% in September to a seasonally-adjusted annual rate of 4.71 million (down 23.8% year over year). Total housing inventory at the end of September was 1,250,000 units, down 2.3% from August and down 0.8% from one year ago. Unsold inventory sits at a 3.2-month supply at the current sales rate with properties remaining on the market for around 19 days. The median existing-home price for all housing types in...
The National Association of Realtors is reporting that existing home sales were down 1.5% in September to a seasonally-adjusted annual rate of 4.71 million (down 23.8% year over year). Total housing inventory at the end of September was 1,250,000 units, down 2.3% from August and down 0.8% from one year ago. Unsold inventory sits at a 3.2-month supply at the current sales rate with properties remaining on the market for around 19 days. The median existing-home price for all housing types in...
The National Association of Realtors is reporting that existing home sales were down 2.4% in April to a seasonally-adjusted annual rate of 5.61 million (down 5.9% from one year ago). Total housing inventory at the end of April was 1,030,000 units, down 10.4% from one year ago. Unsold inventory sits at a 2.2-month supply at [...]
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The National Association of Realtors is reporting that existing home sales were down 2.4% in April to a seasonally-adjusted annual rate of 5.61 million (down 5.9% from one year ago). Total housing inventory at the end of April was 1,030,000 units, down 10.4% from one year ago. Unsold inventory sits at a 2.2-month supply at [...]
The post Existing Home Sales Drop 2.4% in April appeared first on Real Estate Investing Today.
The U.S. Government is reporting that sales of new single-family houses in April, 2022 were at a seasonally adjusted annual rate of 591k, which is 16.6% lower than March’s revised rate and is 26.9% lower than one year ago. The median sales price of new houses sold in April was $450,600 with an average sales price of $570,300. There were an estimated 444k new houses for sale at the end of April representing a 9-month supply at the current sales rate.Click here to read the full report at the...
The U.S. Government is reporting that sales of new single-family houses in April, 2022 were at a seasonally adjusted annual rate of 591k, which is 16.6% lower than March’s revised rate and is 26.9% lower than one year ago. The median sales price of new houses sold in April was $450,600 with an average sales price of $570,300. There were an estimated 444k new houses for sale at the end of April representing a 9-month supply at the current sales rate.Click here to read the full report at the...
The National Association of Realtors is reporting that pending home sales were down 3.9% in April, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 99.3, down 3.9% month-pver-month. Pending sales have now dropped for eleven consecutive months. “Pending contracts are telling, as they better reflect the timelier impact from higher mortgage rates than do closings…The latest contract signings mark six consecutive months of decline...
The National Association of Realtors is reporting that pending home sales were down 3.9% in April, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 99.3, down 3.9% month-pver-month. Pending sales have now dropped for eleven consecutive months. “Pending contracts are telling, as they better reflect the timelier impact from higher mortgage rates than do closings…The latest contract signings mark six consecutive months of decline...
The old axiom about the two certainties in life are death & taxes remains true. A recent report from the Tax Foundation says in 2022, there are 12 states (and DC) with an inheritance or estate tax – with one state, Maryland, having both. Hawaii and Washington State have the highest estate tax top rates in the nation at 20%. Massachusetts and Oregon have the lowest exemption levels at $1 million, with Connecticut having the highest exemption level at $9.1 million. See the chart below to...
The old axiom about the two certainties in life are death & taxes remains true. A recent report from the Tax Foundation says in 2022, there are 12 states (and DC) with an inheritance or estate tax – with one state, Maryland, having both. Hawaii and Washington State have the highest estate tax top rates in the nation at 20%. Massachusetts and Oregon have the lowest exemption levels at $1 million, with Connecticut having the highest exemption level at $9.1 million. See the chart below to...
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Take the leap to grow your future income and wealth—begin investing in real estate! We’ll cover how to buy a property and how to rent it out in this challenging market. For more, follow Real Estate Today on Facebook, Twitter, and LinkedIn.