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How Your Property Taxes Compare and Other Surprising Facts How Your Property Taxes Compare and Other Surprising Facts No matter where you call home, chances are you re paying property taxes to the city, the county, the school district, the state, or even all of these. Property taxes may be pervasive (and some would say invasive) but they re not all are alike. The property tax you pay can be a completely different amount than the tax your neighbor pays, thanks to property tax exemptions discounts given to a particular group, like seniors, people with disabilities, or veterans. The total property tax tab some homeowners pay would make you gasp, either because you can t believe how much they pay or how little. Take New Jersey. Homeowners there pay three and a half times more than the nation s $2,075 median property tax, and 13 times more than the typical Alabama homeowner. ....
Published December 23. 2020 4:44PM | Updated December 24. 2020 9:05AM By Lee Elci A financial reckoning lurks silently in the shadows ready to envelop the overburdened, overwhelmed Connecticut taxpayer. Commencing Jan. 1, unless you are a state employee, your weekly paychecks will get smaller; 0.5% smaller to be exact. Phase One of The Paid Family and Medical Leave Act officially institutes its slow grind of separating you from your hard-earned income at the onset of the new year. State employees are exempt from this new tax since they currently have a publicly funded plan already in place. Following the 2018 election, the Connecticut legislature enacted the Paid Family and Medical Leave Act, which creates a system that will entitle each eligible Connecticut employee to paid family leave. The deduction applies to each employee s wages up to the Social Security contribution base ($142,800 in 2021). The program is targeted to begin in 2022 and will provide ....
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